G79 0.00% 2.7¢ goldoz limited

Word from AGM attendees?, page-435

  1. 68 Posts.
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    Greetings @Larkin, an interesting analysis. We obviously have a number of scenarios which we in MHO have to add to the list to help explain the discrepancy.
    1. We have 300 supermen
    2. We were told that the guys were working round the clock flat out so this would take some quantity into account.
    3. The artisanals have got a lot of mates and family members so this swells our workforce is now 300+1000 give or take a few.
    4  The artisanals had fairly large cookie jars at home
    5. Look at some of the photos and I have recollection that Cobus did say there were primaries included means they more than likely didn't come from MUS leases because we have in the past been told that primary deposits were not as yet known on MUS leases.
    6. Was the company actually concerned as to where the material was sourced. The company was really only concerned (it appears by geo supervision) that he on lease stones were not removed from jigs and sample bags. Just have to hope the samples weren't seeded to give false info.
    7. Off lease the miners don't necessarily process all gravel but rather shallow pit and follow gravel bed. (again photo and video)
    8. Some areas particularly if overburden is removed is a simple pickup (again photo and video from GEM and our friend V)
    9. We were told that the AM don't always initially accept the companies offer price and try to gain a better price on the 'black market', CV said they almost always return to MUS do they return with extra material for sale.
    10. What were the AM's doing in the period awaiting the CR revenue injection for there payment
    11. The company has taken the direction of using AM and purchasing there material rather than processing through the plant, at a cheaper rate short circuiting the 'black market' and security problems. The AM's have probably also taken this track and buy from their mates and resell to MUS
    12. the company was only interested in increasing the inventory so where the stones came from was not of concern.

    We can probably throw in a few more scenarios, but take some of the above and it may go in part to explaining some of the discrepancy. The whole 'ruby business' appears to be submerged in the 'murkiness' of secrecy so we probably will never know. All that seems to matter is ruby material appears and is hopefully sold to someone for something. As a public company we get some feedback on the final 'something'. Lets just hope the final 'something' will see MUS as a profitable company some time in the future.
    As always IMO and DYOR
 
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