LOM 2.86% 7.2¢ lucapa diamond company limited

LOM has several issues; the economic situation in Angola is...

  1. 300 Posts.
    lightbulb Created with Sketch. 4
    LOM has several issues; the economic situation in Angola is poor. The government is no doubt desperate to mine and sell as many diamonds as is possible. Oil was the major income for Angola but low prices have severely impacted Angola's economy.

    It is possible the government to mandate that LOM direct their efforts to processing alluvial material from where they are producing a steady stream of quality saleable diamonds and the occasional high quality large diamonds. LOM spending time and money on exploration drilling may or may not be productive and in the short term governments interest.

    The government will have a significant impact what happens to LOM and it's share price in coming months
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
(20min delay)
Last
7.2¢
Change
0.002(2.86%)
Mkt cap ! $20.30M
Open High Low Value Volume
7.2¢ 7.2¢ 7.2¢ $8.157K 113.2K

Buyers (Bids)

No. Vol. Price($)
2 51000 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 226161 4
View Market Depth
Last trade - 10.04am 25/07/2024 (20 minute delay) ?
LOM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.