Can expect some shareholders to sell their Musgrave shares to pay for their SPP entitlement so pressure on the share price for the next few weeks. Could be a Patersons Research note out shortly to support the SPP and that could give us a few more insights into the value and potential of the Cue Prospect. Musgrave also intends to divest non core assets so be interesting to see what they are, Fraser Range perhaps. Looks like all the focus going forward will be on the Murchison region. Further encouraging results from upcoming drilling program commencing end July should see Musgrave on the move again.
MGV Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
