LOM
Click for more information
7.50% 4.3¢ lucapa diamond company limited

Debt used to acquire assets that generate sustainable FCF makes...

  1. Lollies
    2,335 Posts.
    lightbulb Created with Sketch. 290
    clock Created with Sketch.
    18/12/23
    17:38
    Post #: 71511895
    Debt used to acquire assets that generate sustainable FCF makes sense.

    Using debt to acquire underperforming assets & then having to partially repay debt via dilution of the registry doesn’t.

    To talk about balance sheet strength is laughable.

    Lucapa has a minority shareholding in a JV in Angola.

    Cashflow from this operation is patchy, repatriation of funds is at the whim of a third party.

    Mothae is a dud & Merlin on hold.

    But sure sing, “we’re debt free” whilst holding less than impressive assets if that helps you cope.
    LOM Price at posting: 3.7¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Exceptional niobium intercepts confirmed at Stinger Discovery – dive into the latest assays
right-arrow Created with Sketch.
RCE Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
right-arrow Created with Sketch.
NEWS Full funding secured for Pular lithium project development: joint venture nears completion
right-arrow Created with Sketch.
AHK Mining lease application submitted for Sandy Mitchell rare earths and heavy minerals project
right-arrow Created with Sketch.
NEWS Strong operational performance drives third consecutive quarter of cash and bullion growth
right-arrow Created with Sketch.
NEWS Drilling to kick off at high-priority Bara Creek Prospect, targeting a promising epithermal system near the Bowdens Silver Project
right-arrow Created with Sketch.
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
(20min delay)
Last
4.3¢ 		Change
0.003(7.50%) 		Mkt cap ! $12.47M
Open High Low Value Volume
4.0¢ 4.3¢ 4.0¢ $10.52K 257.6K

Buyers (Bids)

No. Vol. Price($)
2 127773 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 29752 1
View Market Depth
Last trade - 10.41am 10/10/2024 (20 minute delay) ?
LOM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.