X64 0.00% 57.0¢ ten sixty four limited

even the mighty medusa will fall today, page-3

  1. DSD
    15,812 Posts.
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    releasing today's announcement re new Cu/Au discovery 30mins after mkt opened and then calling a trading halt smacks of quiet desparation to salvage SP. IF this new discovery is so important why wasn't the news released wellbefore mkt opened to give shareholders time to digest the info? I don't rate this new discovery as important... at least in the medium term, but could be something Medusa earn income from in 3-5yrs time. Right now it's EPS this mkt is demanding and fortunately MML can deliver in this regard. Marginal miners are being hammered today incl. base metals. Non-producers are worse. IMO,safety 1st, 2nd and 3rd in these fragile times when looking to buy.
 
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