Ann: Establishment of decline at Co-O Mine, page-5

Couldn't agree more flaming.....we seem to have a group of doomsday posters telling us they have sold out and the company will collapse. Quite obviously its a trading tactic whilst concealing the facts. We have substantial holders and two new ones have recently come on board. They are not about to sink millions of dollars into a company that is struggling. The release of todays forward looking report is a boomer. Medusa is modernising their operations re underground mining. They have also said it is difficult to estimate resource at depth so who knows what gold lies on Medusa's tenements.

As for no dividends - Medusa has paid dividends in the past so they are not adverse to paying them. They have been shrewd in their management by not over extending themselves and preserving their resources until the appropriate time. Gold was subdued whilst the rest of the stock market flourished. Perhaps the time has come for gold to shine. DYOR