Miles Kennedy, page-15

First 15 Last

Share
Profile

Follow
kozzie

4,803 Posts.

03/09/14

19:27

Post #: 13920205
Share
Originally posted by bungy234 ↑

Like I said earlier, a good friend was attending today's conference, and the following is a no frills summary from his notes. No doubt some bullet points will be duplicated from others who attended.

Chairman Gordon Gilchrist developed Argyle Pink Diamond market

Slide 3 Diamonds coming out of Lulo not only large but are of the highest quality anywhere in the world.

Finding 'D' colour, pinks and yellows and Type 2A stones

Couple of gasps in the crowd when he mentioned how much per carat LOM are getting compared to world average.

LOM have been in Angola longer than any other Oz company and have a wonderful relationship with the Mines Minister and Endiama

LOM is undergoing a "Game Changing Event" which Miles was hoping to announce today but unfortunately was not able to and that is getting the Mining Licence.

Issuing of the licence requires Ministerial as well as Presidential sign off as diamonds are considered strategic to national interests of the country.

Mining licence is expected to be for 35 years.

Maximum tax rate of 25%

Deductions are very very considerable

Agreement provides 100% recovery of LOM's investment in expenditure

Slide 10 highlighting Se46 alluvial area he mentioned once mining would be $93k per day.

Slide 12 showing low and high valuation metrics Miles stated they expect a minimum of 500,000 carats and at $500 carat revenue of $250M

Using high end valuation he quoted $10.431B (i.e. $6,954/carat achieved to-date)

They’ll be able to double shift once the mining licence is issued

Catoca is world’s 4th largest kimberlite mine and Endiama own 51% of that.

Slide 16 Miles stated they started testing Kimberlites in August and they are getting diamonds in these pipes and there is not 1 company anywhere in the world that can lay claim to 100 kimberlites!! Not one!!

Finished his presentation off with there are no better diamonds being recovered anywhere in the world as the ones they are recovering at Lulo..

There was well over 200 ppl in audience, and going by the applause, the presentation was well received.

Expand

nice one.
and scott e got mod'd. say whaaaa???
LOM Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

There are more pages in this discussion • 51 more messages in this thread...

First 15 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change -0.003(6.67%)		Mkt cap ! $12.18M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.2¢	$11.03K	257.6K

Buyers (Bids)

No.	Vol.	Price($)
1	80000	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	4081	1

View Market Depth

No.	Vol.	Price($)
1	80000	0.040
1	83360	0.036
1	285714	0.035
1	85000	0.034
1	210000	0.033

Price($)	Vol.	No.
0.043	4081	1
0.045	259143	2
0.048	150000	1
0.053	100000	1
0.055	30000	1

Last trade - 10.39am 17/09/2024 (20 minute delay)

LOM (ASX) Chart

Miles Kennedy, page-15

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Winsome scoping study proposes low-cost operation for Adina lithium project

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Miles Kennedy, page-15

Top Stories

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Winsome scoping study proposes low-cost operation for Adina lithium project

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News