Mithril is a shareholder in Musgrave Minerals Limited (“Musgrave” - ASX: MGV) with 5.46 million shares and 2.5 million options. Mithril vended tenements into Musgrave as part of their successful IPO that was completed on April 29th 2011.
During the Quarter, Mithril sold 3.71 million Musgrave shares ($118,247 before brokerage costs) to support its ongoing working capital requirements.
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Those shares sold repesented an average of 3.2c a share
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The balance of their holding was sold even cheaper than that average I believe
MGV Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held