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0.6¢ merlin diamonds limited

Just thought I would bump this thread. Missing Two Large White...

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Cridz

981 Posts.

253

02/04/20

22:38

Post #: 43851339
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Originally posted by Mac.k: ↑

Hey guys, I am very positive on Med given company has ramped up it activities multifolds recently.

1. Use of Tomra CRT that has speeded up 50 tph 40 mm raw materials processing.
2. Approval of MMP by NT government for 5 pits
3. Discovery of 32 pink diamonds in jul weighing nearly 7 carats giving big hope of diamonds availablility in the area
4. Discovery of large white diamonds 18 and 9 carats from one of the new pit.
5. Rusca Bros partners has commenced the operations to dig new ore.
6. New scrubber from China is due in Sep that will increase processing to
100 tph.
7. Planned installation of new DMS module from South Africa in next Jan/feb
8. Capital partner report assessed the SP going north to 6 cents by Dec with revenue forecast more than $60 m.

Where is the doubt? Am I missing something?

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Just thought I would bump this thread. Missing Two Large White Diamonds!
There are some interesting announcements and discussions over the last couple of years, hard to know what to believe from some of the management announcements, were they just stringing everyone along? This post from Mac.K sums up things pretty well!

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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