MED 0.00% 0.6¢ merlin diamonds limited

Aside from the current debacle and the 2013 Blumont debacle, the...

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  1. 284 Posts.
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    Aside from the current debacle and the 2013 Blumont debacle, the current management have been in charge for nine years, they have taken the share price from around $1 to less than a cent, raised $60 mill with little to show for it.

    They attempted to start up in 2010 and failed and again in 2012/13, 2016/17 and the current year has produced 2,000 odd carats.

    How much info do you need before you say let's get someone else in charge!

    In my opinion they do not have the technical competence to run a diamond mine, little own selling the goods.

    You say AXIS is just a contractor, having seen them off load many quality contractors over the years, why would you keep AXIS going with the above track record.

    I hope Merlin works, but far more likely with a competent management team.

 
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Currently unlisted public company.

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