Let me get this straight,
Mustang have a large portion of rubies at the auction that look like this:
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and this:
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and a few large beauties that look like this:
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Yet we now have a website that is supposedly leaking some buyer feedback (prior to auction results) which give us a single photo of the below and tell us the entire inventory will basically be lucky to sell for $500,000, yet that 14.24ct ruby may end up fetching over that itself(not to mention the couple of other similar rubies Mustang has in it's inventory), so are we to expect that every ruby in the first couple of pictures is not wanted?...gimme a bloody break
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What's just as sad is the couple of resident downrampers already giving themselves numerous pats on the back based on this totally disingenuous article, now who's desperate and clutching at straws here? and the one or two holders who have reached fever pitch based on this article with an obvious agenda need to just walk away from the computer and have a good long look from the sidelines while they attempt to remove any emotions before posting again.
As I've said prior, before this pathetic article with an obvious agenda came to fruition, we absolutely need to be in a trading halt until post auction results announced, and I stick by that even more now, I advise all holders to contact management and/or the ASX to ensure this happens.
I know Vincent has said some buyers are disappointed, but you can rest assured some buyers at the Gemfields auctions walk away 'disappointed' too. I'm not saying we will definitely hit the $30m+(USD) figure, or that the entire inventory is priceless, but this is the first auction(and an obvious learning experience for all involved) with another auction planned in just over a few months time and with growth thereafter the Mustang story is far from over even if they only pull in around $10m(AUD).
As others have pointed out Mustang just got around $2.4m from converted options, so even the worst case scenario present nothing dire. For now just keep your eyes feasted on those first 3 pics and see if you think they're worth a truck load more than that ridiculously biased article tries to suggest.
