Australian (ASX) Stock Market Forum

System

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On March 6th, 2015, OGI Group Ltd (OGI) changed its name and ASX code to Mustang Resources Limited (MUS).
 
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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
 

greggles

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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.
 
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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.
 

System

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On October 16th, 2018, Mustang Resources Limited (MUS) changed its name and ASX code to New Energy Minerals Limited (NXE).
 

System

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On September 10th, 2021, New Energy Minerals Limited (NXE) changed its name and ASX code to Goldoz Limited (G79).
 
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