Ann: New 5-Year Lulo Kimberlite Licence Approved, page-26

Have to pretty much agree with you Columbo.

It is what it is, an exploration license - nothing more.

Yes it is great to get it but it does not guarantee success. Lots of blind optimism again this morning.....

"3 million shares traded today" - it may happen but it is a way off yet. It only equates to less than 0.5% of the shares on issue anyway

"no, more likely 10 million!" - hello!!!

"$1 by years end" - wishful, fanciful.

"will spend little time in the 50-60 cent range" - probably right, we ain't there yet!

"60 cents by the end of the week" - based on what exactly? Hope it happens though..........

"bot induced consolidation" - must still be happening.........!!

"Well Done Bungy!" - WTF!! Did he get the exploration license all by himself or something?

"Unawares - you are an Oracle" !! - really...........

Now before everyone jumps down my throat...................

For the 587th time..............

The share price will move a little more substantially if and when the following happens:

1. We unearth 1 or more super diamonds from the current alluvial process and continue finding type2a diamonds on very regular basis (at least so far we have one tick);
2. We discover, and confirm (proof), a commercial kimberlite;
3. and lastly, we get a bigger share of the pie and profits begin to flow back to the company and shareholders.

The only good thing I can see is that each time we have a move up the price then settles back down slightly higher than before - but don't expect "massive" rises unless the above happens. LOM is a good company in its infancy and the road to success is uphill but achievable.

Then we may well see 60 cents, a $1, sophisticated investors, 10 million shares traded EVERY day and I will be bow and pay homage to Bungy (a legend, almost) and Unawares (the Oracle)!