That's the more realistic end of the possibilities, IMO. Euroz has already suggested that gross sales are unlikely to equal last year's - obviously, because you can't bank on another 404er or similar hen's teeth turning up.
I wouldn't be overly downcast, though, LOM has the capacity to surprise, as we know.
One oddity not yet answered/mentioned by the company is why the throughput of material is so low when we were expecting it to double after the various upgrades and equipment purchases last season. Half in jest, I suggested that they could be 'secretly' bulk sampling visually-promising material using the spare capacity at the plant, but, if so, they are keeping remarkably quiet about it.
The general malaise affecting LOM's sp and so our psyches, is a direct product of the LOMOA expiry hanging over the market, it may be next to impossible to do anything about that, let it run its course, BUT the company MUST NOT be holding back information from the market in the interim, I'm not suggesting that it is, of course, but there has been an eerie silence about activities this dry season, so far.
B22.
LOM Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
