Australia's largest stock trading and investment forum Australia's #1 stock forum

LOM

Click for more information

0.00%

4.0¢ lucapa diamond company limited

‘I am Not Here to fund some Mining on a small Australian Diamond...

First 19 Last

Share
Profile

Follow
davo1

2,920 Posts.

407

29/07/24

23:47

Post #: 74971582
Share

Originally posted by joergwerda: ↑

Sorry but the 100% Control is the only advantage. Total Potential Diamond ressources are betwern 100 and 250 M$. Mothae had a billion and we Just sold it for 10.000 USD and Just the alluvials of Lulo are Wörth significantly more. Merlin is a Tier 3 or Tier 4 Mine (Not sure If this exists) and we need to spend our rare Money to Develop it. I can understand that due to Frustration some over-optimistic people here try to sell Merlin as a Game changer, but its definitly not. I am Not Here to fund some Mining on a small Australian Diamond Mine so that the mostly Australian owners feel a bit more cozy. Actually Mothae and Merlin were Part of a diversification strategy to Deal with the country Risks of Angola and also to make shareholders more happy. Now after spendingbtons of Money into Mothae we should Not do the Same failure again.

Expand

‘I am Not Here to fund some Mining on a small Australian Diamond Mine’

You, like the rest of us are here to fund a large scale operation in Angola that’s regularly spitting out diamonds which have the highest price per carat diamonds on the planet. How has that worked out for us?

LOM Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

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

MKT

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

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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

PR1

Nanocap Pure Resources (ASX:PR1) acquires Reedy Creek garnet project, WA

There are more pages in this discussion • 15 more messages in this thread...

First 19 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $12.47M

Open	High	Low	Value	Volume
4.1¢	4.3¢	4.0¢	$3.574K	88.50K

Buyers (Bids)

No.	Vol.	Price($)
1	77958	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	28	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.
0.040	28	1
0.042	42213	2
0.043	220059	2
0.044	50000	1
0.045	20000	1

Last trade - 11.04am 11/11/2024 (20 minute delay)

LOM (ASX) Chart

SPONSORED BY