@TraderLuke - I was quite tempted to buy a little more MML at today's close, but felt I should wait for sentiment to change or the gold price in USD to increase a little further first.
As for the gold space being dead, I couldn't disagree more, I think there are a number of Australian gold miners that are looking the goods and doing quite well - NST, EVN, RRL, SAR, and more.
Most of them are at or above their 150 day moving averages in spite of the recent market turmoil and most of them are producing really solid FCF, posting record profits, increasing dividends and production...
MML is struggling because its one mine operating is not based in Australia and as such has not been the beneficiary of the large fall in costs and increase in revenues as a result of the falling AUD, and further hampered by a high AISC as it is still investing heavily in mine development.
I'm not sure how low MML will go, but if MML hits or exceed their guidance in their Sept quarterly I expect it to rally aggressively.
- Forums
- ASX - By Stock
- Ann: Full Year Results 2015
@TraderLuke - I was quite tempted to buy a little more MML at...
-
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add X64 (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
X64 (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online