Sorry Pentacost but what does this have to do with the Merlin...

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01/02/19

11:28

Post #: 37297216
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Originally posted by pentacost: ↑

ASX Announcement 1 February 2019LULO DIAMONDS SELL FOR A$22.9M IN HISTORIC TENDER- Inaugural competitive tender of Lulo diamonds under Angola’s new diamond marketingpolicy delivers exceptional average price of US$33,530 per caratLucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”), Empresa Nacional deDiamantes E.P. (“Endiama”), Rosas & Petalas, the Ministry of Petroleum and Natural Resources andSodiam (state diamond marketing company), are pleased to announce the outcome of the firsthistoric sale of exceptional diamonds under Angola’s new diamond marketing policy.The seven large and top-quality diamonds weighing 498 carats from the Lulo alluvial mine that wereoffered for sale via electronic tender organised by Sodiam in Luanda achieved a total sales price ofUS$16.7 million (A$22.9 million), representing an average price of US$33,530 per carat.The exceptional sale prices achieved for the Lulo diamonds reflected the highly-competitive biddingfrom leading international diamantaires and large stone manufacturers from eight countries thatparticipated in the tender.

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Sorry Pentacost but what does this have to do with the Merlin quarterly?
Are you suggesting people get Lucapa shares?
You are comparing a well run company with a team of highly regarded technical people (some of which were previously with Merlin!) that has multiple mining/exploration tenements compared to a company that hasn't managed to get a mine running in nearly a decade!

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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Sorry Pentacost but what does this have to do with the Merlin...

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