Ann: Lulo Delivers 14th 100 Plus Carat Diamond, page-35

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macssharesforfun

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13/01/20

07:56

Post #: 42344474
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Originally posted by bungy234: ↑

@Neutral scot, it’s difficult to make assumptions based on drilling at L14 because accessibility issues.

I want to say that the market has been kept more in the dark since SW was appointed. Perhaps we were spoilt, then again they haven’t given us much to cheer about after L259 proved to be a duster. It almost felt like we were back to square one, so rather than give us less information, I feel we should be given more.

At last year’s RRS I mentioned to SW and NS that the company did not publish the full TDEM imagery. They looked at each other in a way which implied that they were surprised, so I assured them that the market only got a small portion of the survey, and that was way upstream of the Cacuilo valley. Certainly nothing around mb6 and 8.

At the 2016 AGM, SW did mention that MM was somewhat out in the plotting of kimberlite targets. Unfortunately, we (shareholders) only have the original aeromagnetic survey available to us, because it appears that the full TDEM report has been ‘hidden’ from public view.

If they provided us with the TDEM report around L14 we wouldn’t be second guessing.

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Great info and analysis, as always bungy.

Is there a chance that the reason the TDEM analysis has not been made public is the renegotiation of the Kimberlite share %'s?

I would imagine that it would certainly be in LOM's best interests to not have the full potential of the kimberlite search in the public domain at such an important time.....if that were allowed.

GLTAH.

LOM Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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