MED 0.00% 0.6¢ merlin diamonds limited

Ann: Quarterly Activities Report, page-6

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  1. 2,082 Posts.
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    Interesting  they finally put diamond sales as revenue this quarter. Wonder why? ...n

    a more thorough update on operations would have been time better spent.

    current mc of 19.8 million. So if med were to consolidate 10 to 1 would mean 6c sp with 330mill shares on issue. If med were to mine and sell diamonds often and increasing diamond inventory then sp looks quite cheap. Maybe they want us retail investors to sell out of this incompetent running of the business knowing the future is bright and australia largest diamond mine in 2020... 1year2 months away... as a speculative opinion and view

 
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Currently unlisted public company.

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