LOM 0.00% 4.2¢ lucapa diamond company limited

Ann: Another A$9.6 Million from Lulo Diamond Sales, page-155

  1. 1,437 Posts.
    I understand that line of thinking but im betting its onsite.. they didnt need the em fully complete to start drilling. They could start drilling on a promising section of the partially complete survey!(it can take a very long time to survey a Kimbo 110ha+ in size). They have told us the dates for the drill arriving and previously stated to us they were still on track. They also told us they would announce any hold up. All those together tell me it should be onsite now!

    I agree the drill arriving could be an ann in itself but if i put myself in SW shoes i feel it would put unwanted neg pressure on the SP. For every day the market knew it was onsite and we were not getting positive news.. Most of us know it takes more than a few days to get results from the drill but the market can be very stupid sometimes! Traders would use it as ammo and wild swings would start again. Our BOD have stated they are going to avoid that at all costs moving forward! Clever business tells me not to announce its arrival!

    Best route for me would be to get the drill onsite and drilling for as long as possible before the public need to know about it. Its not breaking any rules because they have already told the market it coming!

    All my opinion only!
 
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