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    β€˜Federal Court Judge Michael O'Bryan on Friday said he was satisfied there was sufficient reason to intervene in Merlin Diamonds, due to the "nature and extent of the potential contraventions".

    "I consider that the affairs of the company have been conducted without due regard to legal obligations," he said.

    "I have no confidence that the affairs of Merlin are being carried on for the benefit of its shareholders."

    Justice O'Bryan determined an examination of Merlin's accounts "by someone independent of the company" was required, appointing Deloitte as provisional liquidator to preserve Merlin's assets until a final hearing on ASIC's application to wind the company up.’

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    πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ–•πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

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    πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

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    145 At this point in time, it is a matter of speculation as to what steps, if any, shareholders or noteholders may take following the appointment of a provisional liquidator. There is always the prospect of discussions and negotiations between the shareholders, noteholders and ASIC as to the future governance of Merlin.

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    How much you lose sandune? It's over

    2 likes
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  8. 29.0k
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    and a few pinks

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    You feel guilty if people bought on your recommendation? Are you going to give them there money back? Like Joe has?.....

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    ask every other shareholder of CDU RFG ZYB OGX aul avq ctl etc etc what a stupid ? that is the stock mkt always DYOR

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    is AUL next ???

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    Like Joe then, no returns. Fair enough if your silly enough to listen to someone that says Med is the best stock on the stock and the share price is going backwards, then your an idiot.

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    well is AUL going med way???

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    Looks like it

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    No it isn’t little fella. That A1 ore is running real nice at MS.

    πŸ˜‚πŸ˜‚πŸ˜‚

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    when .. what rate ?? what grade return ?? why no ASX news?? 4 cents by xmas 2018,,LOL

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    Go down to the Woods Point pub like I did on Saturday night and sit near a table of miners.

    You’ll hear plenty about the coming A1\AUL pummmmmmmmp!!!!

    πŸ˜‚πŸ˜‚πŸ˜‚

    1 like
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    woods point full of tourist with gold detectors ,,say no more

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    Med is dead. Rip

    1 like
  20. 29.0k
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    they said the same for much worse about HDY till the fat lady sings..look at ISX a bit naughty ..look at avq $100 mill has vanished?? much worse then MED out in the asx

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    new board deal with creditors and bond holders . it may come back .. med not the problem it was the board ,project has great merit under new leadership..imo board. was the problem.

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