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.
