Australia's largest stock trading and investment forum Australia's #1 stock forum

MED

Click for more information

0.00%

0.6¢ merlin diamonds limited

paid advertisiment, page-24

First 24 Last

Share
Profile

Follow
Mac.k

129 Posts.

2

22/08/18

17:05

Post #: 35101862
Share

Originally posted by kpt3891 ↑

Hotcopper advertising has caused over reaction by market that CR is imminent. Company has enough cash to cover the current quarter and will most likely get another $2 million financing facility which could see it out to year end without the need for raising. During this time the company will be churning through upwards of 100 tonne / hour of ore from diamond rich pits.

At this stage of the game there are bound to be some big games played while positions are taken before production really takes off. There are either diamonds in the ground or not. Ignore any short term noise and hold... once diamond sales are confirmed and announced on a more regular basis this will have no where to go but up.

Expand

Interesting response to hotcopper advertisement. May be it is sean bit repetitive and market is expecting bit concrete info. Like diamond sale...

MED Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 12 more messages in this thread...

First 24 Last

Add MED (ASX) to my watchlist