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2.7¢ goldoz limited

How so? Its auction by tender. What one person is willing to pay...

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Mactrix

510 Posts.

13

30/10/17

14:47

Post #: 28315629
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Originally posted by ainsleym ↑

Yes, but you you do not address the fundamental issue which is that the auction attendees have more than an inkling as to the value of the rubies, they had this knowledge over the weekend on sighting and evaluating themselves the stones, so whilst the final auction figure may not be known for another 24 hours, the fact they have had the opportunity to value the product gives them privileged info before market open today. A TH should have been requested by MUS late last week to avoid this scenario developing or at least called for a TH prior market open today given a lot of people at the auction would already have a good idea of the outcome value. Its a bit of a grey area I appreciate with auctions as to how to manage the information flow

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How so? Its auction by tender. What one person is willing to pay may be 80% lower than the next person and you will never know.

MUS Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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