Their market cap is too low for any of the larger funds to take interest at the moment.
The money will flow but patience is required.
Key will be how they use the money when the funds start to hit their account.
The recent sale might also allow them to hold back the smaller / lower quality diamonds for a few months in anticipation of a correction
Ann: Four Lulo Diamonds Fetch US$17M (A$26M) at Tender, page-18
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 (20min delay)
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Last
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $20.30M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.6¢ | $5.404K | 79.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 155889 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 288975 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.002 ( 2.99 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 6.9¢ | 6.7¢ | 83825 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| LOM (ASX) Chart |
