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0.6¢ merlin diamonds limited

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129 Posts.

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22/08/18

17:05

Post #: 35101862
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Originally posted by kpt3891 ↑

Hotcopper advertising has caused over reaction by market that CR is imminent. Company has enough cash to cover the current quarter and will most likely get another $2 million financing facility which could see it out to year end without the need for raising. During this time the company will be churning through upwards of 100 tonne / hour of ore from diamond rich pits.

At this stage of the game there are bound to be some big games played while positions are taken before production really takes off. There are either diamonds in the ground or not. Ignore any short term noise and hold... once diamond sales are confirmed and announced on a more regular basis this will have no where to go but up.

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Interesting response to hotcopper advertisement. May be it is sean bit repetitive and market is expecting bit concrete info. Like diamond sale...

MED Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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