What happened to our diamonds ?, page-7

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jonpg55

591 Posts.

135

07/11/17

10:51

Post #: 28563807
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Originally posted by Bluequartz ↑

Hi all,
I did an investigation of this on the ASX history file earlier on this year, the information is
available if you go back to MUS ASX 2015. There are 47 of them ,that's all, they were part of a
test sample of the Save River region of Mozambique, the bottom tip of the country. All of
this on MUS ASX announcements. The 47 diamonds were put into storage in Mozambique
in a bank vault I presume, awaiting the lifting of a Mozambiquan law PROHIBITING the export
of diamonds. Whether this law was lifted in 2017, I don't know. Anyway I in March-April went to
a diamond website (as the carats size of our diamonds are there for you to look at ASX MUS) you can see
their colour in the accompanying pics. I used that diamond website, to estimate or is that guesstimate
that in the first half of this year, they were worth - if sold around Au$90,000.
You can do the same exercise, and guesstimate their worth for yourselves. Note, in 2015 CJ and Cobus
weren't in Mustang, and that it was run by another team, who were bought out in a reverse takeover by CJ and Cobus in the first half of 2016 (see Davisite's posts on the subject)
Hope it helps a bit

Bluequartz

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Leading on from Bluequartz The diamond scan not be sold at least untill Mozambique becomes a member of the Kimberley Process which aims to prevent conflict diamonds from entering the mainstream rough diamond market by United Nations General Assembly.
They have had their application in for Quite sometime.

https://www.kimberleyprocess.com/en/candidates

MUS Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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