MUS had spruiked these stones and references were made to other...

MUS had spruiked these stones and references were made to other big stones that had been sold for up to $40,000/carat. This led Mr Market to expect that they were very valuable . Now that the company wont release details of cut & GIA quality , Mr Market is skeptical.

I guess the big short term issue is liquidity and the spectre of another CR. Only an announcement of a loan or revenue from pre-sales will allay that fear.

the medium term issue is profitability:
-will the October auction render MUS cashflow positive?
-will the rubies be auctioned without reserves? ( I note that GEM have reserves)
-will there be cartel buying strategies at play at the auction?

The above RRS weekly wrap report is the first glimmer of hope for retail shareholders since last Friday.