share price, page-77

The current retrace of the SP is definitely due to traders/MT investors getting concerned with;

1. The lack of any regular and meaningful announcement with exception of the 404. The other announcements are already perceived by the market.

2. The Gravity survey announcement on 01/02/2016 indicated that the EM Survey 'results and interpretation' are expected in February 2016. Unfortunately didn't happen.

3. An update was received on the 03/03/2016 which indicated that results and interpretation would be received 'within days' and will update the market as soon as the Company is able to do so. Unfortunately many traders/MT investors are perceiving this as a delay also.

As mentioned by others in previous posts, these sellers may have to buy back at a higher price (maybe not), or have they turned their back on investing in LOM forever?

Regardless of whether management is too busy at the moment, surely an announcement of some substance would be in the Companies best interest!