LOM

11.1%

4.0¢ lucapa diamond company limited

BIG weeks ahead for LOM, page-102

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progol

1,403 Posts.

01/12/14

20:19

Post #: 14388080
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Originally posted by PointyD ↑

You are being selective again :-(

I mentioned,because it's in the announcements, the only valued portion of the held parcel is at 477k. The rest has not been valued so there are more cts unvalued than valued at present, so there is roughly a months worth of burn (based on Aug running costs which will have increased) in the valued portion of the parcel. The unvalued portion being 415ct + should equal or exceed this. So there is more to it than your simple "Firstly, the last diamond valuation roughly covers one month's worth of cash burn". You can't just ignore the rest of the diamonds sitting with the valued portion?

Secondly you are still ignoring the 5 million on hand for operating costs? Why do you not want to acknowledge its existence? Even if running costs doubled, they pulled nothing out of the ground, and no options were exercised the 5 mil plus the diamonds on hand would allow them to operate for 6 months. But the fact is they are pulling diamonds out of the ground, and they can do this at an increased rate due to less restrictions.

As you said we have our own views, but I feel mine is far more balanced than yours. I can see the pitfalls of the stock and there are many, I can also see the potential. You seem to just seem to only down ramp with talks of funding etc and ignore salient facts that do not support your arguments.

How you can keep scaremongering cap raising bearing in mind the above facts beggars belief.

GLTA and DYOR

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Spot on Pointy ,
IMO your views are well balanced and sum up the facts as they are. The mining licence is now secure and Lucapa is on its way.The latest announcement in my opinion is a taste of what is to come. World class diamonds and fantastic carats per tonnage rates.As Bungy said in one of his posts, they may not get it here in Australia,but they will be all over it internationally. Patience lommers, your time in the sun is not that far away.
imo dyor

LOM Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.004(11.1%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
3.6¢	4.0¢	3.6¢	$2.679K	67.19K

Buyers (Bids)

No.	Vol.	Price($)
1	250000	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	56526	1

View Market Depth

No.	Vol.	Price($)
2	320546	0.035
1	85000	0.034
1	210000	0.033
1	10000	0.032
1	50000	0.031

Price($)	Vol.	No.
0.040	56526	1
0.046	150000	1
0.053	100000	1
0.055	30000	1
0.062	120000	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

LOM (ASX) Chart

BIG weeks ahead for LOM, page-102

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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BIG weeks ahead for LOM, page-102

Top Stories

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News