Word on the street is Euroz has initiated coverage on Lucapa as a spec buy with a target price of 56 cents. Could explain why I've noticed multiple 50k and 100k buy orders recently.
They have also highlighted the fact that Kimberlite exploration success containing high volume and high value diamonds could reasonably see 2x – 4x value uplift, perhaps higher.
Hmmm +$2 - I like round, even numbers.
Also, given the structure of our registry, a significant discovery would potentially make Lucapa a corporate target with a list of likely candidates - Rio, DeBeers, Rio or Lucara.
I would expect that the link to the full report will more than likely be available from the company website in due course.
LOM Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
