In just under 6 weeks, Mustang's inaugural rough Ruby auction will be underway. The auction/tender sale commences Friday 27 October in Port Louis, Mauritius and runs through to Monday 30 October.
Rough Ruby buyers attending Mustang's auction will be gathered to view graded lots of ruby that have been carefully sorted by expert gemologists in consistent graded parcels size, clarity and colour.
Under the competitive conditions caused by the closed tender process Ruby buyers will be carefully evaluating the value of the gems available. They are competing with both the other buyers but also Mustang's undisclosed reserve prices before submitting their own sealed bids to Mustang.
After several days of Ruby evaluation by the buyers, the sealed bids will be in and Mustang will finalise sales of lots based on the winning bids.
At the conclusion of the auction Mustang will tally the results and announce to the ASX. With the auction concluding in Mauritius on 30 October, my expectation is that we'll then have the announcement of auction results to the ASX on Tuesday 31 October.
Time is ticking. Just under 6 short weeks until Mustang is expected to receive significant revenue and cashflow ... it will be an amazing outcome for a company with a Market Capitalisation currently at approximately AUD $50M.
Doing your research
Company Announcements
The following are the key recent company announcements:
Mustang Exceeds Auction Target
![]()
Mustang Achieves Record Month of Production
![]()
Ruby Count Grows to 147,000CTS October Auction Confirmed
![]()
Corporate Presentation (most recent as of 16 September)
Corporate Presentation Mining Resources Convention
![]()
Background on Mozambique Ruby
http://www.lotusgemology.com/index....ed-rain-mozambique-ruby-pours-into-the-market
![]()
Video News and Investor Sessions
CNBC Video
"One can reasonably expect anywhere north of $100/ct" @ 28:40 in the video. That's USD.
CNBC Video
https://www.cnbc.com/video/2017/08/06/asia-is-hungry-for-rubies.html
Proactive Investors Skype Interview
This as an example of an "eye clean" 2.06ct Ruby with the "Pidgeon's Blood" Colour.
This would have been cut down from a rough Ruby in the 7ct to 8ct range.
Details and certification data.
https://www.ajsgem.com/ruby/burma-ruby/mozambique-ruby-2.06-carats.html
Other Links to Aid Research
This link gives an indication of the potential retail value of any of the highest quality stones once cut into exquisite jewellry pieces.
http://www.jewelsdujour.com/2015/07/ten-most-expensive-rubies-sold-at-auction/
Neighbouring Gemfields had two auctions where there were some amazing results:
http://www.nationaljeweler.com/diamonds-gems/945-ruby-dubbed-the-rhino-sells-for-undisclosed-sum
https://thejewelerblog.wordpress.co...pair-of-rubies-called-the-eyes-of-the-dragon/
This is to improve awareness of retail price potential of high quality rubies once cut and hence the reason why buyers at Ruby Rough auctions are will to pay top $$$.
https://hotcopper.com.au/threads/re...ies-from-montepuez-area.3605136/#.WbxLodOg_gE
On the Mogok area of Burma:
"As it becomes more difficult to find gemstones there is an increasing shift towards mechanised mining in primary marble and other metamorphic deposits that are complex to work. The exhaustion of easily workable secondary deposits is reducing opportunities for independent seasonal miners."
https://voices.nationalgeographic.org/2016/10/29/gem-mines-of-mogok-myanmar-burma/
Company Website
http://www.mustangresources.com.au/IRM/content/default.aspx
There are a few of research reports worth reading:
http://www.mustangresources.com.au/irm/content/research-reports.aspx?RID=446
- Forums
- ASX - By Stock
- G79
- 6 weeks to auction ( or Mustang Resources 101)
6 weeks to auction ( or Mustang Resources 101)
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add G79 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online