Thanks BAGMAN for your questions yesterday and I can confirm for non-attendees what you have said today.
At last year's AGM there was a commitment to purchase non-tradable share holdings (Completed/RS purchased) & to consolidate number of shares issued (purpose of meeting).
MOTHAE has underperformed & asset writedowns past two years reflect performance.
Large quality diamonds from LULU make a significant impact on revenues & SENTIMENT.
MERLIN is on hold but work continues on building a sustainable model to develop in time.
Also questions were raised on % ownership (SPV % was said to be 51%), new NEDs (process is advanced) & new raisings (not expected).
I think there will be greater clarity on such matters noting status of the new LULU EL, NEDS appointments by AGM and optimism of performance at LULU after seasonal rains & bridge construction works near the alluvials.
I am looking forward to more regular news flowing from LULU (ALLUVIAL & BULK SAMPLING) and MOTHAE.
Also NS mentioned updated LULU resource statement remains positive.
I agree that both NS & MK came across as sincere in their responses to questions with a commitment to improve news flow.
Now is the time for MANAGEMENT to turn LOM around and I believe that will start with confirmation of the new LULU exploration JV, output from LULU with MOTHAE improvements and appointment of experienced NEDS.
GLTAH.
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4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $12.18M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $4.94K | 120.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 138576 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.040 |
4 | 497871 | 0.039 |
1 | 60000 | 0.037 |
2 | 123111 | 0.036 |
3 | 381414 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 138576 | 3 |
0.044 | 112000 | 1 |
0.045 | 38400 | 2 |
0.046 | 181600 | 2 |
0.047 | 124900 | 2 |
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