LOM
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3.45% 6.0¢ lucapa diamond company limited

My understanding is that New Africa Mining (NAM)has failed to...

  1. byron08
    2,369 Posts.
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    09/06/09
    13:05
    Post #: 5256644
    My understanding is that New Africa Mining (NAM)has failed to make the payments under the contract. Personally I'm not overly concerned as Lom has plenty of cash in the bank. I think we'll see Nam make the appropriate payments or we'll see the saga drawn out for years. It looks like Lom's management expect to start exploration in Lulo very soon.
    LOM Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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