MML medussa mining - PE of 5.2 - price over book ratio of 0.55 - forcast earnings growth rate of 72%
with financials like that you would think MML would be snapped up....... the trouble is that it's a gold stock and it is being sold down with the rest of the gold stocks, and also because of the downward trend in the price of gold .......(that out to get a nibble).
MML has little problem with a small deterioration in the gold price as it is an extreme low cost gold producer at a little over $US400 / ounce........future gold price decreases will in fact put some of its competitors out of business.
next year its gold production will step up by + 43% and its profits also by the same amount ......
with some nimble buying and selling I have traded this stock on its falling share price making some small profits...... today I have been caught out, being a bit to eager to buy @ $1.17after I had seen the FY results of the company .... the stock is now at $1.11
so buy up all of you gold bugs so that I can get back into the black again
