NAD
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0.00% 16.5¢ north australian diamonds ltd

win win situation

  1. cinooo
    74 Posts.
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    23/02/10
    23:41
    Post #: 6368082
    WIN WIN SITUATION – MERLIN MINE
    if my memory serves me right, (pls correct me if I am wrong), there is a clause in purchase of merlin mine, that if its diamonds sales proves beyond $1B, that Rio has the right to buy back the mine by paying extra 3 times the money that NAD had spent, and , further NAD will retain 49% free carrier of interest. with this clause in mind, NAD is surely on a win-win situation in its future development. on latest increase in diamond reserve to 6M carats, definitely more upgrade to come,NAD is now holding a 100% triumph card. I guess this might be the reason GJ keeps on buying in market, as well as other big boys too!
    NAD Price at posting: $1.00 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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