Everyone should expect the insurance company to find anyway they can to wiggle out of paying. In the end it won’t mean that much to MUS’s bottom line if the insurance policy is paid or not and this event will help MUS improve their security going forward. What we all don’t want to see is a repeat with the high quality rubies.
MUS is a high risk company operating in a high risk country. I have been surprised that something like this has not happened previously.
MUS Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held