LOM 4.55% 6.3¢ lucapa diamond company limited

LOM mentioned in Far East Capital weekly below.......looking...

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    LOM mentioned in Far East Capital weekly below.......looking more positive....at 3.5c, a good bet IMHO.......GLTA

    http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm30Sept2023.pdf

    Far East Capital Ltd - 30 September 2023Weekly CommentaryLucapa continuing with good kimberlite resultsLucapa Diamond Company (LOM) reported further good kimberlite sampling results last week, from the Lulo concession in Angola. In what was a rather low key release, it simply stated that seven samples were taken from three kimberlites. The best result was eight diamonds for 4.16 carats, from L440/01.To remind you, Lucapa has been successfully operating a profitable alluvial diamond mining operation at Lulo for a number of years. As good as this has been, the really big prize will be the discovery of hard rock, kimberlitic mines that could operate for many decades. Lucapa seems to be closing in on the source of the alluvial diamonds, having found 14 diamondiferous kimberlites of various sizes. We can now legitimately describe this as a new diamond field with obvious positive implications. It is not reliant on only one pipe and it may be that several of these pipes prove to be economic, depending upon further evaluation work. Thus, Lucapa could be looking at operating alluvial and hard rock mines for many years. The share price has performed like a dog, but operations are going well.




 
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Last
6.3¢
Change
-0.003(4.55%)
Mkt cap ! $18.27M
Open High Low Value Volume
6.5¢ 6.5¢ 6.1¢ $22.58K 360.4K

Buyers (Bids)

No. Vol. Price($)
1 186345 6.3¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 100000 1
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Last trade - 15.57pm 21/06/2024 (20 minute delay) ?
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