LOM lucapa diamond company limited

Why on earth would any funds / institutions invest in this...

  1. 1,953 Posts.
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    Why on earth would any funds / institutions invest in this turd?
    Even Catty / Dannyboy is slowly coming to the realisation that he has done his money big time.
    LOM was never investment grade material even back in the day when they still had a skerrick of credibility left in their business model. Since they have lost all credibility it is going to take something extraordinary
    to turn things around and I am not convinced that finding the motherlode of kimberlite pipes is going to be the answer. That is assuming that these shysters have the knowledge to find it which is very debatable.
    On a side note, has the MIC been signed off yet?
 
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