Ann: $12.5 Million Institutional Placement, page-58

Now with 1.5b shares on issue a $1b market cap which seems like a pipe dream would only equate to approx 66c per share. As a long term shareholder who has been holding and accumulating where possible since day dot, with an average of 20c or thereabouts this is the first time I have started second guessing my investment in LOM.

I only have myself to blame and I still feel like our management have done an amazing job progressing our projects and navigating us through some very dire situations and circumstances where many have failed and are no longer. They have set LOM up to be a global powerhouse in the diamond space however the reality of the situation is that in the process we have been diluted to all buggery. I really hope that management would consider an on market share buyback at some stage should we become a cash cow, I have seen this work before.

Newer holders with a large volume of shares at a lower average stand to make a Motza!

Tough gig this share investing… Anyway, onwards and upwards!