Ten Sixty Four Ltd (CE) (MDSMF) News

Medusa Mining Ltd. changed to Ten Sixty Four Ltd.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

I am here, just bought in today

I found this stock through a stock screener yesterday. I was surprised at the low P/E ratio. While last year's earnings look mostly helped by a currency conversion, this years look like they are the base without any adjustments.

I estimated the P/E is less than 4, and it is selling for below book.

I am not sure why since I have seen a number of stocks with nothing but some mining rights and their assets are all expenditures on exploration going up by like x5 or even x10 this year; while this company with earnings and cash seems to be going no where.

I was surprised to find it with a stock screener since with the run up in gold and silver every time you start to look through the list you find out that the earnings are not that solid and the reason the company trades so far down is because it is a money pit.

Louis J. Desy Jr.

I am here, just bought in today

I found this stock through a stock screener yesterday. I was surprised at the low P/E ratio. While last year's earnings look mostly helped by a currency conversion, this years look like they are the base without any adjustments.

I estimated the P/E is less than 4, and it is selling for below book.

I am not sure why since I have seen a number of stocks with nothing but some mining rights and their assets are all expenditures on exploration going up by like x5 or even x10 this year; while this company with earnings and cash seems to be going no where.

I was surprised to find it with a stock screener since with the run up in gold and silver every time you start to look through the list you find out that the earnings are not that solid and the reason the company trades so far down is because it is a money pit.

Louis J. Desy Jr.

hello,anybody out there? anyway medusa produces an ounce of gold for around $250. while most other miners it costs them close to $1,000 an ounce. medusa is just finishing a mill upgrade from 1,000 tons per day to 2500 per day, should be in action within 30 days. it did cost them on there production this year, but boy will it make up for it next year. the company expects to produce 200,000ounces next year at a cost of $300 an ounce including royalties. they are developing another mine not far away from this one (in philippines) they predict by 2015 they will be producing 400,000 ounces a year. wow. and they were just giving a dividend, but since the new project will be self funded, they decided stop dividends temporarily. it all sound like a homerun to me. i just got back in for under $2 a share today, a steal. i wont watch the ticks too carefully. ill check back in 1 year and in 2 years i will see $25 SP. what else could i ask for?