MED 0.00% 0.6¢ merlin diamonds limited

Rare Coloured Diamonds

  1. 324 Posts.
    lightbulb Created with Sketch. 43
    Very interesting read & recording of the recent Argyle diamond tender.

    http://www.abc.net.au/news/rural/20...records-at-argyle-pink-diamond-tender/9185880

    The Argyle mine is slated to cease operations within the next 3 years.

    Lets not forget that in the last 12 months Merlin has found, pink, blue & green diamonds.

    With the closing of rights issue tomorrow, I am expecting am expecting a very large shortfall.
    It will be interesting to see IF  & to who  the Company manages to place the shortfall.

    With the Tomra machine commencing production within the next few weeks, with a bit of luck we should have very exciting times ahead.
 
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Currently unlisted public company.

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