DTLP - I have been tossing and turning on this question. What happened to the diamonds and have any been sold? We do know of one sale (13.27 cts white diamond US$157,800 - reported 2 Oct 2017). But this amount or any other income has not shown up on a cashflow report to date. But I recently noticed on another companies quarterly (AEV - Avenira Resources) that they showed no 'Receipts from Customers' but under Development costs had a reference note that said ' includes income from shipments'.
In other words they have just offset income against an expense - but the question is why do this? Obviously there is something in the reporting requirements that allows a company to do this. My only thought is that a company could argue it commercially sensitive, not sure how?
So I am thinking they could have sold all the diamonds (+4,500 cts), and just not shown this under 'Receipts from Customers' and whatever has been received has been expensed?
MED Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
