Ann: Mothae Financing Update, page-40

Things have just fizzled out at the moment.
And to everyone else.
When I said I would be holding for longer than most ,it was before they purchased the Mothae mine and started to take on huge debt for such mine.
The company has completely changed so I have every right to also change my direction regardless of others opinions.
I invested in LOM for Lulo and would have continued to hold if it was not for the Mothae purchase and knowing it would result in a financial strain on the company.
Even a few of the largest holders have also sold out or reduced there holdings ,so if its good for them then its good for me ,that's a bit like following the smart money.
I was saying long before I sold out that the share price could come under some serious pressure and I still think that the low to mid twenties by Christmas could happen and next wet season a low point of 15 cents to 20 cents may also happen.
I also have concerns that management will not focus enough effort on L259 and that it could be 1 to 3 years before this target is bulk sampled ,so this was also a major contributing factor in me selling out as IM 100% sure this is the main source of the diamonds at Lulo.
When management start to make decisions that you think are mistakes ,its time to move on.
Maybe Brooking will save the share price or it may be a very painful Lulo wet season ,share price wise that is.