LOM

1.23%

4.0¢ lucapa diamond company limited

So it's worth holding onto then you think. Valuations aside, SW...

First 177 Last

Share
Profile

Follow
Timmyk

2,255 Posts.

374

01/10/16

15:43

Post #: 19559900
Share

Originally posted by 1sharetrader1 ↑

Very funny JD
There is little to no chance of a takeover in my mind.
As I have been saying for the past 6 years is that the Lulo lease will be more valuable than all of the other diamond mines in the world put together.
L259 could be worth more than many of the top mines put together and I value it at a minimum of 100 billion and value the entire Kimberlite field at lulo between 100 billion and one trillion dollars.
Not only are there other potentially high value targets such as L249 L251 L257 L46 L83 84 plus many others,there is also the potential for more unidentified low magnetic older pipes yet to be discovered like L259,and looking at google earth there appears there could be many more but smaller in size.
So the point IM getting at is by the time the company has done the required work on L259 for any potential interest from another company the L259 pipe would have been proven to be worth more than any other company could afford while at the same time other targets are being discovered and proven up.
So how is any other company ever going to be able to buy out Lucapa if my assumptions are correct and nor would the Angolans ever give up any of there share when the profits can so much benefit there people.
In fact I believe the Lulo western Kimberlite cluster has the potential to put 50% or more of other diamond mines out of business over the next decade or two.

Expand

So it's worth holding onto then you think.

Valuations aside, SW made it pretty clear at the AGM that his desire is to mine this ourselves as well as look to acquire further green fields, which has been shown by the Botswana acquisition.

That said, not all take overs are friendly and if $2.50 was thrown up, given that we are turning over 7 million shares at sub 50c, it's hard to argue that it wouldn't be successful.

LOM Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

First 177 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change -0.001(1.23%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
4.0¢	4.0¢	4.0¢	$530	13.26K

Buyers (Bids)

No.	Vol.	Price($)
1	77958	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	144000	1

View Market Depth

No.	Vol.	Price($)
1	77958	0.039
2	155446	0.038
1	100000	0.037
2	371414	0.035
1	85000	0.034

Price($)	Vol.	No.
0.042	144000	1
0.043	220000	1
0.045	20000	1
0.046	145000	1
0.048	50000	1

Last trade - 15.50pm 15/11/2024 (20 minute delay)

LOM (ASX) Chart

So it's worth holding onto then you think. Valuations aside, SW...

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

So it's worth holding onto then you think. Valuations aside, SW...

Top Stories

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News