LOM observations

After watching LOM HC posts for a while now, I have also share the frustration of a seemingly bizarrely
low SP . A few points

Full marks to Miles and team over the past years for the skill and perseverance to bring this company to where it is, operating in a somewhat difficult country, finding amazing diamonds. This should not be forgotten when people want to take pot shots at the management.

However....

It is because of the country risk the company needs to update the market more about the day to day progress its
making, when SH's don't hear anything they fear the worst.

Do not announce when the SP is 17.5 cents "we have just raised at a premium" when you give away free options worth 4/5 cents, people are not stupid, this sort of stuff erodes trust.

Explain better what you are doing to produce an outcome for SH's. Should the market cap be higher, yes , maybe $300 mio, yes, but lets hope we don't end up at 10 cents with 3 billion on issue.

Its a buy.