Ann: Quarterly Report & Appendix 5B, page-3

Well, looks like they were reading HC posts ? This report is trying to address some concerns raised from some posters. Looks like the intensive maket study is a fairly new thing which led to the changing strategy. This report says it all, firstly selling rough stones doesn't destroy the value chain which MUS couldn't afford to do so given the size of the firm. Secondly, it generates faster cashflow which is also crucial to the business at current stage. I think the move is well justified.

Also, those special stones were indeed market testing things & we all know the company isn't counting on them to get rich. So I have no problem on selling them altogether with rough stones in Oct.

Overall, this report reads better than last one IMO. Currently the Ruby business only worth abt $5mil under current market cap. Let's bring some sense back to the valuation shall we ? Good luck holders.