LOM 6.98% 4.0¢ lucapa diamond company limited

Ann: Quarterly Cashflow Report, page-12

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  1. 7,337 Posts.
    lightbulb Created with Sketch. 1138
    'Could someone please explain to me. Are they trying to dig diamonds out of a swamp?'

    Really !! - is that a physical or mental hercules in your nic ?

    Yep looks like a swamp to me:

    lom7.jpg
    Maybe you are getting confused with the fact that it rains heavily for approx 4 months of the year & many places get covered in water, wet & slippery. This is why they are working the 'lower grade' block 6 at present vs the higher grade block 8 & why they are installing a 'wet front end' onto the DMS plant, so they can more efficiently process 'wet' gravels.

    My biggest worry is that all the diamonds in block 8 will float away & all that water will extinguish the volcano/kimbo so that no more diamonds will be made & LOM will go broke. Looking for a chance to sell now before that becomes public knowledge !!
    .
 
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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
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Last trade - 15.51pm 08/11/2024 (20 minute delay) ?
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