I spent an hour going through the last couple of month's announcements (as well as posts) to see why MUS didn't move up from the 1.37c price capital raising price.
I cannot come to any other conclusion than small shareholders got fed up after the change in Edison valuation on the graphite project, didn't even consider the Vanadium and spat the dummy.
But still Edison value Caula at over $40m USD so it seems quite an irrational selling by a few shareholders especially with so many significant price drivers over coming weeks.
So putting the Vanadium to once side, it will be interesting to see how they unlock the value in the Graphite. Along strike from Syrah but with 3x the flake size is something I am very keen to discover more about.
MUS Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held