LOM 6.67% 5.6¢ lucapa diamond company limited

Ann: Kimberlite Drilling Targets Defined at High Priority L259, page-100

  1. 599 Posts.
    The "untruth" that there is no other source of income is not an untruth at all.

    Lucapa, the Australian entity has received $8.3 million in a "special distribution" - which is fantastic, because it is the first revenue the company has received after nearly a decade in the country.

    However, the "special" element, IMO, points to a "one-off" payment due to the nature of the find.

    Lucapa, the Australian entity has no steady income stream and it's capital outlay will require further capital injections in the absence of additional revenue.

    Also,
    You do not drill a kimberlite to find a few 2a's, drilling is conducted to establish the case for a hardrock mine, there is absolutely no justification for drilling to find a "few type 2a's, it's a hard rock, commercial viable kimberlite or nothing at all.
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
-0.004(6.67%)
Mkt cap ! $16.24M
Open High Low Value Volume
6.6¢ 6.6¢ 5.5¢ $47.36K 820.3K

Buyers (Bids)

No. Vol. Price($)
3 280076 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 116300 2
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
LOM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.