LOM 2.33% 4.2¢ lucapa diamond company limited

trading halt - 95.45 carat type 2a diamond , page-162

  1. 2,172 Posts.
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    QSS, my problem is that most of the time the downramping isn't all that informed or balanced. I don't think your posts are too bad in this regard, but some of the negative posters (two in particular) are incessant about their favourite negative topics and refuse to acknowledge any progress the company has been making whatsoever.

    It doesn't make for a balanced view of the stock and is almost like clockwork. "LOM hasn't made any decent discoveries lately" was the cry. Then they make two amazing discoveries and it is "yeah but no license". We will get the license and then it will be "yeah but 3.8bn shares on issue". Over and over again around the same points that everyone knows already.

    The fact of the matter is that despite the delays, 2013 was a great year for the company. The project (maybe not the company itself yet) is now earning revenue, a huge step for an EXPLORER. Many diamond companies have spent many many times what we have and never earned a damn cent from their investment. Despite the delays, we now have all of the infrastructure we need, causing us to ramp up throughput to the point we are making major discoveries every few weeks. We have little debt. As a result, 2014 is looking even better.

    You mention that the rampers are delirious, but what about the downrampers? I wasn't on HC much over the long weekend, so was surprised to find that over this time the downrampers were on overdrive. I found it a bit sad actually, here we are waiting for an announcement that we KNOW is going to be massively positive news (already known we have found a huge diamond) and here we are with people spending their long weekend screaming doom and gloom scenarios about the stock. It is completely divorced from reality at best, suspicious of ulterior motives at worst.

    I am all for acknowledging risks in this stock and I think during my time here I have done so as well as talk up the positives. I don't think you could say the same, giving a balanced view, for some of the downrampers here.
 
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