One should only look at an investment from it's current perspective and investment potential. Currently MUS are 1.7c per share or $16.3 MC. If it's a buy then buy, if its a sell then sell, if its a hold than hold.
Where does the graphite/vanadium sit in terms of value. Who will be the driving force and manage this moving forward. In resource terms MUS can in someway justify it's MC based on graphite/vanadium alone. The current situation is they have plenty of funding well structured with floor prices in place relative to the current share price as well. In addition to this new investors will have the added bonus of participating in acquiring shares from the ruby deal, whether that's .003,4,5 or .01c a share, pretty handy dividend for anyone who values Caula and wants to invest in it for the next 2-3 years. From a current LT perspective this is all disappointing, considering the management of the past 12 months and entry points based on lies of $100 USD rubies and more recently participation in the CR at 2.3c. However from a new investor stand point and outlook MUS may be a strong buy.
It doesn't look good that BO hired family, but other than that they deserve a chance to prove to investors they have what it takes and an investor could speculate that Regius has relinquished control enough to allow any major players the ability to positively influence the drive of the Caula project. Personally I would like to see both CJ and Cobus removed or resign from the BOD and this may in fact happen.
It would also be beneficial for the Arena situation to be confirmed and the remaining particulars made clear, which do have positive outcome potential. I wouldn't expect too much though. However if you valuate MUS moving forward, speculatively speaking positive outcomes are still present.
Positive outcome from the remaining ruby sales, wouldn't expect too much though as they wouldn't have sold the golden goose.
Arena floor prices stay in place.
Positive graphite/vanadium Jorc, followed by progress to start pilot plant as expected.
Fura exploration begins positively and the deal progresses.
CJ and Cobus resign from BOD.
MUS changes its name and further unlocks value in Caula expanding the resource and commences pilot plant production, entering into a JV to develop a mine, offtakes ect...
With Caula progressing and a handy dividend in the form of Fura shares looks certain this will drive growth in MUS shares at that point in 6-12 months time.
When compared to BSM, if Caula can start pilot plant production and further expand the graphite/vanadium resource, MUS could potentially hold an MC above 60 million at that point if all the above goes to plan, especially the exit of the two C's!
It should be noted, that this my positive outlook on the situation only.
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