G79 0.00% 2.7¢ goldoz limited

8245L & Alpha = Mugloto = Top $, page-88

  1. 19,420 Posts.
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    What funds manager here is familiar with the ruby market?

    Unless GEM is planing on excluding any buyer from its auctions who participates in MUS’s auction I can’t see why any rational buyer will avoid the MUS auction. What buyer is going to say “I am not going to the MUS's auction because I want GEM to have a monopoly and force me to pay high prices. I want to be held to ransom by GEM and so I will stay away from anyone else’s auction”.

    If anything I am more worried that the buyers might pay a premium to MUS in the upcoming auction just so they have a competitor to GEM. If they did this may mislead us as to MUS's value.
 
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