MED - Merlin Diamonds

• 7 December 2012

• #1

System

Joined

27 June 2010

Posts

4,324

Reactions

367

Merlin Diamonds Limited (MED) was formerly known as North Australian Diamonds Ltd (NAD).

Previous discussion of this company can be found in the NAD thread: https://www.aussiestockforums.com/forums/showthread.php?t=1959

 

• 30 November 2016

• #2

pixel

DIY Trader

Joined

3 February 2010

Posts

5,359

Reactions

346

Merlin's spell didn't save Joe Gutnick from bankruptcy.
Will his brother Mordechai get luckier?
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01807961

The chart does look interesting, and if 1.9c holds support, we could see a price spike commensurate with today's volume spike. Very speccy, so DYOR. I bought a small parcel.

 

• 27 January 2017

• #3

P

pettlepop

Joined

2 November 2016

Posts

61

Reactions

1

Nice rally going on in MED today, what is up with that?

 

• 27 January 2017

• #4

pixel

DIY Trader

Joined

3 February 2010

Posts

5,359

Reactions

346

The last cap raising was pitched at 1.3c
Nice quick profit, if you can move the price a little.
Normally, I ignore funnymentals and go by the chart, but I do reduce my risk tolerance when I smell something ... or when I sense that ASIC might sniff a smell ...

 

• 22 March 2017

• #5

pixel

DIY Trader

Joined

3 February 2010

Posts

5,359

Reactions

346

back below spp pitch



doesn't look very promising. Maybe they should take a leaf out of Pnina's (QBL) book and go the potty route? Otherwise, the weekly chart bears a striking resemblance with KDL's.