MED 0.00% 0.6¢ merlin diamonds limited

Ann: Second Quarter Activities and Cashflow Report, page-16

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 284 Posts.
    lightbulb Created with Sketch. 33
    Diamond market is only strong in certain sections (Large, Fancy Colours) overall the market is well below the peak of 2011 and has been fairly flat for the last four years with smalls and brown goods fairing worse. Merlin have had two sales in the last couple of years without releasing full results and not all goods selling (doesn't sound great).
    Merlin has predominantly small brown and white diamonds with a few nice very white large and very few fancy colours (yellow).
    They have never to my knowledge had a significant blue, pink or green sold. They also have never verified the "green" stones they reportedly sent for expert examination.
 
watchlist Created with Sketch. Add MED (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.