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MERLIN DIAMONDS LIMITED (MED)

Click here for free access to this company's:
ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
MERLIN DIAMONDS LIMITED07/12/2012
NORTH AUSTRALIAN DIAMONDS LTD23/08/200507/12/2012
STRIKER RESOURCES NL12/03/199223/08/2005
STRIKER RESOURCES LIMITED26/09/199112/03/1992
GEM EXPLORATION AND MINERALS LIMITED26/09/1991

Shareholder links

Our website ranking of MED: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Link Market Services, Rhodes Corporate Park, 1A Homebush Bay Drive, Rhodes NSW 2138
Tel : +61 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MED4
Address: Level 8, 580 St Kilda Road, MELBOURNE, VIC, AUSTRALIA, 3004
Tel:  03 8532 2800 Fax: 03 8532 2805

Date first listed: 16/10/1979
Company Secretary: 
Sector: Materials
Industry Group: XMJ
Activities: Diamond exploration in the North of Australia and the redevelopment of the Merlin Diamond field

liquidators are in the middle of a sales process and will know only in a couple of months as to whether they will be in a position to make a declaration of loss

16/12/2020

we understand this company failed and is in liquidation and ASX removed the company from listing because its securities have not been quoted for "an unacceptably long period"

16/03/2020

delisted from the commencement of trading on 16 March 2020 pursuant to Listing rule 17.12.

16/03/2020

Justice OBryan appointed Mr Salvatore Algeri and Mr Timothy Norman, of Deloitte Financial Advisory Pty Ltd, as joint and several provisional liquidators to Merlin.

20/09/2019

The company lodges its Fourth Quarter Cashflow Report.

01/08/2019

ASIC is applying to the court for the appointment of Mr Salvatore Algeri and Mr Timothy Norman, of Deloitte Financial Advisory Pty Ltd as joint and several provisional liquidators of the company because of concerns including: since 2012, Merlin Diamonds has advanced substantial funds to Axis Consultants Pty Ltd (Axis), a related management services company, without shareholder approval ($13,752,124 owing as at 30 June 2018) (Loans); the Loans have been used to fund private companies associated with Mr Joseph Gutnick (a current and former director of Merlin Diamonds and Axis respectively) and provide no discernible benefit to Merlin Diamonds; the terms of the Loans appear to be unreasonable, uncommercial and non-arm's length. No security for the Loans has been provided by Axis or any third party and the Loans are being fully provisioned (impairment provision) each financial year; the Merlin Diamonds auditors have been unable to obtain sufficient appropriate audit evidence to be satisfied that Axis is likely to be able to repay the Loans.

14/05/2019

The company lodges its Third Quarter Activities Report & Cashflow Reports.

30/04/2019

Following the receipt by MED of ASX's letter and prior to the deadline for its response, MED sought a meeting with ASX to discuss the actions MED needed to take to allow MED's shares to be reinstated to trading on ASX. On that basis, ASX granted MED a two week extension to respond to ASX's query letter to put a proposal to ASX that, if acceptable to ASX, might see MED's shares reinstated to trading on ASX. Although MED outlined such a proposal in its market release dated 11 February 2019 headed "˜Update on Suspension', ASX has not received any details of the proposal from MED for it to consider, nor has it received a response to its query letter to MED dated 4 January 2019.

19/02/2019

Merlin and ASX met recently and as a rersult: Merlin is prepared to reconstitute the board so that it comprises a majority of independent directors; also to terminate the service deed dated 31 August 2009 between MED and Axis Consultants; the independent directors to determine the appropriate arrangements to address the debt between MED and AXIS. MED agrees that if necessary a meeting of the shareholders would be calle to ratify such an arrangement.

11/02/2019

The company lodges its Second Quarter Activities and Cashflow Report.

31/01/2019

The company releases the results of its meeting.

30/11/2018

Merlin Diamonds and ASX met on Monday 5 November 2018. Following that meeting, MED has determined that two independent non-executive directors would be appointed to the Board of Directors of MED and the Board will then review and revisit the queries and answers to the ASX from the 9,17, and 29 October 2018. If ASX is satisfied with the outcome of the Board Review, MED expects its securities to be reinstated to quotation on ASX soon thereafter.

07/11/2018

Trading in MED's securities will remain suspended until the matters raised by ASX in its query letters dated 9, 17 and 29 October 2018 have been addressed to its satisfaction.

02/11/2018

The company issues responses to ASX Queries.

02/11/2018

The company lodges its Quarterly Activities Report.

31/10/2018

The company releases a notice of meeting. The Annual General Meeting of Merlin Diamonds Limited will be held at Pullman Albert Park, 65 Queens Road, Melbourne, Victoria 3004, Australia, on 30 November 2018, commencing at 9.00 am.

31/10/2018

The securities of Merlin Diamonds Limited were suspended from quotation on 1 October 2018 following its failure to lodge audited accounts for the year ended 30 June 2018 by the due date in listing rule 4.5. MED lodged its accounts on 8 October 2018, following which ASX raised certain queries in relation to the auditor's report. MED's responses to the queries were released to the market today. MED's securities will remain suspended in accordance with listing rule 17.3, pending further queries from ASX.

25/10/2018

The company issues responses to ASX Queries.

25/10/2018

The company lodges its Full Year Statutory Accounts.

08/10/2018

The Company advises that 4,000,000 incentive options have expired.

08/10/2018

The company releases an Appendix 4G.

08/10/2018

The company releases a report on governance.

08/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

The securities of Merlin Diamonds Limited (the "Company") will be reinstated to quotation immediately, following the release of an announcement by the Company. Security Code: MED

07/04/2015

a General Meeting of Merlin Diamonds Limited (the "Company") will be held at Pullman Albert Park, 65 Queens Road Melbourne Vic 3004 Australia, on 29 April 2015, commencing at 10.15 am

30/03/2015

due to a change of strategy in the capital raising, the Directors request ASX to continue the suspension of trading in Merlin Diamonds Limited. Roadshows have been organised over the next week. Given the religious holidays in the Jewish and Christian calendar, the Company expects to be able to make an announcement after the holidays

25/03/2015

The securities of Merlin Diamonds Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company in relation to a proposed capital raising. Security Code: MED

23/03/2015

name changed from North Australian Diamonds Ltd

07/12/2012

ASX Announcements (courtesy of ASX)

 

 

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ASX, Legal & CGT Status

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Where did all the diamonds go on ?

21/05/2020 01:24:56

can i sell these shares in merlin diamonds

28/04/2020 14:13:56

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Joseph GutnickExecutive Chairman27/10/2008
    Peter LeeCFO12/08/2009
    David TyrwhittDirector16/12/2011
    Mordechai GutnickDirector08/07/2016
    Henry HerzogDirector02/12/2009

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Craig MichaelDirector30/09/200912/05/2014

    Date of first appointment, title may have changed.