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4.3¢ lucapa diamond company limited

Ann: Quarterly Activities Report, page-61

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beaglebasher

1,430 Posts.

347

13/08/24

16:59

Post #: 75189127
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Originally posted by linear: ↑

'There can be no argument about that'. I disagree.

Lulo has returned a significant amount of money to Lucapa, it just hasn't been spent very well. We are told the repatriation arrangement from Angola has improved and cash is being transferred to Lucapa in Australia without lengthy delays. The alluvial operations have been funding an expensive kimberlite exploration program. We are also told that we are on the verge of securing a majority interest in the kimberlite JV.

Also worth noting we currently have no secure tenure over the kimberlite JV, beyond a temporary extension to the existing kimberlite JV. What would you sell, the alluvial operation?

It seems crazy to talk about selling anything at Lulo to fund Merlin. A market cap of $15m is absolutely shocking, and nonsensical. IMO.

Action and leadership desperately needed from our lot to get this back on track.

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What would I sell ?
I would sell the whole friggin lot and run for the hills.
As you allude to, there is undoubtedly potential there so that gives it a certain monetary value.
My question stands. How much might it be worth to an operator that isn't an incompetent bunch of useless pricks?

LOM Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.3¢		Change 0.000(0.00%)		Mkt cap ! $12.47M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.3¢	$421	9.8K

Buyers (Bids)

No.	Vol.	Price($)
1	240000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	184471	2

View Market Depth

No.	Vol.	Price($)
1	240000	0.041
3	350000	0.040
4	537871	0.039
3	197211	0.036
3	381414	0.035

Price($)	Vol.	No.
0.044	184471	2
0.045	38400	2
0.046	181600	2
0.047	100000	1
0.048	150000	1

Last trade - 10.14am 03/10/2024 (20 minute delay)

LOM (ASX) Chart