ann: Brooking Diamond Project, page-30

While this ann is not huge the LOM story just keeps ticking boxes and at present is grossly undervalued. The scare tactics of the bot in play, shorting and way it trades is at an end. We have seen the breakout of the long term pennant - now is time to continue the run.

FA (TA to follow separately)

Some very basic figures - the long termers here might add more detail (or correct if I've made any errors):

Qtrly production = 8800 carats
Last sales price averaged $1868 / carat
Qtrly revenue = approx. $16.4 m
Operating expenses (all in) are estimated at around 55% (courtesy of Hartley's)
That's gives an EBITDA of $29.5m
LOM's 40% = $12m

THIS IS ONLY EXPLORATION!!! And this is increasing as they ramp up!

In addition the XRT machine is due to be commissioned now (early this qtr) and they have stockpiled material highly likely to contain specials greater than 295 carats, up to 1,100 carats. Considering this I believe LOM have plenty to go on with, wet season or not.

The have cash and are generating much more to fund exploration and as we have just seen today, project acquisition. The future LOM will be diversified out of Africa, funded by their operations there.

It's time to put 2 & 2 together. The market has already done that which is why it broke out of its long term consolidation. That was halted as fear came back into the stock fabricated entirely by an entity that wants to accumulate. The stock has even been shorted in small amounts with the pure intention to keep a lid on the SP, the shorted amounts aren't huge but nor should they be - at any moment LOM could drop another ann that they have found another 100+ carat stone - who in their right mind would take that risk, especially on a stock already undervalued!

In summary, time to buy and make sure the bot pro's accumulating pay a fair price instead of a manipulated discount. 65c is the starting point.