I have been watching as usual but the way I read the latest is...

First 201 Last

Share
Profile

Follow
ian2382000

948 Posts.

24/07/17

17:25

Post #: 26047287
Share

Originally posted by Davisite ↑

Well MUS can’t take the stone off the artisanal's until they have paid for them (unless they want a riot on their hands). It is possible that MUS held the rubies safe for the artisanals (assuming they couldn’t pay for them), but who know. What we do know is the supply of rubies from the artisanals slowed done considerably in the last 4 weeks - unless the locals all went on holiday we can only conclude it was because MUS stopped buying.

The SI can just participate in a small CR as per normal - no need to lend money. The choice will be between accepting the financing or the SI’s putting up an alternative. The amount we are talking about is relatively small ($US1.7 million). I will be waiting for the details before making a decision which way I am voting.

Expand

I have been watching as usual but the way I read the latest is that nearly have the Company has been given away for $8.5 million roughly. We always said they were going to run out of cash and was told that non dilution options were being looked at. I believe this will quickly drop back to 3.5/4 cents in the next 10 days especially when we see the latest cash burn + forecasted burn rate which has always yes always being majorly understated. I await til Oct to look at buying again for myself as with such little detailed information the risk is still to high DYOR

MUS Price at posting: 5.3¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply