The Argyle mine is slated to cease operations within the next 3 years.
Lets not forget that in the last 12 months Merlin has found, pink, blue & green diamonds.
With the closing of rights issue tomorrow, I am expecting am expecting a very large shortfall.
It will be interesting to see IF & to who the Company manages to place the shortfall.
With the Tomra machine commencing production within the next few weeks, with a bit of luck we should have very exciting times ahead.
MED Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held