Can't add much to your excellent summary except to highlight that the next Tailings storage facility(TSF) is due to start construction early 2020(bottom pg16 Annual report) and could be the project that sucks out the most cash from the expected operating cashflow surpluses this financial year.
And I can't help going over old ground - we were told in Note 9 to the Remuneration Report last year that Boyd Timler received a retirement benefit of $US277,457 which was equivalent to eight months salary - this amount was confirmed in this year's Remuneration Report. His original employment contract(ASX announcement dated 5Apr16) stated four months notice could be given by Medusa, so don't understand why double the amount was paid out for somebody that supposedly 'retired' after only two years employment.
Of course that pales into insignificance when they expense $US10mil+ in a VAT write-off this year without any explanation to shareholders.
MML Price at posting:
81.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
