LOM 7.50% 4.3¢ lucapa diamond company limited

Food for thought., page-19

  1. 5,809 Posts.
    lightbulb Created with Sketch. 3686
    zarzoore,

    ""At 75c I, ll take money off the table to buy back at the next CR... Classic scenario in this business... AT 40C PEOPLE CAN FLY THEIR KITES..."".

    Spoke with Miles Kennedy recently and was told by him that there would be no more capital raisings that he could forsee. After the sale of these diamonds I would imagine the company will have plenty of money, not to mention the possibility of options being exercised.

    So if you are wanting to buy back in at the next capital raising you may be waiting for some time.

    I would imagine the next bit of news will be regarding the proceeds of these diamonds that were announced on the 3rd of Feb.

    Don't quite understand who is currently selling stock, but I guess it's a free world. With the volatility the markets have experienced lately many investors and shareholders have become very short sighted and are happy to take the quick profit. I have picked up a few more today. Happy to wait for further news which should be coming over the next few weeks.
 
watchlist Created with Sketch. Add LOM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.