I'm a first time poster here and introduced to Mustang by my 19 year old son who seems to be taking to the stock market like a duck to water, except when he follows my advice (CVT). Following with interest over the last couple of weeks as the excitement builds towards the October auction. Good luck to one and all.
My take is post the October auction there will be an solid indication of the size and value of the March 2018 auction (hoping I got that date right) and this will be indicative of the ongoing annual sales from rubies which will underpin the market cap. Icing on the cake will be the graphite strike.
On the average price for the October auction, I think A$ 150 would be a great result, double the GEM average of US$ 61.
The held position is my sons position.
I'm a first time poster here and introduced to Mustang by my 19...
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