G79 0.00% 2.7¢ goldoz limited

Let's go back to talking about Rubies, page-28

  1. 89 Posts.
    lightbulb Created with Sketch. 67
    You can always buy back in if the fundamentals start to look good, and you believe it is going to go past the "cheaper tomorrow". Most people here went well past their rational stop-loss number on the belief in the projects, which is now a 40% minority stake. On a personal basis I will reassess that from time to time, and may consider on the basis of what I think that 40% will dilute to in the next round of capital raising and whether share of sales and upside will be spread evenly over the stakeholders. If the price reaches a value that has effectively priced that next round of action in and we see a few examples of Mr Ching's influence and his interaction in particularly with Dr Olivier and Dr Kirby, as the now primary drivers of the project and company with actual experience, then who knows. I think once the dust has settled there is a conversation there that will help many people assess whats going on. Maybe the other directors will see the writing on the confidence wall and drop out for the benefit of a viable vehicle to go forward. The next round of capital raising is prime and quite frankly I don't know the other fellows are going to bring food to the table.


    Now as a ruby thread, there is no secret that I have a position in Fura and increase and decrease as I see the market moving. It's nice to see their material in Bangkok and it remains something that I am interested in as they push forward. It is of interest seeing them with better quality material in balance to commercial goods, but frankly at the present moment in the market commercial would be just fine. At just a slight bit of interest, I will look at their recovered goods over time and relate them back to the Mustang story.

 
watchlist Created with Sketch. Add G79 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.