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4.0¢ lucapa diamond company limited

Gut feelings, page-27

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benl

58 Posts.

06/02/17

13:53

Post #: 22399469
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Originally posted by meerkat ↑

punters beginning to notice the splashy reports of big specials are tapering off? can't be expected that those biggies will go on forever, so it's more like grunt work now to recover smaller stones?
disappointing that LOM have been very quiet to date on their kimberlite work, of course they had a very bad start with the post hole digger, maybe things will turn around with the tracked vehicle they plan to use (sometime). There's no doubt that some serious drilling needs to take place at Lulo if primary sources are ever to be found. I guess LOM has only scratched around so far. The wet season still to come? wettest month is April in Angola.

At least with Mothae it's a well defined, small, focussed area so LOM won't be able to play cowboys - compare that to the 3,000 sq km Lulo concession. IMO however, anyone thinking LOM is going to front up to Mothae and start pulling diamonds out of the ground is nuts. It could easily take a year before LOM gets its head around Mothae to find out exactly what it's got - or not....

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If I didn't know better, I would say from the tone of your disparaging comments you are trying to buy in cheaply. Perhaps the only aspect relating to "cowboys" is the size of our hats...

LOM Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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Last 4.0¢		Change -0.002(4.76%)		Mkt cap ! $11.60M

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