I didn't buy or sell today because I'm topped on this one.
I'm not concerned in the slightest as tomorrow and/or day after, we shall have the results of the tender.
Of all the Spec's I play with, MUS will be one of a few that will have cashflow.
We can then all revise our assessments up or down based on these results.
For those who have entered as of late, Don't stress too much, it will bounce back very soon and find its true level. (Hope you held your nerve and didn't sell today.)
As I've said in previous posts, you really need to go long on this one. MUS will be cashflow positive on an annual basis, they will be making money. Ruby's have a price, every Ruby, good or bad - we shall know what these prices are after tomorrow and MUS can move forward in an educated manner from here on in.
They can target, plan and budget based on these initial results and in the "long" run we as shareholders will benefit from our initial tender.
Even those stones that looked like road gravel are worth something.
We probably only offered a bag full of these and they may have been snapped up for some $'s.
We might have tonnes of these and they might be a reasonable earner.
The same can be said for all the grades of stones we have - we will now know.
I'm sure that management had a reasonable idea of what the tender was going to achieve, but now they will know for sure.
MUS can now plan on how they move forward from here.
GLTA and go long with MUS
MUS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held