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0.6¢ merlin diamonds limited

Major re-rating of Merlin about to commence., page-46

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7 Posts.

24/05/18

23:02

Post #: 33299749
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Originally posted by Oscar11 ↑

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?

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yes....very possible

MED Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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