Sunday April 26, 2015
The Mrs. away, working without trousers again and the cats in disgrace
Kiddy Fiddler Greville Janner – another establishment cover up
Weekly Postcard #108 - All those links to India edition

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Medusa Mining: Is it time to buy again?

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- Tom Winnifrith

London and Australia listed Philippines gold producer, Medusa Mining (MML) is a top recommendation from my past. I recommended the shares on t1ps.com, the site I founded in 2000 and left in September 2012 to establish the Nifty Fifty, at 49p in August 2008 and recommended selling at 426.5p in December 2010. I noted then that a higher share price still could be achieved but that a re-appraisal of political risk and the company – as a low-cost producer – being set to benefit less in terms of operational gearing from a rising gold price than others had led me to consider the risk/reward trade-off more attractive elsewhere in the sector. The shares would go on to hit 560p in 2011 but have subsequently fallen back to trade at a current 350p share price. Perhaps it is time to buy back in?

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