Gotta compare apples with apples giddyup. The management structure has changed. New members - and by all accounts very experienced members on the new board.. The board was also very wise in that they have appointed AndrewTeo as MD as he has delivered - has no doubt built up a great connection with government authorities - knows the business deeply and has the business poised for the next stage.Far better than having someone else come in from the cold. The issue was solved with the appointment of a very experienced professional as chairman of the board.
You need to look at all external indicators - the new board and structure - the large build up of infrastructure (check out the photos of Medsua in 2004 and the current photo of their surrounds on their website - and then the business dynamics. How many junior gold miners can you find that has a large exploration tenement area, has a producing mine in Co-O, is in the process of implementing decline technology, has extensive spare production capacity, has little to no debt, is unhedged, paying a handsome dividend (how many gold companies can match Medusa's current dividend).and has cash in the bank covering a large proportion of the current share price. Just a few points which i had already mentioned previously.\
Do some of your own research to see how Medusa's current dividend in percentage terms compares to others in the gold space. DYOR
MML Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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