Dear fellow MUS holders,
I think one thing you may have failed to recognize that based on the latest release the company has essentially told us they have sold approx 60,000 carats. See math below:
Column 1 Column 2 Column 3 0 Note Inventory Source1 Inventory taken to auction 405,000 See company announcement 2 Inventory sold at auction (29,463) See company announcement 3 Small tender (52,493) See company announcement 4 Q4 additions 29,983 See company announcement 5 January additions 7,495 See company announcement 6 Additional sales - Not announced (58,494) Balancing item to arrive at closing inventory 7 Closing balance 302,028 See company announcement
MUS needs to restore confidence and we can expect a strong 1st sale from Bernard at the helm. An early win gives the stock currency to continue with their exploration needs.
I suspect some of the more sophisticated investors have picked this up, while the wider mkt has not. There is tremendous value in MUS and would expect positive news flow to follow.
This is not advice. Do your own research.
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