Fighting the dulling Demand for diamonds

@Bsee no pump bud, probelm is as highlighted below by bloomberg today - diamond prices are off 50% for this year. So sure given the LOM trainwreck we will grind on. Spare a thought for the larger "diamond" only producers right now, especially the ones carrying heavy debt loads. Plenty of these projects are going to hit the wall over the next 18 months should current diamond prices persist. Its not fair for me to "call out" those companies who wont see out the first 1/4 of 2025 today.

As for LOM - mate I think theyll put away the SPP but again it comes down to will they secure an underwriter or place to freinds. As for the secondary mkt, its simple if I can sell my LOM shares today and replace them with new shares plus a free option then selling down to 2c probably makes sense. As for recent placement players or as LOM BOD would like to call them "Sophisticated Investors" take the placement at 2c, keep the options and sell the shares makes for a free carry into any possible positive news for the next few years. No risk, thankyou for the free ride. Its placements 101, and usually with a "corporate Director" onboard making for a "vibrant" secondary mkt is paramount. things like working with professionals like Grygor is simply a telephone call away. Small misses like this maybe help explain why we are now 2c seller instead of 3c bid.

Tough week for LT LOM SH's timing is paramount in financial mkts, and LOM is a perfect example of a company that has been run on fear, hope and no strategy. If this was a private company the lucky owner would be BRW top 100.

Time to pack my tent and head to the forrest.

LB