I doubt that you will be seeing any further CR by the company. They have sufficient diamonds in stock that can be sold to satisfy short term cash flow needs.
I hope you are right about the coloured diamonds or a very large white gem quality stone but I will be satisfied with a simple "Mining Update" stating some or all of the following:
We are currently processing fresh ore from ... pit (s)
-production is currently running at or above historical level for relevant pipe at xxx cts per ht
-the plant is producing daily, gem quality, colored stones in varying sizes & quantities etc
- we have made sufficient sales of diamonds overseas to cover our immediate cash requirements
- we are expecting new scrubber from China to arrive ..... which will enable production to increase by xxx %
- we are setting up our sales office in Antwerp...
I believe that the increase in price and volume is an indication that things are picking up out at the field and hopefully the market will hear soon enough about any turnaround.
In the next day or two we should get thru the 0.8c level and then the company should get an ASX price query.
MED Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
