X64 0.00% 57.0¢ ten sixty four limited

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  1. 3,394 Posts.
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    Well, I believe MML is gonna be a long term good fundamental stock.

    CGA Mining just announcement their profits yesterday with a 400% increase compared with the last corresponding period. These guys operate in the Philippines as well, but with a cash cost of around $600 per oz. Market capitalisation is about $1.3b.

    I wonder what would MML's profits would be like when they will announce it soon esp with cash costs of $180-190 USD per oz. And we got a market cap of $1.35b.

    I believe the gold sector is still going under more consolidation esp with Newmont's recent over $2b acquisition making it bigger than Newcrest.

    Well Harmony Gold (market cap $4.8b USD) is looking for potential acquisition in the "Philippines", Indonesia, or PNG and Elorado's (market cap of $9.8b USD) failed acquisition of Andrean Resources (AND) to Goldcorp, may mean EAU is looking for more opportunities.

    Also in Australia. Alacer Gold (mkt cap of $2.1b) and KCN (merged with DOM) may also look for more opportunities to grow big.
 
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