I remember the Euroz coverage of Lucapa and the repeated 60c + valuations. They were different times, I suppose.
The overwhelming sentiment from active investors on the ASX towards LOM these days seems to be apathy and disinterest. IMO, it's illogical, bordering on bizarre.
Surely some of these larger funds will wake up to the new reality for LOM, which is - not raising cash, but banking it, and act accordingly by buying shares on market.
Ann: Four Lulo Diamonds Fetch US$17M (A$26M) at Tender, page-17
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