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 |
1 |
Note
|
|
|
2 |
Inventory
|
|
|
3 |
Source
|
|
|
4 |
Inventory taken to auction
|
|
|
5 |
405,000
|
|
|
6 |
See company announcement
|
|
|
7 |
Inventory sold at auction
|
|
|
8 |
(29,463)
|
|
|
9 |
See company announcement
|
|
|
10 |
Small tender
|
|
|
11 |
(52,493)
|
|
|
12 |
See company announcement
|
|
|
13 |
Q4 additions
|
|
|
14 |
29,983
|
|
|
15 |
See company announcement
|
|
|
16 |
January additions
|
|
|
17 |
7,495
|
|
|
18 |
See company announcement
|
|
|
19 |
Additional sales - Not announced
|
|
|
20 |
(58,494)
|
|
|
21 |
Balancing item to arrive at closing inventory
|
|
|
22 |
Closing balance
|
|
|
23 |
302,028
|
|
|
24 |
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.