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2.7¢ goldoz limited

Ann: Inaugural Rough Ruby Tender Results, page-106

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Davisite

19,200 Posts.

6239

01/11/17

10:57

Post #: 28387035
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Originally posted by Barolobill ↑

Managment have let you down here. Can't blame them for getting excited, but they are proven overly optimistic and a little out of touch with the gem market. The warning bells for me are the fact they had no idea what buyers were looking for? Surely they consulted with industry buyers before the auction to give themselves the best chance?

They won't get another chance for another 8 months, and revenue was low. They are in survival mode now. How much cash do they have?

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There is no way this result can be the result of just being overly optimistic. The only question is if it due to gross incompetence or conspiracy.

MUS Price at posting: 10.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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