G79 (ASX) Mustang (MUS) Multi-bagger

Originally posted by wombat777 ↑

Let's get this thread back on track with your predications for the Share Price:

Close of trade - 8 September?

Close of trade - 29 September?

Close of trade - 13 October?

Close of trade - 27 October?

IMO:

8 September - 10c - dust will have settled following the General Meeting. We'll have a better understanding of finance, although at this stage it is pretty clear from the report yesterday (see this post by @Megane) that the intent is only to use 2 tranches. Certainly won't need more tranches with a good auction result.

29 September - 15c - after some slow gains over the previous weeks there may still be concerns about whether notes will be converted. Making some assumptions here that notes might be converted early October. We should have more news on inventory progress. By the stage the JORC for the maiden graphite should be available. Might see some slight dips from highs of around 15c.

13 October - Starting to edge beyond 15c. There will be more certainty around actions of the financier in converting, however if on them basis of viewing MUS as a short to medium term investment ( they did have the pre-eminent Mozambique Ruby expert Vincent Pardieu do their due diligence ) the financier may hold back on converting.

27 October - With revenue/cashflow now only 4 days away we should see the share price approaching 20c+. This is on the logic that it hit 11c associated with the "special stones" saga however the revenue from an auction of 200,000 carats with the consistently high quality being extracted from Mugloto will dwarf revenue from selling just 4 or 5 special stones.

That's my current view anyway.

From 31 October it's the sentiment following the auction result that will be the main driver for further movement in price. A Maiden JORC for the rubies and the March auction will then further derisk the project. I'm of the opinion we'll get a better per-carat result for the second auction due to the focus on the sample pits in the Mugloto deposit, i.e. qualitity distribution for all of the march auction inventory will match that we have been seeing in the last two months. We may see a reduction in the production target - even though stockpiling is occuring, the wet-season could impact production rates in terms of tonnes of ore processed per day.

Discuss!

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My favorite SP estimate for 2017 is by Ronaldo3123 (Post #23986413; 10 april 2017):

MUS.AX will be close to $1, on 31 DEC 2017