MML Monthly 7 June 2019

Investment: Medusa Mining (ASX: MML)

Medusa Mining (ASX: MML) is a gold producer with their main operations in The Philippines.
The company is profitable, has net cash and positive cash flow in recent times.
Valuation of 84 cents based on most recent half yearly financials although this is subject to change based on a number of variables relevant to gold producers.

The monthly chart above shows the rise, fall and base of this stock over the past decade.

The weekly chart below shows the shares coming out of about a four year base.

Long today at 47.5 cents after seeing it break resistance overnight.

The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein.

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