Ann: Quarterly Activities Report, page-70

In terms of share price performance, LOM could only be described as ugly, whichever way you look at it.

I am personally down well over 6 figures on my investment in LOM. That hurts.

But more recently, there is no pleasing this market.

Debt free.
Just announced a $15.7m special sale.
Specials keep coming at Lulo, with 123 and 208 carat recoveries in October.
Likelihood for Lulo dividend to Lucapa in CY23.
Market cap less than half NTA value.
Huge potential at Lulo with kimberlite exploration.
Mothae asset - debt repaid, performance improving.
Merlin asset - acquisition paid, low cost development options being assessed.

No funds or major shareholders seemingly have any interest in buying on market. Maybe they expect the tin to be rattled again for the development of Merlin? If LOM is serious about improving the SP, there needs to be a Merlin development strategy that does not involve another capital raise - at least in the medium term. Investors need to have NO alternative but to buy on market. IMO.