Don't want to be too negative but on the other hand everybody knows that I have sold my shares and quasi naturally I am now on the more sceptic side. This means I will find the more negative hidden details in the reports. And no, this is no downramping, because all other non-holders interested in LOM will have the same sceptic view that I currently have because they will also very seriously check, whether Lucapa is worth to invest money, whereas holder also quais naturally have a more optimistic view. So posting it here just shows the complete picture about the company and allows everybody to make his own risk/reward-calculation. Ok that was a long introduction for an interesting fact, that I found hidden in a footnote. Obviously there is one stone from the big auction, which was not yet paid. There are missing 47 carat, and about 4,7mill. USD in the sales figures for Q1 19. I have not found a 47 carat stone in the auction, but I suppose it is meant the 46 carst pink stone and the 1ct is just a rounding issue. In a footnote it is explained, that it was not paid in time, but no further details. Was the sale cancelled, is the buyer bankrupt, is he just a bit delayed, was it a fake-offer, is it maybe even a normal approach to show auction figures in the next quarter and there is a payment deadline of several months after an auction? I have no idea but would be interesting.
LOM Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
