It's been a long journey for many. I for one holding since pre consolidation days have absolute confidence in Miles and co that they will deliver to meet and exceed our expectations as investors and provide us the opportunity to exercise loyalty options in due course and reap the benefits presented as they confirm the kimbo.
New investors now have a challenging entry and will have to pay premium once the pipe is confirmed economical and LOM is rerated according to its identified resources and potential massive profitability. With potential comparisons to Lucara (570mc) and Gems Lesotho/Leseng (10 billion with 2 mined kimbos) Lucapa's MC will multiply substantially even with one economic kimbo confirmed. Every company has similarities but it all comes down to the quality and size of the resource like it did with Sandfire and its gold resources, Lucara and Leseng (Gem). The current stones being extracted from Lucara are up there with the BEST with dark garnets clearly leading to clues. LOM has massive potential and given the absolute carnage on commodities right now, I have no doubt it would be a takeover target and the shining light for mining stocks which have been slaughtered over the last few years. It's time for a turnaround and LOM will become one of the beacons for potential upside in this exciting industry. This stock will soon show long term investors who do their homework are well rewarded and rightly so. Our nation and mining sector needs confidence and good news stories. I ask all naysayers to respect this time and wish LOM holders well no matter the size of holding.
I'm holding steady enjoying the view as it unfolds.
What's your thoughts on assuming a very positive economic kimbo announcement? 500 million mc. (conservative) up to 2b mc (assuming one massive confirmed economic kimbo) on pipe confirmation and rerate? SP possibly ranging between 2.00 to 6.00. If Lucapa have more confirmed Kimbos then you will need more hats to hold on to.
Thanks to the regular posters on HC LOM threads over the last few years who have been providing thoughtful and committed in-depth analysis whether it's fundamental focus or technical based. Bungy, Daz, unawares, jjace, buster, s1s, eshmun, jawD, TimmyK, Suz, sparegunner, coxxy and co, keep up the good work and good luck to all holders. Appreciate all you have contributed in this forum.
Wishing you good fortune.......
DYOR.
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $20.30M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 7.0¢ | $13.55K | 193.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 259859 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.068 |
1 | 100000 | 0.065 |
2 | 127722 | 0.064 |
3 | 124801 | 0.061 |
1 | 16666 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 259859 | 6 |
0.073 | 139658 | 1 |
0.077 | 70000 | 1 |
0.080 | 100000 | 1 |
0.093 | 100 | 1 |
Last trade - 10.58am 26/07/2024 (20 minute delay) ? |
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