Correct, The reason for their poor result was not that we dont have the quality or our rubies were no good but rather that we didn't have the quantity of the graded lots for them to buy. These are wholesale buyers, they need consistant quantity of qualities to buy.
Cash in the bank is more than enough for managment to focus on the deposit areas where they know good qualities lye.
So many people carrying on with a sentiment that MUS will die, this is crazy thinking as was only their first auction albeit the poor result we still have inventory ready for the next which needs better grading and lot assignment. Also good cash position to maintain ongoing operations.
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