Good buying under 20c, page-37

Interesting trading in LOM right now, drilling down on past financials looking for silver bullet line item(s) taking us to where we are today is an interesting micro discussion, IMHO it’s alittle easier if one takes a look at the macro. As much of the future revenues are unknown, grades look good at Mothae, Angolan diamond sale to come - its a $ in $ out game from here, and we’ll have a better idea of how things are going over the next 2 quarters. The general commentary from LOM is that they want to be in the HQ diamond space, and continue highly prospective drilling along the way - we’re no high debt LQ bulk diamond play, and this seems to be the problem in the sector right now - falling revenues matched with too much debt. 

In the meantime I posted a chart of diamond equity stocks the other day, and I think that it also applies today as a good Macro indicator to where the sector stands right now. So we are not the only listed equity diamond play that is under pressure right now: