Ann: Mustang Acquires Ruby Bearing License, page-49

The current market cap is based on speculation that there current small scale ruby operation is about to generate a huge amount of cash flow yet the company raises a large amount of money at a huge discount to the current share price.
Looks to me like this huge amount of cash flow from ruby sales will not be happening for some time let alone cover operational costs.
If anyone can not see the red flag here they should not be investing in the stock market.
I will buy back in but not for anywhere around the current share price.