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LOM

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4.2¢ lucapa diamond company limited

$16m for Lucapa - West 07/04/18, page-33

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Insiderunner

6,490 Posts.

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08/04/18

20:54

Post #: 32303998
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Originally posted by bbuster ↑

Fareast capital

Look at special situations while markets
remain unconvincing

http://www.fareastcapital.com.au/newsletter.asp?id=154

Lucapa’s $15m placement will be the turning point
At the risk of being the boy who cried wolf one too many
times, I see the $15m placement at 23¢ by Lucapa as the
last piece of the jigsaw puzzle. Expanding businesses need
greater amounts of working capital and the diamond
business is no different. The market has been aware of the
tightness of cash flow projections in 2018, and the need to
raise more money, so there was the overhang in the
market. That issue has now been resolved.
As good as the Angolan alluvial diamond mine is, and the
prospectivity for the source kimberlite, LOM has been
struggling to find sustainable support in the market.
However, the dynamics around this company could change
dramatically with the start of work on the Brooking
lamproite pipe in the coming dry season, in the Kimberley
region of WA. Remember that in a hole drilled last year the
Company recovered 119 diamonds. This is an exceptional
result, but if it is indicative of the diamond population in this
pipe we could be seeing something really big.
The placement mostly went to three high net worth
investors, but the lift from the originally sought $13m
suggests other players have come in. Provided all of these
guys are serious investors, as opposed to short term
punters, we have most likely seen the bottom of the
downtrend. That means it is all upside from here

Expand

Looks like others are "joining the dots" at last...

Monday, Monday......

who remembers that song ?

LOM Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

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(20min delay)
Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $12.18M

Open	High	Low	Value	Volume
4.1¢	4.2¢	4.1¢	$4.94K	120.3K

Buyers (Bids)

No.	Vol.	Price($)
1	7500	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	138576	3

View Market Depth

No.	Vol.	Price($)
1	50000	0.040
4	497871	0.039
1	60000	0.037
2	123111	0.036
3	381414	0.035

Price($)	Vol.	No.
0.043	138576	3
0.044	112000	1
0.045	38400	2
0.046	181600	2
0.047	124900	2

Last trade - 11.21am 11/10/2024 (20 minute delay)

LOM (ASX) Chart

$16m for Lucapa - West 07/04/18, page-33

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Cauldron Energy reports "excellent" uranium assays in latest drill run

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

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Buyers (Bids)

Sellers (Offers)

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$16m for Lucapa - West 07/04/18, page-33

Top Stories

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Cauldron Energy reports "excellent" uranium assays in latest drill run

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Issues emerging as Australian companies tackle critical minerals challenge

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News