LOM 4.76% 4.0¢ lucapa diamond company limited

Ann: Premium 62 Carat Diamond From Another New Area At Lulo, page-34

  1. 21,239 Posts.
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    frustrating situation with LOM ...
    there's no doubt their tenement is world class, but how to properly exploit it? LOM always appears to be 'pecking around the edges', tantalisingly close but never quite hitting the jackpot, periods of stagnation punctuated by the occasional prize. I don't know if it's a lack of expertise/understanding of Lulo or insufficient resources to tackle a big job. My impression to date is that LOM is simply fossicking on a big scale, there doesn't seem to be any primary focus for their activities. Maybe they need a lot more information to identify prospectively high value targets and then give it all they've got? The prospect of more years of hit and miss exploration won't impress the market and LOM will remain forever a bridesmaid IMO....
 
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