...the Directors note that since balance date the Company has raised funds through the issue of convertible notes, has received the proceeds from the sale of part of the diamond stock and the proceeds from the sale of further diamonds are expected to be received shortly, the Company has capacity under ASX Listing Rules to raise further funds through the placement of securities, mining operations are expected to resume shortly following the installation of the Tomra machine which will see recovery of diamonds promptly which will be able to be sold on world markets.
MED Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
