The share prices says something about LOM. There may be one good...

The share prices says something about LOM. There may be one good announcement after another as stated previously on this forum however looking at the chart over the past 5 years (I'm not a chartist by the way) tells another story.......

Oct 2015 24 cents
Oct 2016 45 cents
Oct 2017 26 cents
Oct 2018 21 cents
Oct 2019 12.5 cents
Today we may get to 6 cents

Not exactly building momentum is it?

Far more optimism back 4-5 years ago on the "big find" happening sooner rather than later.
Also a deal "was imminent" with the Angolan government regarding ownership ***
Now we have many more shares on issue
Capital Raises required to fund expansion etc etc
Covid this year maybe...........

*** Are the Angolan Govt waiting for LOM to discover the kimberlite before handing over a larger percentage
or
Are LOM holding off finding the big prize until after they get a larger share!!??

Just my conspiracy theory!

In the past couple of years it has been a bit of a cash cow really, just hoping for a miracle discovery.

Personally I have greatly reduced my holding over the past couple of years.
Would still like to see the big prize eventuate but not holding by breathe.

It would be interesting to calculate management's wages over that time.
I think they may have pocketed more than us mere moral shareholders!

We will need many more large diamond discoveries to make the LOM share price move much I fear!