The JSE suspended Middle East Diamond Resources listing on Tuesday after the company failed to convince the bourse to let it continue trading following an auditor’s disclaimer in its latest annual results. "Having considered those representations the JSE has decided to suspend the listing of the issuer," the bourse said. The company was formerly called Sable Metals and Minerals. The JSE asked Middle East Diamond for a written response as to why its listing should not be suspended after the company’s auditors changed its opinion on the company in the October 4 release of annual results. Middle East Diamond, which has no cash-generating assets, had agreed to a monthly injection of cash from a major shareholder and had warned shareholders it was impairing a platinum metals prospecting right.
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