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1.41%

7.0¢ lucapa diamond company limited

Think about it . Rio Tinto invested 48o M Dollars in Serbia ,...

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28/01/22

09:08

Post #: 59179329
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Originally posted by bungy234: ↑

IMHO, the market is asking SW, where’s our money from SML?

I don’t, for a moment, think that they’ll be any issues getting money out of Angola. The delay would no doubt be red tape related.

Long term holders will be familiar with the glacial pace out of Angola, but I suppose we shouldn’t be too critical of a country which endured almost three decades of civil war.

The current ruling party is doing its best to reduce corruption, and there in lies some of the red tape. If this adds to the delay in repatriating funds from Angola, I’m ok with that.

Patients is the key here, and if you’re smart and brave enough to accumulate a stock which is already heavily discounted, then good on you!

All IMO, of course.

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Think about it .
Rio Tinto invested 48o M Dollars in Serbia , over the years --- and took a bloody nose
Lucapa will make it - anyway. Passion for diamonds and the right location.
We are there already - Angola - for a decade !

Cheers

LOM Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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(20min delay)
Last 7.0¢		Change -0.001(1.41%)		Mkt cap ! $20.30M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$12.35K	176.4K

Buyers (Bids)

No.	Vol.	Price($)
3	121431	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	27000	1

View Market Depth

No.	Vol.	Price($)
3	121431	0.070
1	120000	0.068
2	127722	0.064
3	124801	0.061
1	16666	0.060

Price($)	Vol.	No.
0.071	27000	1
0.072	108501	4
0.073	153356	2
0.077	70000	1
0.093	100	1

Last trade - 15.57pm 31/07/2024 (20 minute delay)

LOM (ASX) Chart