Of course Cone.....its the building of the decline ("Tiger Way"). The share price manipulation in my opinion is bizarre. Medusa has over $100M Aus in the bank - just paid a 5c dividend for the half year - with a massive tenement portfolio - has excess production capacity - is pretty well debt free - and progressing with the development of the decline to access levels deeper in the mine. Medusa is now close to the end of the March quarter and the gold price in the main has fluctuated between 1700US and 1800US. Still well north of estimated operating costs of between 1200 -1250US. . We await the resource profile and of course the results of the March quarter. Medusa is a Junior Miner. The Board changes indicate something is happening behind the scenes. Everyone needs to step back and have a look at the effects of the coronavirus on the world economies and consequently where the world stockmarkets are headed. Are the enormous consequences already built into the stock prices or is that still yet to unfold. . Interesting times ahead. DYOR
Ann: S&P DJI Announces March 2021 Quarterly Rebalance, page-5
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