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.
- Forums
- ASX - By Stock
- being played
Well, I believe MML is gonna be a long term good fundamental...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add X64 (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
X64 (ASX) Chart |
Day chart unavailable