End of the 2016/2017 Wet Season?, page-86

These people aren't idiots. Spoil for use as diversionary purposes has to be clay - it's impervious. If LOM are hooking out rock or silt based material, or a combination of both, it wouldn't line a nappy, let alone a river. There will be a plan in place. Ideally, they have identified an area of predominant clay base. Worst case scenario, they will have to import material. A few things to consider for those hoping for a lower entry point. LOM is still owed more than 47 mill. Obviously that's contingent on future profits, but that's nearly half our current market cap. EOFY firesale to lock in tax losses ends on Fri. Production update due in about 3 weeks. That's excluding any positive anns out of the blue. I've been chomping on oppies. Cheap as chips. GLTA.