MED 0.00% 0.6¢ merlin diamonds limited

Would have thought 4 years of production producing 500,000...

  1. 284 Posts.
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    Would have thought 4 years of production producing 500,000 carats is a little more than scratching the surface.

    The "green" diamonds are highly likely not true greens just a surface skin caused by irradiation, they sent them for testing over two years ago - no results given. A few tiny pale pink diamonds and a blue don't qualify as being a coloured diamond producer.

    The mine has produced nice stones in the past but they are primarily white or brown, nothing wrong with that!

    And it doesn't matter what the market is like if you don't have anything to sell!

 
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Currently unlisted public company.

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