first thing to understand is the stock is vulnerable right now so be careful what you ready....and remember everyone has agenda on here some honest some not!
You need to ask yourself two questions.
Are you interested in a stock that's looking for gems that has potential but may or may not be worth a fortune?
Are you looking for a stock that has found graphite indicating potential of tier one graphite resource with large and jumbo flakes and maiden jorc completed and about to be announced?
if the answer is yes to both of those then 4c is a buy IMO!
Points to consider!
Management said some things based on hope and underestimated the situation and the complexity of the ruby market......doesn't mean the rubies are worthless!
The mistakes made by management still need to be addressed...but it's only been two days trading!
Two outcomes for rubies IMO!
Rubies need regrading more specifically to meet buyers need and more mining needs to continue to add to specific grades.
The rubies arent meeting buyers standards
and more exploring and mining strategy needs to change to make this happen!
In a nut she'll the auction sold rubies ranging from $6 a carat to $2000 a carat....but only sold 25k carats out of 405k carats....the reasons are all speculation atm....waiting for answers!
The answers will either be good and the stock will surge IMO followed by a quality graphite jorc.
Or a lack of explanation and everything stays up in the air and it's anyone's guess.
All IMO
MUS Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held