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6.7¢ lucapa diamond company limited

Re 404.2 carat diamond, page-11

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h00ts

46,599 Posts.

8733

15/02/16

15:43

Post #: 17023584
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Originally posted by figjamm ↑

I think some food for thought is needed here.
Normally, I'd be out like a shot with some good profit, but something says there's plenty more to come.
Facts: In the last 3 weeks alone, diamond finds include 133.4 carat, 120.4 carat, 86.2 carat and now this massive beauty, biggest ever diamond found in Angola by Australian company.
You'd have to say they're on target for more finds, as well as having to keep the price well up for maximum cash injection when the LOMOB expire. There's only 489k LOMOB, but they will want them converted and cash in the bank to keep exploration dollars high.
Looking at some of the charts, the repeating range chart seems likely, which could easily push this over 60c.
I'd have to go back to @h00ts chart on that I think it might be, to check a likely figure, but last big climbs have kept climbing for a few days, not just one.
For all those reasons and a few more, I am holding longer, and watching the LOMOB being soaked up in the discount 10 - 12c range, with a view to seeing them over 20c in the next month.

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a repeating range does bring the old high quickly on the radar - last time it had 3 big upthrust bars before a retrace and the last leg up to the high

Click to expand view !

LOM Price at posting: 42.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $19.43M

Open	High	Low	Value	Volume
6.4¢	6.7¢	6.4¢	$2.748K	41.14K

Buyers (Bids)

No.	Vol.	Price($)
1	56920	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	44490	3

View Market Depth

No.	Vol.	Price($)
1	56920	0.065
2	197103	0.064
1	15800	0.063
2	84801	0.061
1	326778	0.060

Price($)	Vol.	No.
0.069	44490	3
0.070	72518	1
0.071	20000	1
0.073	10000	1
0.074	150000	1

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