MED 0.00% 0.6¢ merlin diamonds limited

Excitement in the Air, page-14

  1. 324 Posts.
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    Co. has raised sufficient from Antwerp sales to cover cost of Tomra machine.
    They have held on to part of diamond stock due to not meeting reserve price.
    I do not believe that there will be a CR until the first few thousand tonnes of kimberlite material goes through the Tomra by beginning of November.

    Depending on positive results from above I would expect to conservatively see the share price @ 1.5c+ which would allow them to put away a small CR ($2 mill) at 1.2c+. Additional funds will come from future diamond sales.

    I would like to know more details from Antwerp tender. How many cts of polished & rough stones were actually sold by the tender process.
    I would also like to know whatever happened to the 3,500 mt drilling program which was meant to test 40 priority targets. If program was delayed due to lack of funds, shareholders should be entitled to know. Likewise if drilling program was completed but samples were unable to be assayed due to lack of funds .....
 
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