Evening all, Another slow day. Good to see we had a bounce off...

Evening all,

Another slow day.

Good to see we had a bounce off the 3.9/4.0c and a positive run in the afternoon (albeit soft close) - quite a big range for MUS today in general trade. So it would seem that there is a bit of last minute loss taking, but similarly some strength too.

I didn't expect any news today for graphite as it would have to have been received over the weekend to report today, but I suspect we might see something in the next day or two.

It would be horrible to be caught out of the market if we have a run on the back of news. I also doubt we're a chance of hitting 25c before 30/6 so MUS can release info from here out without too much risk - that doesn't mean we can't hit 6-10c quickly though.

Also thinking on the GEM takevoer, my guess is that both bidders wouldn't be looking at us yet as they're still caught up in their own games. Once the dust settles they might (and we could get some random action) but the longer this keeps them busy, the better IMO. Any takeover approach (if and when it comes) might also be from both companies too - you can't underestimate the possibility of a bidding war if either party were to make an approach - now, that might get interesting.

In any event October grinds closer, like the slow burn of a super-villain's death ray.

Cheers,
Capt Amazing