MML are an existing gold producer on the island of Mindanao, and are looking to expand production towards 100,000 ozs Pa during 2007.

Mining costs are low, around $250 per oz, and with gold around the $650 level, there is a healthy margin.

MML have returned good grades in recent exploration, and have an exploratory copper project within their licence area.


recent analysis - Click HERE


MML look undervalued compared to their peers, IMO.

The company who manage the mill expansion have gone bust before completion. This may affect production. Is this the reason for the drop in share price? People in the know had prior knowledge.

o-O MILL EXPANSION PROJECT MANAGERS APPOINT ADMINISTRATORS

(ASX & LSE: MML)

Medusa Mining Limited ("Medusa" or the "Company") wishes to advise that the ASX listed entity, All Mine Group, the parent company of Arccon (WA) Pty Ltd who manage the Co-O Mill expansion, appointed WA Insolvency Solutions Pty Ltd as administrators on 20 June 2013 (see ASX announcement under ticker AZG dated 20 June). The Company was advised by letter Thursday evening 20th June.

Medusa is currently uncertain as to the timing and the effects on completion of the finishing touches to the mill and full circuit commissioning as dedicated commissioning personnel were scheduled to mobilise to site imminently. Discussions are expected with the administrators and direct communications with personnel on site are underway to minimise disruption to site activities.

The Company will provide further updates when more information becomes available.

https://www.youtube.com/watch?v=f_YKy2V5aP4

Results out. Profit rise. Starting to look better, [depending on gold price].

http://www.investegate.co.uk/medusa-mining-ltd--mml-/rns/operations-update---new-mill-and-level-8/201309040800021865N/

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http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/20_LBMA_Chairman_Tells_Producers_Gold_To_Plunge_$400_In_2014.html

These guys seem positive on the miners - http://www.spreadbetmagazine.com/blog/titan-investment-partners-why-were-backing-the-mining-sector.html

http://www.investegate.co.uk/medusa-mining-ltd--mml-/rns/half-yearly-report/201402270805020352B/

http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html?alcmpid=markets

Broker Views..... Stock on a P/E of just over 4 (just getting the forward P/E Yep I know not always the correct way to value a mine. But it does give a comparison.....

MEDUSA MINING BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes

04 Mar Cantor Fitzgerald Buy 136.25 190.00 222.00 Retains
27 Feb SP Angel Buy 136.25 -.............. 245.00 Reiterates

Russian gold glitters in face of Ukraine conflict

by Suzie Neuwirth
March 17, 2014, 12:48pm

The geopolitical tensions between Russia and the West over Ukraine are boosting the gold price and benefitting Russian miners, according to Canaccord Genuity today.

The broker has upgraded its recommendations on Russian gold producers Polymetal International and Petropavlovsk to “buy”, as a result of its bullish view on the yellow metal and a weaker currency, due to the regional unrest.

“The 14 per cent ruble depreciation since December improves costs in US dollar terms and drives a six per cent and 17 per cent increase in our net asset value estimates respectively,” said Canaccord.

“The higher gold price estimates make a substantial difference to our free cash flow estimates and ability of management to reduce net debt levels over the next few years,” it added.

Gold is a safehaven metal that investors traditionally buy at times of financial uncertainty. As City A.M. reported last month, research from the World Gold Council showed that overall gold demand slid by 15 per cent last year, due to large-scale outflows from ETFs, as confidence in the US economy improved.

But the battle over Crimea’s sovereignty – coupled with worries surrounding China’s credit market – have triggered a recent pick-up in the gold price and should cause it to rally further in the near term, according to the broker’s research.

“We believe the recent strength in the gold price is the result of a robust physical demand and a pick up in investment demand as indicated by the first significant rise in exchange traded fund (ETF) gold holdings in 15 months,” it added.

Canaccord is revising its estimates across the (gold) board. African Barrick Gold also gets its seal of approval and even Egypt-focused Centamin is a “speculative buy” despite an ongoing legal dispute.

“Our average 2014-2018 gold price assumption rises six per cent to US$1,354 (£814)/oz, and long-term projection rises five per cent to US$1,455/oz,” said Canaccord.

“This drives earnings per share upgrades and an average 25 per cent increase in target prices across our coverage.”

http://www.investegate.co.uk/medusa-mining-ltd--mml-/rns/intended-delisting-and-cancellation-from-lse/201404040700059652D/



Medusa Mining Limited



4 April 2014



Intended Delisting and Cancellation of Securities from the London Stock Exchange



Medusa Mining Limited ("Medusa Mining" or "the Company") announces that its board of directors has resolved to request the cancellation of the listing of the Company's ordinary shares of nil par value (ISIN: AU000000MML0) ("Securities") on the Official List of the UK Listing Authority and the cancellation of the admission to trading of the Securities on the Main Market of the London Stock Exchange plc (the "LSE").



Reasons for the delisting

Medusa Mining has decided to apply for voluntary delisting of its shares from the LSE in order to streamline administrative procedures and to reduce management costs from listing on multiple stock exchanges. As the volume of trading in the Securities on the LSE is low and the Securities will continue to be traded on the Australian Securities Exchange, Medusa Mining believes the impact on its shareholders from delisting from the LSE will be minimal.



Delisting Schedule

Application has been made to the UK Listing Authority for the Securities to be removed from the Official List, and to the LSE for the Securities to be removed from trading. The last day of dealings in the Securities on the LSE is expected to be 22 May 2014. The cancellation of the listing and of trading in the Securities on the LSE is expected to take effect at or about 8.00 a.m. on 23 May 2014.