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2.74%

35.5¢ musgrave minerals limited

Agreed Jamie, the market simply does not like MGV. Any SP action...

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estate09

5,175 Posts.

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18/09/17

13:01

Post #: 27288372
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Originally posted by jamieparklondon ↑

Hi Esh sorry about the above non post! The observation that the new discovery doesn't look to have potential up dip is mine not that of the company. The latter's view is that the updip holes were not aligned with the MORC084 hole which you could interpret suggests there may still be updip potential. But RW hopes to get the rig back out into the field ASAP to see what lies down plunge/dip below 084. I think they are really excited (an overworked word I know) about the potential of the new shoot to add significant reserves to BoD.

Remaining assay results will almost certainly be out this week. My worry is that in a market that already shows no interest in Musgrave, NSIs will drop the share price back to 5.0 cents. Also wonder why Ramelous would buy a mature mine like Edna May and not be interested in a developing deposit like Bod and Lena given the CUE deposits are in RMS' backyard.

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Agreed Jamie, the market simply does not like MGV. Any SP action is simply driven by the existing retail investors, so without a surprise drill result, it will return to the slow grind of drill and report, drill and report.
I am not sure what they can do but I do not believe Patterson's is the answer.

MGV Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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