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LOM

4.76%

4.0¢ lucapa diamond company limited

LuloThe last quarterly had red flags too Tonnes mined increased...

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lame

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27/02/24

16:42

Post #: 72624717
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Originally posted by joergwerda: ↑

Ok I have a new theory . I was always asking myself why SW quit as a CEO. I know, bad performance etc... But on the other hand he was really an experienced and smart manager and he was the only one with an accounting background, so probably the most proper choice to keep the money together and run a sustainable strategy. Although LOM was not very succesful with this strategy SW was maybe the manger fit best.

What if he did not left because he was forced to, but what if he left because he saw what is coming and did not want to ruin his reputation. Ok Baggy, don*t worry, this is just a joke/unsustantated speculation . I believe that we get the licence renewed, why shouldn't we. I doubt that there will be an increase in our share, why should the other ower of Lulo give this to us. And in my opinion the reason for this slide in the share price is that it puts a spotlight on the main pain point of the company, that cash flow is still not sufficient to fund all the activities. And this is why everybody sees this reverse split just as a prelude for future CRs and this is why the sentiment is so bad because everyone just sees that on a constant level money needs to be pumped into the company to keep it alive.

So nothing new, same situation like in the last five years in my opinion, reverse split just makes the situation more obvious to the public and some lost their faith.

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Lulo
The last quarterly had red flags too
Tonnes mined increased 95%
Tonnes processed dropped 5% (mined tonnes predominantly overburden?)
And where the money is , which is large stones 4.8 carat+ dropped 41% and specials 10.8+ dropped 60%

Last edited by lame: 27/02/24

LOM Price at posting: 2.5¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.002(4.76%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.0¢	$19.32K	472.0K

Buyers (Bids)

No.	Vol.	Price($)
1	66492	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	112000	1

View Market Depth

No.	Vol.	Price($)
1	66492	0.040
4	287000	0.039
1	260000	0.038
3	197211	0.036
2	371414	0.035

Price($)	Vol.	No.
0.044	112000	1
0.045	57800	2
0.046	181600	2
0.048	150000	1
0.055	30000	1

Last trade - 12.27pm 27/09/2024 (20 minute delay)

LOM (ASX) Chart

LuloThe last quarterly had red flags too Tonnes mined increased...

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LuloThe last quarterly had red flags too Tonnes mined increased...

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