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1.45%

7.0¢ lucapa diamond company limited

4th diamond sale this friday to wednesday, page-10

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chrome033

1,003 Posts.

19/05/15

05:42

Post #: 15304290
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Originally posted by bullriley ↑

ARIES , curious how you come to the conclusion that we need 8 million .
you started at 4 then went to 5 , only to conclude that 8 million was needed ....
You may be right , however you seem to be pulling the figures out of the sky .
Reminds me of a long time ago when i was maritime college . A lecturer asked a student what he would do if the winds were horrendous. He replied he would drop the anchor . The lecturer then replied that the wind got stronger what would he do . The student replied that he would let more anchor chain out . The lecturer then said the winds got even stronger , what would he do . The student said let more chain out . The lecturer then asked where are you getting all this chain from . The student replied the same place your gettimg the wind from !!!

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At 8m , that makes us cash positive, and the next quarters costs are in hand, yes, Aries that makes sense and would be a great start to the next financial year/qtr.
But i don't see how anything less would be a disaster, if we come out of this next sale with a zero balance sheet, or even $1 in the bank, one could argue we are cash positive, and the next quarter will be the big dig, make or break, then i agree with your "disaster" comment., your thoughts ?

LOM Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $20.30M

Open	High	Low	Value	Volume
7.0¢	7.4¢	7.0¢	$42.21K	602.4K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	14170	1

View Market Depth

No.	Vol.	Price($)
1	200000	0.070
1	100000	0.065
2	197103	0.064
1	15850	0.063
2	84801	0.061

Price($)	Vol.	No.
0.066	26100	1
0.070	14170	1
0.073	141658	2
0.076	85000	1
0.077	70000	1

Last trade - 15.49pm 16/07/2024 (20 minute delay)

LOM (ASX) Chart