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4.2¢ lucapa diamond company limited

Options exercise, page-24

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Timmyk

2,234 Posts.

361

09/06/15

22:27

Post #: 15438497
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Originally posted by aries123 ↑

JD,

The story will not change unless LOM can arrest the cash bleed.
In the last year outgoings from the LOM quarterlies were,

$3.423 Million Mar 15
$3.696 Million Dec 14
$2.815 Million Sept 14
$4.101 Million June 14, giving a total of

$14.035 Milllion Dollars for these 4 quarters which for the most were only for exploration.

Now that they are both still exploring and also mining it would be fair to assume that costs will be appreciably higher wouldn't it?

Now that LOM is a producer it will be treated like one and until it starts producing a Profit (and NOT just an operational positive cash flow because there is a big difference ) it will not IMO attract any significant interest.

I don't class an asset that can't pay its way as an asset do you?

It is my personal opinion ( and has been for a very long time as you will recall) that the options will expire worthless.

Expand

So what you're saying is sales only need to be $1.2m per month to cover costs from here on, when we made near that last month and production will be growing exponentially from here.
Cool, I'm in, thanks for the investment advice mate.

LOM Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $12.18M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$4.452K	106K

Buyers (Bids)

No.	Vol.	Price($)
1	3391	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	6903	1

View Market Depth

No.	Vol.	Price($)
1	6250	0.048
1	3391	0.042
1	25000	0.041
1	342198	0.040
1	118683	0.039

Price($)	Vol.	No.
0.043	6903	1
0.053	100000	1
0.055	30000	1
0.062	120000	1
0.065	80000	2

Last trade - 15.42pm 04/09/2024 (20 minute delay)

LOM (ASX) Chart