Thanks byron
So if lonrho plc is to invest some of that cash in lom then we may see the shortfall taken up in full some time early to mid january?
That would be fantastic as lom could get all the drilling done over the next two years.
And also if lonrho plc gets all the shares they will be in tight hands,so shareholder dilution wont matter as much.
Even with arround 2.6 billion shares on issue plus options we could still see 20 cents a share if a kimberlite mine worth 2 billion is proven up.
If lom has not discovered a kimberlite mine with a value in the billions within 3 years I will give up investing in spec stocks.
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2 | 283360 | 0.036 |
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