Alpha,Great buying opportunity even at these levels.A few...

Alpha,

Great buying opportunity even at these levels.

A few facts.

Shares on issue; (via Market Index): 207,873,301

Todays Closing Share Price: 80.5c

Total Dividend Paid for the year: 5c (6.211% annualised return)

Todays Exchange Rate: $0.7264

From todays annual report:

EPS = US$0.23 ($A0.31 per share) On todays share price of 80.5c that is a 38,5% annual return per share.

Net Tangible Assets per share: US$0.828 (In $A translates to 1.14 per share as opposed to todays price of 80.5c per share. A difference of 33.5c)

Medusa's Net Asset Position: US$193071 ($265.8M Aust). Todays Market Value based on the closing share price of 80.5c =A$167.34M. A shortfall of close to $100M Aust dollars.

Cash and Cash Equivalents as at 30 June Production Report: US$72.2M - which translates to approx $100M AUS. It must be remembered that we are two months into the first quarter of 2022 so further cash may be added to the cash pile.

Medusa has already spent $11MUS on the decline. Medusa has stated it will spend a further $15MUS during 2022. The total cost of the decline has been flagged at $54MUS. By my calculation given $11M US has already been spent the balance remaining as at 30th June 2021 would be
$43M US - the amount to be spent during 2022 will reduce the balance further to $28M US.

As always DYOR