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0.6¢ merlin diamonds limited

I think it's quite possible that it will bring further...

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vinco123

52 Posts.

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10/01/18

11:31

Post #: 30187472
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Originally posted by Ueberbruce ↑

While coloured diamonds are in great demand, the market is not so transparent. Very few fancy coloured diamonds are auctioned at famous auction houses and most of them are sold privately. This doesn’t give too much of a window for investors to study the prices. Also, the supply is not as prolific as colourless diamonds. Rio Tinto’s Argyle produces about 90% of these coloured diamonds and the ambiguity surrounding the mine’s future, have made these diamonds even more priceless.
Will the announced closure of Argyll this year bring further opportunities for Merlin Diamonds ?

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I think it's quite possible that it will bring further opportunities for MERLIN If some good stones are found then I wouldn't be surprised if Diamond Joe makes a tilt at the Argyll assets he is an experienced mine developer and it's well in his realm to conbine Argyle and MERLIN To form Australia's biggest diamond company if the opportunity presents itself

MED Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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