It does appear to be ramping to the point of inducing purchase.
Quality stocks do not need promotion, the quality of the story comes to the fore and attracts new buyers organically. That said, the story is a sexy one, who doesn't like Diamonds?
A fool is born every minute as they say, and whilst the project is alluring, for me there are still some damning red flags that will see me keep my hard earned parked in my back pocket until they are eradicated one way or another.
- The ownership structure is the most glaring issue - both JV's appear to be structured to ensure Angolan interests are taken care of and despite the talk of Angola wanting to attract foreign capital - why would you structure the ownership structure be manafactured in a manner where the foreign investory is below the 50% threshold?
Answer - control - national control.
LOM Price at posting:
42.0¢ Sentiment: Sell Disclosure: Not Held
