dead cat bounce

Good opportunity to double my short position today. Been waiting for a bounce to add more. The rainy season is from June-November and will further complicate MML's efforts to meet production targets.

Other factors to consider:
1. New tax regime if it applies to MML will be big hit to profits
2. Cash balance low at 13m may mean another capital raising if any delays occur (such as weather events)
3. Yearly report out this month which will show a bad result
4. Production forecast downgrades ( i mean lets face it, to meet guidance they need to produce double of what they are each quarter now)
5. JORC review due this quarter. Likely to see a downgrade due to lower gold price and much lower grade in development ore
6. Additional broker downgrades
7. Writedowns like what NCM and others had

I hold short warrants MMLKOU