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2.50%

3.9¢ lucapa diamond company limited

LOMOB, page-30

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Timmyk

2,246 Posts.

370

18/02/16

17:56

Post #: 17057176
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Originally posted by ScotttJ ↑

Ok, so let's think this one through and I will go slowly for you guys.

Leveraging is not relevant long term since the conversion date is in the near future any long term holders are going to have to pay the premium plus the $0.30 so it would be illogical to buy LOMOB if you were planning to convert and hold long term.

So, if you're accounting the premium to being for a short term trade (<2 months) then ask yourself, what exactly is the play here? We are talking about a high risk, speculative share increasing in price over the next two months (short term) even though it has risen 30% in the past 2 weeks. Not only that, but, you are doing this at a ratio > 4:1 AND you are paying a premium for the privilege. If that is the best play you can find in the stock market, then you are not looking hard enough.

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I don't think anyone could question that it's risky, hell, a soon to be expired option in a spec stock would almost be the definition of risky, it's just the condescending rubbish that you put around your sentiment that gets people off side.

LOM Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.9¢	$18.13K	464.8K

Buyers (Bids)

No.	Vol.	Price($)
1	13000	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	32345	1

View Market Depth

No.	Vol.	Price($)
1	13000	0.038
2	78975	0.037
2	123111	0.036
3	381414	0.035
1	85000	0.034

Price($)	Vol.	No.
0.039	32345	1
0.041	38819	1
0.042	119000	1
0.043	138576	3
0.044	112000	1

Last trade - 14.16pm 16/10/2024 (20 minute delay)

LOM (ASX) Chart