LOM lucapa diamond company limited

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Torbreck

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20/02/16

18:43

Post #: 17073638
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Originally posted by 1sharetrader1 ↑

I think investors should be taking into account the weather at Lulo and that it has been raining about 10mm most days and from the beginning of march will increase to over 30mm most days for weeks.
By May 2016
Another large high value diamond find?maybe
Gazetting should be done.
Drilling results out,April maybe with heavy rain happening over March.
The completion of the EM and ground survey should be completed and announced soon within a month.

So the only things that stand to have a better chance of keeping the share price around the current level will be the EM ground survey results and some good finds from the stock piles or from the higher ground at block 6,gazetting should also keep the share price around 40 cents if not much higher.
At this stage there is not a lot of guaranteed positive news that can come out before the ground starts to dry out at Lulo,so I think we should all be prepared for the potential of a little bit of a extended wait for some of the most important news such as drilling and bulk sample kimberlite results.
Overall I see that there is just to much high interest in this company for the share price to fall below 34 cents if news is delayed and would not be surprised if the price just stays in a holing pattern until late April.
IM only interested in trading the lomob options so they have become very risky for me as I do not have the cash to exercise them and this stock has and still is full of traders and so called newer longs that will just sell as soon as the pressure of a longer wait starts to set in.
Still looking to park 7k into lom or the options but IM concerned of potential weakness from impatient newer holders selling due to heavy rain over March.
Regardless of what I think I still see the share price holding its recent gains with the lomob being a good buy if you can afford to exercise them,but way to risky for the trader imo.

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Clearly they state that they will be drilling the kimberlite when the drill rig gets onsite which is due anyday now...This is arguably the biggest news in LOMs history, so I don't think it's correct to say that there won't be much price sensitive news until dry season...

LOM Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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