In opinion:
Absolutely! It seems LOM SP is still undervalued and less than what it was with no mine, no second mine, no additional exploration tenements, no diamond inventory and barely any cash. Far different story now with Lucapa. It's a quality run company now with all the goods and I applaud management in snapping up Mothae cheaply, multi-mining and essentially positioning into a valuable Niche market.
Market literally has its head in the sand when it comes to diamonds. It seems, apart from the great guys at Euroz, whoever else values Lucapa so low (where the SP is now) maybe hasn't bought a premium naturally sourced diamond for the missus recently to understand the niche market LOM is in. There is no comparison. Hats off to the analysts at Euroz who are making sense. LOM will dominate a niche market in my eyes and it's essential it continues to push into the value chain e.g cut and polish etc. Some of the largest, the rarest, most valuable naturally mined diamonds in the world. No comparison in my eyes hence why I hold LT. The world has finite resources and naturally sourced diamonds are not forever......
LOM Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
