Australian (ASX) Stock Market Forum

On March 6th, 2015, OGI Group Ltd (OGI) changed its name and ASX code to Mustang Resources Limited (MUS).
 
After today's price dump, I assume the recent week-end ruby tender in Mauritius didn't go well?

I applaud the ASX suspension until further information is provided by the company.
mus3010.PNG
 
Ouch! The MUS share price has collapsed today after its reinstatement to official quotation this morning. Currently down 56.19% to 4.6c. What a rollercoaster ride it has been over the last few months. Unfortunately, it has not ended well. A great trading opportunity for those who took a position during July or August but disaster for those who bought in during the last couple of weeks.
 
MUS only sold 29K of their 400K inventory (7%) at the sale for measly $713K.

Traders expectations were irrationally exuberant as usual. Another example of buy the rumour but sell before the facts are known.
 
On October 16th, 2018, Mustang Resources Limited (MUS) changed its name and ASX code to New Energy Minerals Limited (NXE).
 
On September 10th, 2021, New Energy Minerals Limited (NXE) changed its name and ASX code to Goldoz Limited (G79).
 
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