No I am neither an expert for diamond pipes nor for geomorphology. Nevertheless I follow the discussions here since 2015 and some of the poster here provide very knowledgeable information. Due to my knowledge the ratio of prospective pipes is 1:100 not 1:200. Taking into consideration that there are 200 or more kimberlites identified on Lulo concession around Cacuilo river and Lulo river the chance is also not so bad from a statistical perspective. Actually they already identified 7 diamandiferous kimberlites where 1 might be on the border to being economic. But the main reason is that there are extremly rich alluvial findings which is a strong indicator for at least one rich kimberlite pipe. It is of course a gamble, Lucapa unfortunately wasted a lot of the possible shareholders value by huge dilution and they drove companie's expansion to fast and in a non-substainable way. But yes I still see a good chance that they find an extremly rich kimperlite pipe, although there is never a guarantee. Don't know whether they find it in one year, 5 years, ten years or fifteen years but I am still optimistic. My biggest objections are high dilution, low share in Lulo mine and general corruption in Angola. But I am still - and always was - optimistic that Lucapa is having a good chance to find an extremly rich kimberlite. It is just the question what this will mean for the share price in the end.
- Forums
- ASX - By Stock
- CHART
No I am neither an expert for diamond pipes nor for...
-
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.3¢ |
Change
-0.003(4.55%) |
Mkt cap ! $18.27M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.1¢ | $22.58K | 360.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 186345 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 186345 | 0.063 |
5 | 118936 | 0.061 |
1 | 120000 | 0.060 |
1 | 10000 | 0.058 |
2 | 66620 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 100000 | 1 |
0.070 | 72518 | 1 |
0.073 | 10000 | 1 |
0.077 | 70000 | 1 |
0.086 | 6875 | 1 |
Last trade - 15.57pm 21/06/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online