LOM

6.98%

4.0¢ lucapa diamond company limited

Don’t waste your time and effort trying to convince 1S1 that...

First 29 Last

Share
Profile

Follow
Insiderunner

6,555 Posts.

1048

19/10/21

15:29

Post #: 56910180
Share

Originally posted by Cridz: ↑

So they won't find a commercial pipe at Lulo but should have just kept it and not diversified???
If the kimberlite is at the current surface or near you don't need to test deep initially as kimberlites are usually homogenous throughout the pipe. Only if the pipe significant overburden would you need to go deep initially. The fact that kimberlites in the area appear near surface and diamonds have been transported alluvially suggests at surface bulk sampling will provide the information if a kimberlite is diamond bearing, only after that do you need to test at depth for the kimberlite parameters.

As for calling the addition of Merlin a mistake! Diversifying into a known resource of high quality diamonds, with a team that has technical knowledge of the resource with rising diamond prices, at low initial cost would seem like a prudent business decision.

Expand

Don’t waste your time and effort trying to convince 1S1 that Lucapa has got anything right.

He is adamant that 259 is covered by 100’s of metres of overburden, and as such is uneconomic.

Probably eaten too many unripe grapes.

LOM Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

IMU

Imugene kicks off Australian trial for blood cancer treatment

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump is President Again: What Does This Mean for Crypto?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

There are more pages in this discussion • 4 more messages in this thread...

First 29 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change -0.003(6.98%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.0¢	$11.19K	267.9K

Buyers (Bids)

No.	Vol.	Price($)
1	77958	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	39645	1

View Market Depth

No.	Vol.	Price($)
1	77958	0.039
1	45446	0.038
1	100000	0.037
1	83360	0.036
2	371414	0.035

Price($)	Vol.	No.
0.046	145000	1
0.053	150000	1
0.055	8000	1
0.062	120000	1
0.069	116000	1

Last trade - 15.51pm 08/11/2024 (20 minute delay)

LOM (ASX) Chart

Don’t waste your time and effort trying to convince 1S1 that...

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump is President Again: What Does This Mean for Crypto?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Don’t waste your time and effort trying to convince 1S1 that...

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump is President Again: What Does This Mean for Crypto?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News