LOM (ASX) Euroz Speaks Volumes

Originally posted by Stevo71 ↑

Bear Scenario is getting very close.... dropped to 52 week low 16.5 cents today & LOM still talks about telling something in QUARTER 2... so that could be 29 June 2019.

Next Bonas sale of Mothae diamonds June 2019 (likely with 30%+ carats as small stones). Staffing increased - need to know income / expense balance in a normal company but LOM thinks??? Between the lines - trust us, we have experience... BUT diamond mining is high risk - so more facts would be sensible. Even when some facts seem a temporary negative “setback” or bit of (not lot / repeated) bad luck LOM is actually very fortunate to have TWO SITES (actually 3 operations) to balance cashflow... but perhaps the market believes it has almost no power to achieve such balance & just sees more risks in more places currently (simplesness). So an update on WHY Angolan President L. Says 8 Dec 2018 that repatriation of funds for individual transactions up to US$5m (ANGOP) no delay & repeats just before Christmas and according to agj26 CHECKED with LOM has NOT been sent by 6 March 2019. So Angolan Treasury seems to have insufficient US$ reserves?... but ENDIAMA/SODIAM should have promptly collected gross US$16.7m & can not send US$4m (1/4!!) OF EVEN THAT EXCLUDING PRIOR US$ COLLECTIONS to Oz for SAME operator (not even robbing Peter to pay Paul - tell Paul to work more, earn more and then we will give him some of last year’s pay cheque... most employees would go work for a different boss). LOM tells the Boss we will increase output & spend more capital... what information is not provided that balances this equation?

Either LOM is treated worse than normal players or LOM wants to keep its Lulo operating profit in Angola - buy more SML shares, pay a kimberlite mining permit FEE for LOM Angola entity 2 - NOT SML entity, or whatever reason...
borrowed money for LOM’s Mothae development work has been very expensive and we are fairly owed capital spent years ago to develop a sustainable operation employing 290 locals - good operator treated poorly?... or am I missing something - like a US$1.3m bond paid by LOM that was not handed back upon meeting written conditions.

Seems no surprise where share price is... would publishing the Angolan Diamond Regulations, good for the industry, even help LOM currently?

KEM Koin International sale has recently ended, wonder how their individual specials 10.8+ sold & how that compares with a high number of mines that have recently sold large rough stones... even Petra for 100+, saturated large stones presently? Seems the Lulo 128+75 + special pink to be sold soon? Which method / how? Has lost impact... perhaps investors want to know (small) money that was supposed to be sent December 2018 actually arrives before end March 2019, Money Talks & _hit Walks! Perhaps can NOT buy confidence & trust - does it need to be earnt or freely given?

Naimboy - seems Brooking did not transpire as you hoped in Feb 2019... that’s exploration, a type of calculated gambling. Mining reserves is supposed to pay the bills. A better bet - Hope for heavy rain at Lulo in April - that is more likely to washout more diamonds & be more helpful than Brooking which seemed to be favoured by MK who knew the Ellendale region?

JJace - time does matter... just ask any old person about to die - it is the most precious resource you have to offer. LOM has been given plenty & I look forward the the 2018 Annual Report (approx ? march 2019) as from here forward it will need to run sensibly (polite version).

Time disappearing, progress needs to appear. More partners = more needs, more complexity & usually more risk perhaps evidenced as price volatility which we currently still endure. GG & Tham gone but does more need to happen or change? Perhaps next week discover a cut & polish JV has been enacted & we will all cheer up for a bit as see some skills that serve end customer market demonstrated.

Will be interesting to compare pricing per carat achieved for Feb 2019: 128 Lucapa vs 200+ Lucara... knowing the expected finished stone sizes of each would make a better comparison.

GLTA - hope you an afford to keep waiting. At least interest rates, for some, are not going up & may assist confidence tempered by Trade War.
Interesting times made frustrating by people - need more win/win scenarios?

Expand

Some good posts there @Stevo71
Thanks

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Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $11.60M

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