Great analysis!Looking forward to seeing MML surge past $1Bring...

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BlueSky123

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15/07/20

00:25

Post #: 45867573
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Originally posted by sydney: ↑

Medusa share price has lagged behind the recent gold price rally for the following reasons:
- accumulation by big entity and fund managers who kept the share price in a tight range to soak up shares before the next leg up.

- The company is about to finalize the results of recent drilling campaign and IMHO it will be impressive as more veins are expected to increase gold reserve.

- The license renewal of Oceana gold is coming soon and that will boost the confidence that Philippine is changing its attitude towards mining company, hence reducing sovereign risk.

-Gold is expected to get to $1850 by end of this month, increasing profit margin.

-No news is good news and the quarter report is around the corner, hence the company is on track to deliver at or above target production.

- One of the few gold stocks that investor will see a strong value upon the release of good report, hence capital will move into the company. The addition to Australian 200 marked the beginning of the accumulation by big institutions. Expect an a release of substantial holder around mid week, IMO.

I have taken a good position with half percent of the company and looking to add more.

Cheers, Sydney

Only my thoughts

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Great analysis!

Looking forward to seeing MML surge past $1

Bring on the June 2020 Quarterly Report!

MML Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Great analysis!Looking forward to seeing MML surge past $1Bring...

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