My view is that LOM should be providing us with an update on the situation with the kimberlite exploration licence renewal and drilling program.
Why is it still not issued 6 weeks after a Government representative said it would be granted?
Has some issue arisen to prevent it being granted?
Are discussions ongoing that effect the granting of the licence?
Has the drilling program been suspended?
If the drilling program is continuing, what results have been obtained?
I'm surprised the SP has held up so well given this delay in what has previously been promoted as a formality. How could any fund invest given the current circumstances?
Change in sentiment from buy to hold until it is resolved.
Ann: A$8.2 Million from Additional November Sale, page-52
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