Australia's largest stock trading and investment forum Australia's #1 stock forum

LOM

Click for more information

1.39%

7.1¢ lucapa diamond company limited

Options exercise, page-24

First 24 Last

Share
Profile

Follow
Timmyk

2,229 Posts.

356

09/06/15

22:27

Post #: 15438497
Share

Originally posted by aries123 ↑

JD,

The story will not change unless LOM can arrest the cash bleed.
In the last year outgoings from the LOM quarterlies were,

$3.423 Million Mar 15
$3.696 Million Dec 14
$2.815 Million Sept 14
$4.101 Million June 14, giving a total of

$14.035 Milllion Dollars for these 4 quarters which for the most were only for exploration.

Now that they are both still exploring and also mining it would be fair to assume that costs will be appreciably higher wouldn't it?

Now that LOM is a producer it will be treated like one and until it starts producing a Profit (and NOT just an operational positive cash flow because there is a big difference ) it will not IMO attract any significant interest.

I don't class an asset that can't pay its way as an asset do you?

It is my personal opinion ( and has been for a very long time as you will recall) that the options will expire worthless.

Expand

So what you're saying is sales only need to be $1.2m per month to cover costs from here on, when we made near that last month and production will be growing exponentially from here.
Cool, I'm in, thanks for the investment advice mate.

LOM Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

AIR

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

NWH

NRW Holdings voted Wealth Within's hot stock tip

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

There are more pages in this discussion • 44 more messages in this thread...

First 24 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 7.1¢		Change -0.001(1.39%)		Mkt cap ! $20.88M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.1¢	$304	4.274K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	108501	4

View Market Depth

No.	Vol.	Price($)
1	10000	0.071
3	161000	0.070
1	120000	0.068
2	127722	0.064
3	124801	0.061

Price($)	Vol.	No.
0.072	108501	4
0.073	153356	2
0.075	1	1
0.077	99555	2
0.080	120072	2

Last trade - 12.04pm 30/07/2024 (20 minute delay)

LOM (ASX) Chart

SPONSORED BY