MML on FIRE

MML on FIRE.

High volume combined with high % price increases for the past 3 days.

2/8. 78c +5.5c 1.4 million
5/8. 83.5c +5.5c 1.1 million
6/8. 87c +3.5c 1.8 million

Volume is for ASX market only. There is an additional approx 15% traded on Chi-X.. So today 2.144 million total traded on both exchanges.
This last 3 days trading hasn't happened for Medusa in years.

The recent MML rises are now being noticed and attracting many traders and PI's but not institutions.The closing auction today saw a continuation of huge interest..There is a real bun fight to get stock.

This is a huge spike which needs consolidation but if gold continues strong we could see $1 quite quickly with much more over time.

Profitability is being transformed:
100k oz pa x $450 per oz = $45 million nominal profit.

Cash: $23.4 million as at 30/6/2019
Debt (Bank Borrowing): $7 million as at 31/12/2018
Net cash: approx $16 million

Production FY: 103k oz 2018/19
AISC: $1045 for FY 2018/19, $965 for latest H2/19