Meerkat...at least they produce the physical evidence (many times over!) & we can see the $$$ coming in for Diamonds which is actual FACT not just fictional ravings on like about 75% of other listed Companies.
It may have been a long haul for some but LOM now receives a few years revenue in the door just in the blink of a diamond so why bother being so critical of them at this point insinuating that MK only whips out a diamond when he wants to spike the price...you know that's wrong but some like to bait & court danger!
Have you ever seen Miles Kennedy speak or had a one on one conversation with him...?
At the Rising Resources Stars events he is always the most humble gentlest speaker & a breath of fresh air compared to some of the other Company CEOs 'spruiking'. He quietly & confidently introduces the quality of the Board (here...remind yourselves -
http://www.lucapa.com.au/board-and-management) & explains in backed up detail the many reasons that has led them to the location where they are now, displays TRUE FACTS of their several amazing large Diamond discoveries & then gives a modest calculation based on real knowledge that could possibly occur WHEN (not IF) they locate the Kimberlite pipe re Shareholder value!
When you speak to him afterwards you receive his full attention & he answers all your questions unlike other CEO's who are just intent on working out if you are a Sophisticated Investor or not who'd like to kick in a large lump for their annual salaries. I've got a good BS indicator & believe Mr Kennedy is passionate about wanting the holy grail for Shareholders too & whole BOD are knowledgeable & know how to sniff out rare Diamonds.....they just don't have X-Ray vision & have to wash the mud off before they see them too!
LOM is now one of the few Small Cap stocks that has income & before someone argues this is sporadic allow me to remind you this is the same for numerous other stocks too. We are all miffed & lost patience that we didn't sell at 60c as we expected to reach $1+ but am sure we will get there. It may not happen overnight but it will happen...! I want a truckload at these prices but have to wait until I free up some $$.
Best of luck to all holders that the future of LOM is as bright as a Diamond!
(20min delay)