This does bring back discussions from last year, but rubies are not normal commodities. Like De Beers showed with diamonds it is possible to raise demand and prices ahead of rises in production so it is not a zero sum game.
I feel very sad when I look at what MUS had and what was thrown away by the board and management. Let’s hope that the new MD is JC on rollerskates.
MUS Price at posting:
3.0¢ Sentiment: None Disclosure: Held