Ruby Fever, page-3

I agree with all you say here @Davisite except on your second point, sadly I can not see Mustang existing in its current form in two years time, it is too much of a takeover target. Our neighbour Pallinghurst has a Net Asset Value of US$363m and would view Mustang as a very desirable asset to add to their portfolio and incorporate into the Gemfields operation. I am surprised that we have not already seen any sign yet that they are taking substantial holdings in Mustang to get onto the board in preparation for takeover.