When is the suspension lifted, page-30

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jump3r

447 Posts.

01/11/17

11:55

Post #: 28390665
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Originally posted by Lawyerman ↑

I suspect that if we are not lifted from suspension today that these guys are scrambling to release the graphite JORC in order to save face and keep their jobs. There is no way that the response to the speeding ticket takes longer than the announcement they made today (especially since it necessitated a delay in strategy etc) unless ASX is implicated in the suspension issue because TH was requested/not actioned which complicates the response (irrelevant really, it was going to get belted either way).

If suspension is lifted without any redeeming news then I will wait for the bottom and top-up in anticipation of JORC and second auction (although now I wonder how they will be funding the graphite project). There are few positives out of this being: some rubies being sold for nearly $2,000 per carat indicating some quality in the ground (how much not sure); there is demand; the company still has $5m cash etc.

BUT there are also massive question marks for me, namely: how the hell did DW know that $500kUSD is what would be received from a blind auction on the second day?! That reeks of cartel behaviour. This is now the only concern I have (and maybe funding although that is mitigated with delaying upramping and any dilution won't hurt as much as the opening price after reinstatement if no good news comes in the meantime) - but really we should not be concerned with the ground, just need to find more of the stones $2,000 per carat (which we could have done with the optical processor).

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YES lawyerman...how did the author of the article get the sale quote right in US$?
This was before the auction had ended.
Intriguing

MUS Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

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