LOM 3.45% 6.0¢ lucapa diamond company limited

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    Just saw this on Ten Bags Full

    We have a big week ahead for Lom- the next quarterly will out this week announcment that the new Caterpillar equipment have arrived Update on valuing diamonds in particular confirming that diamonds are indeed Type IIa- this would add an easy $10m to the valuation of the stones recovered so far. Progress of DMS- this is the game changer. should arrive a week or two after the caterpillar. Progress of negotiations with Endiama on the size of the 'marketable parcel', expecting this to be around 1500 carats. Would also expect that an 'interim mining licence' would be granted to allow the sale of stones recovered so far. Once a mining licence has been granted, I expect that Lom will be able to start using some debt to fund operations.

    Once the new DMS is operational, then Lom has no further capital equipment needs and only needs to fund ongoing operations.

    Also expect update on Bauer contract dispute.
 
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Last
6.0¢
Change
0.002(3.45%)
Mkt cap ! $17.40M
Open High Low Value Volume
5.9¢ 6.2¢ 5.8¢ $66.14K 1.103M

Buyers (Bids)

No. Vol. Price($)
1 333535 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 37599 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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