Australia's largest stock trading and investment forum Australia's #1 stock forum

G79

Click for more information

0.00%

2.7¢ goldoz limited

It doesn't matter how good the resource is now, Mustangs most...

First 169 Last

Share
Profile

Follow
joey72

644 Posts.

30

01/05/17

20:49

Post #: 24393768
Share

Originally posted by Black Dragon ↑

It is a shame that MUS management did not have enough experience or awareness about the improbability of cutting really top class rubies at such an early production stage. Stones like the Gaff are really rare and to expect MUS to attain that so early was foolish. Even I was optimistic then thought Da! why did not I not predict that obvious issue before. The polished stones (remember they were at that stage recently and it takes only a few hours to complete polishing after cutting - not days or weeks) must have been not as good as hoped. They should have cut and polished some surface windows and had them checked out for flaws and colour before making any statements to ASX.

That does not mean MUS lacks a good mine and it will most likely be similar to GEM as it's part of the same geological event. In that case it should be a very valuable asset that should boost the share price a lot in due course but what a dumb mistake to make.

Expand

It doesn't matter how good the resource is now, Mustangs most valuable asset, going into the future will be "transparency".

MUS Price at posting: 4.2¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MCT

Metalicity looking for offers on Admiral Bay zinc project

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Talking Australia's very competitive property landscape: Realty Talks

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

AI stocks: What to expect in 2024-25

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

There are more pages in this discussion • 134 more messages in this thread...

First 169 Last

Add G79 (ASX) to my watchlist