MED 0.00% 0.6¢ merlin diamonds limited

Turnaround has Commenced ?, page-15

  1. 236 Posts.
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    That crossed my mind as well. Not sure what kind of message that sends though - generating income from diamond sales but also issuing the CR. Two scenarios that came to mind:

    1. Diamonds didn't sell very well - wasn't enough to cover the XRT and other costs, hence the CR = Not great news in terms of the value of recent diamond production.

    2. Diamonds sold well - why did the company need to raise additional funds? = Suspicious shareholders.

    Maybe it was just came down to timing, who knows.
 
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