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5.1¢ millennium minerals limited

Ann: Production Update, page-8

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robbo24

10,954 Posts.

1767

09/07/18

11:07

Post #: 34222860
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Originally posted by flaming ↑

The report was as expected.
No surprises.
AISC is probably very high for this quarter and will be higher for next few quarters by the look of it.
The cash balance has gone down which makes me think a higher probability of Investec Loan Facility will be drawn. So I am now adding that sum to the market cap in my valuation.

I expect sideways price action with a little bias to the downside.
I am wrong half of the time.
But as we all trade and invest in our belief, I have sold most of my bundle.
Just holding a token amount to monitor the share price movement.
If the price is still around 20c in 3 months time then I will buy back the lot.

@robbo24
....Please don't get angry on me.....I have said before, I'm not someone who always BUY BUY BUY.
I have to make a living as well.

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Hi flaming,

Fortunately everything you point out foreshadowed months ago by the company.

The market reacted at the time of the foreshadowing - fortunately the company is on track to deliver its stated goals.

MOY Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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