I see today's announcement as immaterial except it sets up for further future success.
They are going after the big prize I get that but the market hasn't yet acknowledged that LOM is an undervalued stock in it's current state as a cash generating explorer. Even if LOM continued indefinitely with it's current state of business the MC should reflect its cash generation - IMO starting at about $220m.
Agree they should keep their eye on the prize and not get side tracked but setting up for further success is no negative.
LOM is a buy, and a keeper.
LOM Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
