MML has a ridiculously low MC because its has had a ridiculous...

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cncventure

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26/05/17

12:15

Post #: 24929646
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Originally posted by john_utah ↑

Ridiculously low MC for a producer that should be delivering 120+k ounces a year with an AISC well below $1,000 USD and almost no debt.

Missing targets and reduced forecasts was built into the price when the SP was at ~50c. The sovereign risk is what has caused it to drop down to ~30c (IMO).

Being on the far east side of the island would help but it's not a big island anyway so I'm not sure how removed the area would be from any conflict, if at all.

Very tempting to buy in but don't think I have what it takes at this stage.

With everything that's been going against MML (rain, L8 shaft delays, mine audits, civil conflicts etc) you'd think the tide would have to turn soon wouldn't you? Although I've been thinking that for over 12 months now...

I'll be watching with a keen eye so I don't miss out like I did back in dec/jan 2015/16. GLTAH.

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MML has a ridiculously low MC because its has had a ridiculous number of random negative news events in the last 3 or 4 years that other ASX gold miners haven't had as a head wind...

I mean seriously, after the sh'tshow that was Gina Lopez looking like it had finally run its course a couple of weeks ago... what are the chances that martial law gets implements to make such that sovereign risk discount doesn't stop applying to MML!?!

FFS!

...it's to the point now where I have so much disdain for this stock that I decided to buy some more today at $0.305!

MML Price at posting: 30.8¢ Sentiment: Buy Disclosure: Held
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