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2.74%

35.5¢ musgrave minerals limited

Ann: Break of Day Delivers More High-Grade Hits, page-7

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estate09

5,175 Posts.

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09/03/18

11:24

Post #: 31643453
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Originally posted by eshmun ↑

Bit of quite buying volume lately. Stock hasn't attracted many retailers and when it does it just frustrates them out of their holdings. I'm slowly falling out of love with it myself but I'll give them more time to see if they can expand the resource, find some new deposits and come up with some sort of a mining plan. Exercising their pre-emptive rights to get to 100% showed that management aren't playing around here. If we can build on the current asset/resource base, 100% is certainly a strong position to be in. I'm just not happy with the patchiness of the drilling at BOD, the deposit needs to deliver a lot more outside of the current resource envelop. We are waiting on a couple diamond holes which might make some difference with any luck.Esh

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Esh
They appear to be losing the punters on this one. They need something as a big seller has been tipping out their holdings over the last while. Surprised we have not seen a change substantial shareholders notice.
Maybe with Westgold freeing up cash selling their Kal operations they may look to for extra feed sources around Cue!

MGV Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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