LOM 0.00% 7.0¢ lucapa diamond company limited

Ann: Annual General Meeting Webinar Registration, page-31

  1. 932 Posts.
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    Well, some of us here were Merlin shareholders for a long time and do have an understanding of how things were working there.

    After buying into LOM to lay off the MED loss, and watching the fall in share price of LOM slide an interesting parallel could be observed between LOM and MED.

    For MED, there had been diamonds extracted and sold.

    But the funds raised from their sale each time never reached the pockets of the local shareholders as dividends but would just waft off elsewhere.......
 
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