LOM 0.00% 6.7¢ lucapa diamond company limited

Ann: Large Kimberlitic Signature Defined at L259, page-64

  1. 376 Posts.
    Sorry Dazza, I am a fan, but we are diluted. The cap raising and 20c loyalty options can not be looked at in any other fashion. Yes the money raised was used to prove up the kimberlite and speed up recoveries which has helped our share price no doubt. But issuing shares and options is dilution and I would have been happier if they came to the shareholders first (or got gazetting in place so no raising was required at all).

    As for what QSS wrote, it is quite valid in my opinion. Yes he might not make as much by not getting in if the pipe gets proved commercial. But if he is making money elsewhere in the meantime and gets on board when he is more certain and still makes money, has he really lost.
    I have had my money parked here for quite a while and missed out on other opportunities because of it, but I do believe the company will succeed in a big fashion and am happy to be parked on what now should be an upwardly moving conveyor belt full, one that hopefully is soon transporting thousands of carots of kimberlite diamonds. Oops did I just mention an up-ramp ;-)

    GLTA and DYOR
 
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