LOM 1.54% 6.4¢ lucapa diamond company limited

There has been big sell down on LOM for several months more than...

  1. 216 Posts.
    There has been big sell down on LOM for several months more than for many equivalent explorers and the only "ceasing to be a substantial holder" note was on Dec 1st from Blakeney LLP which only noted a passive cross below 5%. Its not really clear that they disposed of any shares via HSBC. Blakeney are a specialist London based fund with their main interest in Africa for intitutiional only clients - they look like long term investors rather than traders.

    I think there are games being played with LOM - note the following observations:
    - this morning, first trade a 10,000 sell for 0.6c for a total of $60
    - a bizarre dump of 100,000 shares for 0.7c on Dec 7th just after MK announced his participation in the entitlement offer, then a big dump over the next 2 days taking out all the bids at 0.6c, with 26m volume on Fri ending back at 0.7c
    - 11% SP drop following the announcement of a 53 caret diamnod discovery Nov 23. 20+ m volume for the day; opens 0.9c jumps to 1.0c but finishes down for the day at 0.8c

    It would not be too difficult using separate accounts via a Nominee holder like HSBC or CS to initiate a sell down from one account to the other, forcing the SP down without significantly changing the numbers of shares held.
 
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Last
6.4¢
Change
-0.001(1.54%)
Mkt cap ! $18.56M
Open High Low Value Volume
6.5¢ 6.5¢ 6.1¢ $302 4.889K

Buyers (Bids)

No. Vol. Price($)
5 84933 6.1¢
 

Sellers (Offers)

Price($) Vol. No.
6.4¢ 85223 2
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Last trade - 13.39pm 08/07/2024 (20 minute delay) ?
LOM (ASX) Chart
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