I've just noticed TradeRR stated MUS has a very little cash, I wanna clarify,
MUS,
currently has around $2.4m cash, they had $0.7m as at 31 December 2016, but then received $1.78m cash from the Tranche 2 capital raising last week.
The most important, MUS has shipped first commercial rubies to US, five special rare rubies with two 24ct rubies. The first sale could be wild as sale price for over 8ct cut ruby is very wild, some historical sales indicate over US$1 million/ct. Obviously, we are unknown at the moment.
They are going to attend US jeweltry show this week, 31 January to 4 February 2017.
GLTA
