MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Gold intersected at Numbers Prospect, Cue Gold Project, WA, page-6

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  1. 275 Posts.
    lightbulb Created with Sketch. 10
    It made sense before 30 June if someone was just doing some EOFY cleaning up.. but this just smacks of mindless broker activity or someone who really really needs cash - but with the market up, it couldn't be a margin call.

    The only other alternative is they have inside knowledge - but for what..? One poor assay isn't worth this as the recent news has been stellar (funding complete and cashed up, plus a clear path to production/cash flow). Then again, I also hold DCN and they had a 93 metres @ 3.1g/t and the share price is up a measly 2% (saying that, it is a producer so different metrics, but it still shows that perhaps gold stocks are a little on the nose despite a stellar AUD gold price and mining costs are a long way down from when gold was at its USD peak).

    Ideas / Discussion?
 
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