MED 0.00% 0.6¢ merlin diamonds limited

Our New Scrubber, page-17

  1. 4,583 Posts.
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    Hi kpt3891


    I don't understand what you mean when you state that ASX are powerless when it comes to any action regarding the AXIS loan.


    Suspension is what ASX has the power to do. They have exercised that power by continuing the original suspension. Moreover when ASX gave some explanation on 2nd November it explicitly had at the fore the auditors' unhappiness over the loan to AXIS.


    I also want to clarify what you mean by your opinion that the "suspension is purely being used now as a ploy to buy time until mining updates can be made closer to the end of wet season IMO." If by that you mean that MED is deliberately prolonging the suspension then all I can say is that such behaviour would be unethical in a publicly listed company, whose justification for being listed is the selling and buying of its shares in bad times and in good. 



 
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