I think they need to be a bit smarter with their announcements.
The latest EM ann which was full of good stuff sent the SP back (as per usual) as the market and 'local' investors saw it as a bit of an anti climax and not the you beaut ann that was expected saying something like 'heaps of diamonds confirmed'.
They could at least put a bit of a spin on it. Those articles that BB has posted in the last few days paint a much glossier picture than the damn announcements...
BOD don't seem to bothered about SP at this time as long as it stays above 40c and makes sure LOMOB are exercised. They will be far more interested in SP when their LOMOA are about to expire or a CR is required.
Once (if) SP gets over $1 either a huge CR or a part take over will probably eventuate to fast track. Big big dollars required at that stage. Meanwhile 'baby' Lucapa will plod on doing the hard yakka.
Gonna be a long slow show to get to the $1 IMHO. Not looking like a decent bagger any time soon from 42c. Well done to those hanging in and averaging 25c or less.
LOM Price at posting:
42.5¢ Sentiment: None Disclosure: Held
