LOM has always been about finding the source of some of the world's rarest and most valuable Diamonds. It'a a High-Risk/High-Reward investment and has always has been a speculative play.
If we get lucky and find the source the SP will go up 10-15 times. Most investors would have understood this risk before investing in LOM.
What anyoys me the most with LOM is not the SP but the non holders that constantly downramp the stock. Why would any non-holder make over 50 posts this year alone?
1. They really care for all investors in LOM and are happy to waste their time pointing out the risk that investors may have missed.
2. They are traders or investors and post negative posts when they don't hold in an attempt to lower the SP to buy back in cheaper.
3. They lost a substantial amount of money in LOM and blame the management and the company and feel the need to downramp the stock as a form of revenge.
LOM Price at posting:
6.3¢ Sentiment: None Disclosure: Held
