19M$ or even 38M$ to be written off in second half due to discontinuation of Mothae, not sure how to read the report. Only 300K cash left and what is even worse only 1.3M cash left in SML (probably due to wet season). Orapa discontinued (what I was not aware before but what is consequent when focussing on Lulo). So overall the - expected - disaster in my opinion, but this was clear before and also explains the current SP. Most interesting question is whether they manage the turnover before running out of money, I hope that yes. I will stay invested (pure FOMO investment) but I am prepared to loose also the rest of my money. By the way, even if Lucapa becomes a ten-bagger I still would not have comnpensated all my losses, although I was so wise to get out in between for a while so I did not even took all the losses.
LOM Price at posting:
4.5¢ Sentiment: Sell Disclosure: Held
