on the way up, page-8

This one has me completely baffled

Joe Owns over 50% of a unprofitable diamond mine
I thought he could have been looking for a cheap back door entry into a listed ASX company at first.

I have watched the share register increase from 630 mill to over a billion shares on issue

the share price was around .03 then dived to low .001 before the takeover offer of .015

now .06 for no change in anything............

Merlin has always been unprofitable, it was set up by CRA (yes CRA not RIO) as a test case
A few diamonds have been extracted but nothing near profitablity
NAD spun off all the Arnham land country and kept the money and 25% and TEU have not moved one cent in this whole episode
Its got me beat... but the share price keeps going up

Not for me this one too fishy

Ntfox