I highly doubt the market has factored in all the Off takes , finance , SEZ etc etc ,
From the DFS "US$380 M average annual EBITDA for LOM " and we are currently 600 mil market cap ,, i think there plenty left in the tank yet for the share price , and yes we all know them figures from the DFS have yet to be revised ,,
The markets have been a bit slack lately , not as liquid as they were a few weeks ago . If you look at the charts attached ,, XSO ETF which is the small ordinaries and also the XEC emerging companies ETF youl see they have came off the boil lately but seem to be starting to turn up again ,
so maybe a theres still quite a few on the side lines ?, also i think maybe some diversification in Off takes might be a help , and Nigel has all ready hinted at such , so i think that box will be ticked soon !!!most of all maybe the market just wants more proof that these guys can meet their time lines set out for the next few months , so far so good , two OTs down and reading between the lines i reckon another OT aint far away .
Just my two cents worth ,
AIMO DYOR yadda yadda yadda
Slainte
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