This diagram below is taken from ASX homepage. Actually the problem is that LOM is still burning a significant amount of money. This was also my initial fault when I entered in 2015 that I thought that the alluvials are sufficient to keep the company up and running and that company can fund itself. This obviously is not correct and this is also the main reason for the low SP. As soon as this is changing (or the source is found) the SP will turn upwards.
LOM Price at posting:
12.5¢ Sentiment: Sell Disclosure: Held
