Mustang replies to email

This is an email I received from Mustang this morning at 9.58am I have no doubt others will receive reply's as well.


Hi there John,

Thank you for your email.

You are 100% correct we are currently still in the midst of our process to assess the detailed info from the 1st tender last week with the view of then providing our shareholders with more details on the action plan to improve the business. This was only our 1st ruby tender and a lot was learned from the process. We are driven to make the required improvements prior to the next tender. Fundamentals of the Montepuez ruby-field and the strong global demand for rubies still remains. Mustang still remains as one of only a few companies in this space, which come with challenges yes but ones which can be overcome.  

Regards,


Christiaan Jordaan Managing Director