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2.7¢ goldoz limited

Share Price in leadup to Auction, page-404

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5,272 Posts.

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05/10/17

13:57

Post #: 27684198
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Originally posted by Davisite ↑

The CN note was the best that CJ could organise given the limitations he had to work with after the change in direction. In hindsight he probably wishes he had not scaled back the Feb CR, but at the time there was not the need for the extra cash since they were planning on selling directly to customers in the USA. Once the change in direction came through and the crash in the SP occurred there was not much alternative.

I don’t remember too much enthusiasm here for a CR back in June/July. Does anyone think MUS could have raised $5 million on market back then at anything other than giveaway prices?

I personally blame the SI’s for this whole issue since their lack of support (look at the price MUS had to raise at back in 2016) basically forced CJ into the high risk direct sales model. MUS really should have followed exactly the same path as GEM (explore for a few years and then have an auction), but without shareholder support (no US$30 million for MUS upfront) this was not possible.

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100% correct.

MUS Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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