LOM 4.76% 4.0¢ lucapa diamond company limited

Ann: More Large Special Lulo Diamonds-LOM.AX, page-67

  1. 10,657 Posts.
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    JD
    Angola clearly needs money so IM sure there will be more special payments this year to Lucapa so that the other partners can get a share.
    I see $1 by Christmas as a given because the alluvial mining has been so profitable over the wet season on limited mining that as full scale mining starts up,now that the dry season has arrived,the market will not be able to ignore a significant cash flow increase over the next few quarters.
    IM expecting a 100 million dollar diamond recovery month when full scale mining starts at block 8.
    I have been saying it for years that the alluvial's will make big money and much more than what the company has said along with broker predictions.
    Not long to go before the market comes to terms that there could be over 10 billion in alluvial diamonds at Lulo,in my opinion.
    IM very confident that up river from E46 will be just as good if not better,and there is much more untouched ground there to explore and mine.
 
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