Well said @Frogtrader
We're no dead duck.
This quarter is one to watch re: Mothae and production numbers
Lulo is performing at best production numbers to date. One for the AGM - I noticed that we're kicking in another $3m for Lulo out of the recent cap raise SW - would be nice if you we're to elaborate in full here, as to me I think theres a missing piece to the puzzel - more info. In full. Please. As going by past endevours only monies from Lulo alluvials went back into the project - and you've been firm on that for a few years now...$64k question - does this $3m spend come with an increased % stake in Lulo too ?
Merlin - I'd rather leave the details on this one to others. Hard to tell exactly how much of a good deal they got on this one, all I can say is that at one point in time the Merlin asset had a mkt cap of around $200m. If SW and MK can do what they do best and deliver on an increased JORC, with some colour - theres no reason why the asset couldnt command a valuation of around this figure.
Although I'm disapointed at the dilution, I'm happy for SW to field an avalanche of questions on this stand alone issue. My personal target valuation(s) for LOM is as below:
Mothae - target valuation $80m
Lulo/Alluvials + Kimberlite potential % ownership Angolan Assets bundle - target valuation $80m
Merlin - if delivered on - conservative target valuation $80m+
3 continent assets - total target valuation: $240m or around 18c per share
At around these levels LOM would probably make it into the index, so retail buying would no longer be needed to support the stock.
Have a great week LOMets,
LB
- Forums
- ASX - By Stock
- LOM
- Ann: Acquisition of Merlin Diamond Project and A$23M Raise
Ann: Acquisition of Merlin Diamond Project and A$23M Raise, page-28
-
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $20.30M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 7.0¢ | $13.55K | 193.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 259859 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.068 |
1 | 100000 | 0.065 |
2 | 127722 | 0.064 |
3 | 124801 | 0.061 |
1 | 16666 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 259859 | 6 |
0.073 | 139658 | 1 |
0.077 | 70000 | 1 |
0.080 | 100000 | 1 |
0.093 | 100 | 1 |
Last trade - 10.58am 26/07/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |