LOM 0.00% 6.7¢ lucapa diamond company limited

Ann: Lucapa Delivers Record Quarterly Diamond Production, page-20

  1. 33,577 Posts.
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    Lollies is losing it trying to be the Devils advocate , as JJace mentioned Mothae was built by LOM for a far lower capex than the previous owners had envisaged .
    From memory the higher grade area could not be mined due to a new water storage area being built , so what was achieved for the quarter at Mothae seems good , and as mentioned the higher grade/carot diamonds have been held back from sale .
    Maybe frustrating seeing the sp where it is , but with the company cashflow positive despite expenses for kimberlite pipe wild cat exploration which could be a game changer I would rather have my money in this WITH ITS POTENTIAL than in the bank at 2% .
 
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