In regards to the cap raise issue
Current cash will run out by may 2015 from just normal operating expenditure and admin costs.
The announced plant upgrades will cost money that appears to not be accounted for going by the time frame announced to complete these upgrades?
No announced plans to sell diamonds in the safe and this will take time anyway.
The dry season starts about may when the money will run out.
There is talks about buying a extra fleet of earth moving equipment to ramp up mining,no money has been set aside for this.
Trading before and after the mining licence was issued has been to the downside with many 50k sells pushing the share price down along with mum and dad investors.
For the average investor,they may think 5 million will last enough time for diamond sales to happen,but for me who has been in this investment for almost 5 years and has done much research and gained knowledge of the cost of this project,I can assure you the chances of running out of money before a diamond sale happens and being able to pay for the upgrades and any new machines,is quite high imo.
Even if lom sells there current holding of diamonds for lets say 3 million,I still think they will run out of money in being able to increase diamond recoveries.
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Last
6.9¢ |
Change
0.002(2.99%) |
Mkt cap ! $20.01M |
Open | High | Low | Value | Volume |
6.4¢ | 6.9¢ | 6.4¢ | $3.729K | 55.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 27880 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.065 |
2 | 197103 | 0.064 |
1 | 12000 | 0.063 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 27880 | 1 |
0.070 | 72518 | 1 |
0.071 | 20000 | 1 |
0.073 | 10000 | 1 |
0.074 | 150000 | 1 |
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