LOM 0.00% 4.2¢ lucapa diamond company limited

Ann: Quarterly Cashflow Report, page-12

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  1. 7,302 Posts.
    lightbulb Created with Sketch. 1133
    'Could someone please explain to me. Are they trying to dig diamonds out of a swamp?'

    Really !! - is that a physical or mental hercules in your nic ?

    Yep looks like a swamp to me:

    lom7.jpg
    Maybe you are getting confused with the fact that it rains heavily for approx 4 months of the year & many places get covered in water, wet & slippery. This is why they are working the 'lower grade' block 6 at present vs the higher grade block 8 & why they are installing a 'wet front end' onto the DMS plant, so they can more efficiently process 'wet' gravels.

    My biggest worry is that all the diamonds in block 8 will float away & all that water will extinguish the volcano/kimbo so that no more diamonds will be made & LOM will go broke. Looking for a chance to sell now before that becomes public knowledge !!
    .
 
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