"bj789 you are talking nonsense IMHO. Our management are top shelf when it comes to diamond mining."
the evidence says they are not. Their big hope L259? was a duster, and it looks like they had no plan B.
The mere fact that a cash strapped company had to acquire new projects Brooking, Mothae while they still had some money is witness to their own lack of confidence in ever being able to find a commercial source at Lulo. And before some parrot talks about diversification being good for companies did Argyle diversify? did any other big winner miner diversify? of course not.
I believe your faith in LOM's expertise is misplaced. IMO they are running on luck alone at Lulo, that's what the evidence says.
LOM Price at posting:
25.0¢ Sentiment: None Disclosure: Held
