Hi Tompetchreo
Not sure how you missed the below in the latest announcement re Special Stone. There was a whole paragraph given to them?
Special Stones
Through its ongoing Artisanal Miner Development Program (AMDP) Mustang recovered 11 large-sized stones and these were announced to the ASX in early 2017. Five of these stones (which have come to be referred to as 'special stones') were sent as a test to Meg Berry in Tucson, Arizona, USA to be cut (faceted), polished and GIA-certified for possible future sale. On 28 April 2017 Mustang announced a revised marketing strategy and stated that it did not intend to proceed with the sale of cut and polished stones because such sales would entail the Company being seen by prospective rough ruby buyers as competing with them in the same market. The cutting, polishing and certification of special stones was therefore suspended. Mustang has no intention to enter the cut and polished stone market and the 5 ‘special stones’ are therefore retained by the Company in safe and secure storage. All other rough stones recovered by the Company sourced from either the bulk sampling program or the AMDP are uncut and were either sold at the October 2017 auction in Mauritius (the biggest being 14.24 carats) or included in rough ruby inventory for future sales.
MUS Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
