LOM

3.45%

6.0¢ lucapa diamond company limited

Ann: Trading Halt, page-294

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amol7

695 Posts.

06/02/16

18:10

Post #: 16958766
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Originally posted by PointyD ↑

Dave, in your first line you state "I don't think its for a diamond find, they wouldn't call a trading halt for that"

Have you researched the company? please explain exactly why it could not be for that? I will explain why it could be.
The company is in the business of mining alluvial diamonds on its lease so I agree, it will not call a trading halt for doing exactly what it is supposed to be doing. That being said, if they were to find something that was totally out of the ordinary that might significantly rerate the company I think they might. What if they have found a large blue on site? What if they have found a large pink. What if they have found a larger diamond than they have before, or a cluster of all of the above? All would significantly rerate the company and might call for a halt given its relative infancy in actual mining?

On top of that they have had TH for diamond finds in the past so to say they wouldn't call one for this reason again is not a logical assumption.

As for drilling, who knows. They said it would be onsite in Feb. They may not release an announcement to say when it has arrived or when it starts drilling, they have already told us it is coming and it will be drilling. So what if it has arrived, has drilled already and has intersected something of significance, that could be a diamond update?

Your third point is valid, it could be for this reason too although highly unlikely. My money is on the first two because they already have an agreement in place to sell all diamonds through the the Angolan Government run SODIAMauctions ( http://www.ebizguides.com/ebizpartners_see.php?id_country_sponsors=17&ebizpartnersid=494 ) and I don't see why SODIAM would change the way they conduct business when they are getting the exceptional prices for our diamonds that they are?

GLTA and DYOR

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PointyD
Don't want to reply for Dave but your comment about a sensational Blue or Pink is valid.

A TH in the early days may have been expected for recovery of a Special but not today as it is too common.

Drilling not correct. The drilling will need to be directed after the GS and the EMS. No chance that drilling results are coming and I am reasonably sure it hasn't started.

LOM Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Last 6.0¢		Change 0.002(3.45%)		Mkt cap ! $17.40M

Open	High	Low	Value	Volume
5.9¢	6.2¢	5.8¢	$66.14K	1.103M

Buyers (Bids)

No.	Vol.	Price($)
1	333535	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	37599	1

View Market Depth

No.	Vol.	Price($)
1	333535	0.060
2	60000	0.057
1	20000	0.056
1	200	0.055
1	56620	0.053

Price($)	Vol.	No.
0.065	37599	1
0.067	5450	1
0.069	42000	1
0.070	72518	1
0.073	10000	1

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Ann: Trading Halt, page-294

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Ann: Trading Halt, page-294

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