MGV 2.74% 35.5¢ musgrave minerals limited

While the number of shares sold recently bears a strong...

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  1. 321 Posts.
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    While the number of shares sold recently bears a strong resemblance to the shares that came out of escrow and yes I believe SLR may have just dumped them on the market tho that needs to be checked with RW, I don't believe SLR would get an early look at assay results. Might be naive but as far as I know nobody has much idea what the RC and or diamond rill results are until they come back from the Laboratory. It would constitute insider trading should SLR be buying MGV paper on information that had not been released to the market.

    Musgrave appears to have a commercial deposit at Break of Day with current drilling to help determine how big it is. Positive results from BoD south and Leviticus would be a huge bonus as it opens up the potential for additional finds along the shear zone. They will be the first results to be released and that should be next week some time.

    The poor price of gold obviously not helping a junior like Musgrave but I am inclined to think when the dust settles and Trump demonstrates just what a clever showman he really is and how his backtrackjing on so many pre-election promises is dudding his supporters there will come a sharp reality check that could see the present euphoria over infrastructure investment and deregulation dissipate. Either that or Italy's brexit vote this weekend and the Fed Reserve raising interest rates on 14 December could be a rude awakening for markets.

    Incidentally the OPEC decision is a CLayton's Agreement the sort of agreement you have when you are not having an agreement. A huge joke that has hoodwinked just about everybody!! The cuts will never be put into practice.
 
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