You’re not the first one @Cosmick .....the 30:1 consolidation is a distant memory.
I bought and sold my first parcel around 5¢ ($1.50) - made a small profit.
Next time I looked at LOM was after the GFC carnage. It was late 2011/ early 2012. There was a big shortfall in the rights issue at 1¢ (30¢. My offer of $200k to participate in the rights issue was accepted, and in one swoop I went from a non holder to a top 20 place on the registry.
I participated in every cap raising, except the last two, so my average would be somewhere between 25 to 30¢. If I take into account profits from my trading parcel, my average would be 15 to 20¢.
I’m backing my research that the holy grail is on the Lulo concession, and I’ve always believed that we have two or three sources, with the primary source sitting in or close to the Cacuilo River.
The Canguige River, imho, will probably host at least one commercial pipe, so I’m keen to see the progress there.
Imho, once we get the percentages worked out, we might see some results for some priority targets, like L14 etc. I like to say that I’m anticipating the source to be a twin pipe, or two in close proximity to one another.
Best wishes to you all for twenty twenty - hopefully it’ll be our year.
. My offer of $200k to participate in the rights issue was accepted, and in one swoop I went from a non holder to a top 20 place on the registry.
