The next quarterly reports are due by the end of the month. An indication of the exploration progress that has been made in the intervening period can be seen in the following:
Significantly,Lom has recovered large numbers of gem quality diamonds from the lateritic gravels at Lulo.This is significant because the lateritic gravels are wide spread throughout the Lulo concession.p2, 2012 Financal Report.
Previously Lom was saying: 'The widespread lateritic ores in Lulo are RARELY DIAMONDIFEROUS' (MY EMPHASIS!!).P2, Lom quarterly report May 2011.
READNG BETWEEN THE LINES THEIR FINDING LOTS OF DIAMONDS WHERE THEY WEREN'T EXPECTING TO (in the lateritic ores)!!!
As the Americans say in the movies 'time to lock and load!!!'
LOM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
