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Just a thought here, if the price of gold is going to go up. Why...

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thecone

7,237 Posts.

858

03/03/21

11:13

Post #: 51477800
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Originally posted by PeeSter ↑

Medusa is building a huge cash pile too.
In the second half of 2020 we went from 47 million US to 79 million US.
By the end of June this year, cash balance should be north of $130 million AUD. With a market cap of only 195 million, we are getting close to fully backed by cash.
Remember too that the 5 cent dividend was less than 20% payout ratio. It is quite conceivable that we see a 10 cent dividend next half, or at least the 5 cent plus another 5-10 cent special, or share buy back.

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Just a thought here, if the price of gold is going to go up.
Why are we selling it for cash?.... Surely we'd be better placed holding onto it as bullion.. Further reducing supply and increasing prices.... IF we have enough cash to run with.

Anyway looking forward to going ex d on the 17, might take another bite on any weakness... Cheers tc

MML Price at posting: 96.5¢ Sentiment: Hold Disclosure: Held
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