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6.5¢ lucapa diamond company limited

at what price would you buy in dickhead?

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harnz121279

467 Posts.

08/04/16

14:32

Post #: 17457163
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Originally posted by Harm ↑

Agreed - and I have simply pointed out a reality that some had argued against, quite strongly and aggressively that Lucapa is a minority partner of a JV - the 3rd party, Rosas & Petalas, is controlled by an Angolan citizen who also happens to be a ruling party employee - as evidenced by his position as Chairman of the state owned and controlled Caminho de Ferro De Luanda (CFL EP).

My position has been, and will remain until this ownership structure is addressed - Lucapa will continue to provide Capital/Labor/Expertise whilst having no solidified access to sustained revenue - the JV receives the income from Diamond sales and we have seen Lucapa, the Australian Entity, has only received a one off payment thus far.

For me, the capital spend, risk and lack of disclosure regarding the operating costs within the JV is keeping me away from this one.

Lucapa start to repatriate cash on a consistent basis from diamond sales - different ball game and I will buy in - until that happens - providing capital, expertise & equipment seems a little cart before the horse.

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at what price would you buy in dickhead?

LOM Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.000(0.00%)		Mkt cap ! $18.85M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.5¢	$49	755

Buyers (Bids)

No.	Vol.	Price($)
3	88894	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	6112	1

View Market Depth

No.	Vol.	Price($)
2	88793	0.061
1	326778	0.060
1	431000	0.059
1	17240	0.058
1	50000	0.057

Price($)	Vol.	No.
0.065	6112	1
0.067	63509	2
0.069	42000	1
0.070	92518	2
0.073	10000	1

Last trade - 10.04am 08/07/2024 (20 minute delay)

LOM (ASX) Chart