Sorry, but it's very reasonable to lay blame on the management. Mustang had the second mover advantage. They had ex-Gemfields staff and consultants on their team. We had no deep insight into the auction process other than observation of the Gemfields process. We were told there would be a grading system and grading would be in two stages, initially at the mine and then at the auction location. That critical step was very poorly executed.
MUS Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
