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0.6¢ merlin diamonds limited

All of this sounds great in theory...But Axis posted a loss in...

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jacksp

50 Posts.

9

11/04/19

09:22

Post #: 38091321
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Originally posted by Mercury9: ↑

The resource at MERLIN is worth the investment.

I don't have a problem with JG or MG being directors ...... but to restore confidence the AXIS loan needs to be repaid to MED.

Compared to the potential earnings this company can make, the AXIS loan is a distraction.

Wet season is over .... in order to fulfil it's employment contracts with staff; cashflow; and debt repayments .... I expect an announcement soon to inform us that production has restarted with the stockpiled material. DIAMONDS ARE FOREVER. They are not going away.

When mining restarts will see the AXIS loan repaid. So I don't mind an arrangement for AXIS for their loan repayment.

NO mining = NO company

If mining restarts, and arrangements are made for AXIS repayment I will put more money into MED.

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All of this sounds great in theory...But Axis posted a loss in the same financial year that they received $14 million from MED. Where is this money supposed to come from?

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

0 Great analysis

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