LOM 4.76% 4.0¢ lucapa diamond company limited

Where did this begin for you?, page-44

  1. 308 Posts.
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    I had recently had my fingers burnt with CDU in August 2010, and was cautiously looking for somewhere to park the stop-loss triggered remnants of my hard earned FXR profit from 2006. Nickel was my friend in those days. My strategy was 80% Blue-chips (yawn) and 20% speccies... I possibly needed a fix of danger to replace the Cudeco rush???

    Lonrho had announced very encouraging results from an aeromag survey which indicated multiple possible kimberlite signatures close to alluvial pits from historic garimpeiro workings. I bought on a combination of TA and FA as at the time the chart was looking extremely bullish... however, as has happened on numerous occasions since, and the news/hype had settled, the price dropped back and I was showing a paper-loss for many, many months after. My original average was .052c (this shows as $1.40something on charts since consolidation adjustments).

    I have hung-on, although admittedly selling/buying/selling/2 or 3 cap raises/sold/bought etc.. but have always followed the threads on HC with great interest (Byron8, Bungy, Dazzaa et al) as well as my own research.

    I've included a link to the 2010 activities report which is quite interesting to re-read (and includes images of the aeromag and possible kimberlite targets from that era).

    We have come a hell of a long way, and hopefully on the cusp of a serious re-rate.

    GLTAH (whether short or long term).

    http://www.lucapa.com.au/sites/lucapa.com.au/files/2010-ANNUAL-REPORT.pdf

    Just a warning... quite a big document.
 
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