Quite reasonable to sit on the sideline given the market doesn’t seem to believe any announcement made by MUS. The only risk is the SP could run away quickly if sentiment changes or someone big buys in. I have no idea if it will before the auction, but I don’t want to take the risk. If the SP is still down at this level after the next inventory announcement (assuming it is good) then I will buy more.
There really isn’t much news left to come before October. About the only things left are the monthly inventory updates and maybe the graphite JORC. Today’s announcement was the biggie.
MUS Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
