LOM 3.45% 6.0¢ lucapa diamond company limited

sorry Baggy, but that's where you're wrong and short...

  1. 822 Posts.
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    sorry Baggy, but that's where you're wrong and short sighted... the whole reason were in this mess is because SW couldn't sit there and twiddle his thumbs. Instead he made a botch mess of the share registry, performing 5 cap raisings in a 3 year period, slaughtering shareholder value... all because he was convinced Mothae was the next Lucara. 0.2c is not a 'tiny dividend' - $2.8m would make a significant impact on investor sentiment - telling the market that we're profitable, and able to look out 5-10 years... furthermore a regular and ongoing shareholder return would put a floor under the share price... as would a small share buyback which would tell the market that the directors think the shares are grossly undervalued - which they are.

    Blind Billy can see that the kimberlite hunt is hampered by the ongoing majority percent ownership negotiations ongoing with the Angolans.

    With you're strategy, Baggy, you'd spend all remaining capital on kimbo-ex and force another cap raising at below 3c which none of us need
 
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Last
6.0¢
Change
0.002(3.45%)
Mkt cap ! $17.40M
Open High Low Value Volume
5.9¢ 6.2¢ 5.8¢ $66.14K 1.103M

Buyers (Bids)

No. Vol. Price($)
1 333535 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 37599 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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