ann: Brooking Diamond Project, page-35

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13/10/16

11:52

Post #: 19827599
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Originally posted by Barney82 ↑

While this ann is not huge the LOM story just keeps ticking boxes and at present is grossly undervalued. The scare tactics of the bot in play, shorting and way it trades is at an end. We have seen the breakout of the long term pennant - now is time to continue the run.

FA (TA to follow separately)

Some very basic figures - the long termers here might add more detail (or correct if I've made any errors):

Qtrly production = 8800 carats
Last sales price averaged $1868 / carat
Qtrly revenue = approx. $16.4 m
Operating expenses (all in) are estimated at around 55% (courtesy of Hartley's)
That's gives an EBITDA of $29.5m
LOM's 40% = $12m

THIS IS ONLY EXPLORATION!!! And this is increasing as they ramp up!

In addition the XRT machine is due to be commissioned now (early this qtr) and they have stockpiled material highly likely to contain specials greater than 295 carats, up to 1,100 carats. Considering this I believe LOM have plenty to go on with, wet season or not.

The have cash and are generating much more to fund exploration and as we have just seen today, project acquisition. The future LOM will be diversified out of Africa, funded by their operations there.

It's time to put 2 & 2 together. The market has already done that which is why it broke out of its long term consolidation. That was halted as fear came back into the stock fabricated entirely by an entity that wants to accumulate. The stock has even been shorted in small amounts with the pure intention to keep a lid on the SP, the shorted amounts aren't huge but nor should they be - at any moment LOM could drop another ann that they have found another 100+ carat stone - who in their right mind would take that risk, especially on a stock already undervalued!

In summary, time to buy and make sure the bot pro's accumulating pay a fair price instead of a manipulated discount. 65c is the starting point.

Expand

No trades from 11:00:48 until 11:41:00 today....
....not many sellers of volume seem ready to part with their shares. Pretty sure the bot has done its job quite well and shaken out the loose shares. Still managing to hit stops and create a little fear though...

At some point we will start to see line wipes at intervals to 56c. Seems unlikely that this will happen without a catalyst ann's..... GLTAH

@Barney82 that last candle just broke support on the 10min 10day TF. No volume coming in though....

LOM Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(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

ann: Brooking Diamond Project, page-35

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ann: Brooking Diamond Project, page-35

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