PLAYS OF THE WEEK UPDATE: Medusa Mining (MML:AIM)

MML

Published date:
Thursday, January 10, 2008

Medusa Mining (MML:AIM) 64.5p

Take profit on Medusa Mining, tipped as a Play of the Week last year (Shares 5 April, ‘07) at 43.5p. Gold production has been hit by staffing problems and expansion into higher grade metal isn’t expected until later this year (See Prospector Column for full story, page 29). With the share price having risen 48% since our tip, bank the gains before the short-term story sours. Should the stock fall sharply there may be an opportunity to buy back in as the company should be in a much better position in a year’s time.

TAKE PROFITS

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