LOM 2.33% 4.2¢ lucapa diamond company limited

Market Cap / SP, page-51

  1. 10,698 Posts.
    lightbulb Created with Sketch. 2102
    JD
    IM sure the directors will inform shareholders when they have the info.
    Just as well they raised some cash for Kimberlite exploration before things shut down ,as they can now use them funds to keep paying themselves for the next year ,considering they cant spend it elsewhere other than on loan payments.
    If this goes to 1 or 2 cents ,I may chuck a few bucks on it ,but I think if the mines are closed for a extended period ,this stock may end up being suspended for a considerable amount of time ,so any investment from here is a investment that you could be stuck in for a long time with the chance of losing the lot.
    There have been a few stocks over the years with good projects ,but have got themselves into financial troubles ,and ended up suspended for months to years ,but ended trading again and returning a decent return to shareholders ,so IM thinking may be worth the punt for a long hold if this goes much lower.
    There is always the chance that management may achieve a great debit arrangement from here ,rather than things getting worst.
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.