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G79 goldoz limited

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Davisite

19,980 Posts.

7330

14/10/17

11:33

Post #: 27903570
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Originally posted by ekismal ↑

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.

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Yes there is a very real risk of a takeover going forward - the money to be made from tightening up the ruby market and “De Beering” it is massive. At some point one of the big boys will notice MUS (Pallinghurst is the obvious candidate).

MUS Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ruby Fever, page-7

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