Great debut for Medusa Mining - thankyou Budfox for the stock... what a nice Christmas present. I can't see myself selling for a while.
Good support on 2nd day of trading as well.
This company looks like it has the goods. Any production in the Philippines will be extremely cheap, especially with the high grades.
I think that this is a good short, medium and long term buy.
Political risk should be minimal with the participants involved. It wouldn't surprise me to see the neighbouring mines being transferred to Medusa at some time in the future.
Don't forget that there will be a cheap option issue on a 1 for 2 basis to the holders at a set date (to be announced). Per Prospectus the purchase price will be 0.5c for a 20c exercise price. Should be worth at least 15c per option, or another 7.5c per current share.
Merry Christmas to all and hope you all have a prosperous new year.
Regards
Marvin the Mindreader!
mml - medusa
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Last
$56.70 |
Change
-1.440(2.48%) |
Mkt cap ! $11.02B | |||
| Open | High | Low | Value | Volume |
| $57.74 | $58.00 | $56.54 | $47.19M | 827.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 773 | $56.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $56.71 | 1999 | 15 |
View Market Depth
| Last trade - 15.08pm 14/06/2024 (20 minute delay) ? |
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Last
$56.69 |
Change
-1.440 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| $57.69 | $57.73 | $56.56 | 330334 | ||
| Last updated 15.28pm 14/06/2024 ? | |||||
| ASX (ASX) Chart |