Far East Capital Newsletter LOM Update, page-2

And this interesting FEC observation:

'One of our complaints about the previous managing
director was that he was too willing to dilute shareholders
with share issues designed to built his empire through
acquisitions, but without enough thought to dilution that has
kept the share price at its lows. Companies can reward
shareholders by building the share price and where a
company is profitable they might even pay dividends, but
investors waste their time if neither happens. So far the
Lulo alluvial diamond mine has been very successful,
operationally, but almost all shareholders are still losing
money. We are hoping that the change of regime results in
management being more responsive to shareholders
needs.'

Yes, agreed. Nick's time to show us the money via the SP. Investors will return when they see the company being more careful with shareholders' interests. It won't take a lot to lift the SP substantially from here.
B222.