LOM 9.52% 3.8¢ lucapa diamond company limited

Ann: Successful Placement Raises $10 Million, page-15

  1. 666 Posts.
    lightbulb Created with Sketch. 335
    Timeline to implement capacity improvements is sledged at 4 months - reads ok:

    https://hotcopper.com.au/data/attachments/2631/2631318-9989114817812ac0baa1cf2c04c7aa95.jpg

    so if we end up producing close to 100k cts/yr then effectively we should end up in the strong mid tier diamond production space. If we can deliver on the margins as suggested in LOM’s recent presentation then we’ll have a strong business.

    Again, looks like LOM is stepping up its game. New investors / institutions who participated in the recent placement should do well. Here’s hoping that there’s enough left on the table for that to have a meaningful flow onto existing SH’s too.

    LB
 
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