how thinks have changed VOR
some of your previous LOM posts (below) suggest you may have done a J.D
1. Tick another box! Excellent result. Maybe we are already mining the kimberlite! Post #: 19790594
2. Our next find............!
Post #: 20122769
3. this is a pearler yoll get where im comimg from after this cracker
Post #: 18442229
Noticed a few things regarding the share price over the past 2 years or so.
Good news brings a quick bubble to the share price
The price increase depends upon how much "good news" or rumour there is.
The traders capitalise on the rise and start selling for their 2 cent profit. Price then drops a cent or two.
There is then a lull of a month or so and people become impatient and there is further selling.
The price ends up where it started or maybe, if we are lucky, slightly higher than before.
An announcement comes along and the whole process starts again.
Good News is........
The price is slowly increasing (look at the yearly chart less when Myles got a bit carried away!).
The news on the whole is positive.
The average news is........
The market is waiting for Kimberlite news it seems and all else is largely irrelevant unless an extra large diamond is discovered. However even that eventually got swept under the carpet.
The worry is..........
The uncertainty regarding ownership.
Will the Kimberlites be commercial, should they actually find one.
Cash flow needs to remain positive and increasing and that is yet to be determined although things are looking good at present.
Summary..........
The potential is there, don't get me wrong. However the market is rarely wrong so the share price is where it is for a reason (whatever than maybe!).
Still think the coming few months will determine the company's long term future.
I, for one, am optimistic.
funny when some people lose they turn a different colour.
GLTA
LOM Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
