LOM

2.33%

4.2¢ lucapa diamond company limited

Lifer, my dear, this is my last post in my year of the washing...

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20/06/21

19:28

Post #: 53953218
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Originally posted by LifeBeinit: ↑

Wishing all LOMets all the best looking forward.

I know little about Merlin as an asset other than speculation and the thread really needs Merlin centric posters to keep it relevant. Mothae, Lulo, cutting and polishing, specials are now IMHO meaningless as the dilution factor due to the Merlin acquisition is so large that really it’s Merlin or nothing. Hence making me redundant looking forward.

Had we done the boring, hard sell, not so sexy option of a $20m placement to pay down debt - and kick in $3m to keep the Angolans happy. I think all being said and done most SH would have appreciated that it’s a tough pill to swallow - but had to be done to right the debt load and make for solid, measurable long term returns.

Maybe Merlin is a master stroke - most exciting acquisitions involve acquiring shovel ready asset(s) and getting it into production within the quarter - money going towards production rather than money going towards exploration drilling. I find the cost per carat base case justification to be out of date & irrelevant due to the fact that the asset is not in production. The assumption has to be a high grade resource - and that’s difficult to quantify right now. Big difference between economical and uneconomical resource.

I have no doubt that SW has an exciting plan, and I’m sure that Merlin will have its day in the sun. Hey if they focus on greens and pinks we might even catch a bid. If the numbers look good enough they even may be able to partner up with someone to kick the project along. Again need the results first SW - oh yeah & that’s a signed off BFS - we’re in Oz now not Angola. I wish all LOM SH all the best looking forward, thanks for your past discussion’s I’ve always enjoyed posting on this thread and wish everyone all the best looking forward.

have a great weekend
signing out

LB

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Lifer, my dear, this is my last post in my year of the washing machine ( 69)
Tomorrow - Solstice -the sun is high-- any coincidence ?
Double Twin Solstice Jump -hopp- into the 7th house - yes - lucky 7777777
and not too old to hold LOM tight or write stupid posts. Think about it !!!!

LOM Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $12.18M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.2¢	$6.548K	154.9K

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No.	Vol.	Price($)
1	240000	4.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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1	90000	0.040
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0.045	38400	2
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Lifer, my dear, this is my last post in my year of the washing...

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Lifer, my dear, this is my last post in my year of the washing...

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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