SML - USD$28m in sales since May16 but only $14.1m balance?, page-15

First 15 Last

Share
Profile

Follow
kozzie

4,803 Posts.

23/01/17

19:14

Post #: 22086269
Share

Originally posted by doodledog ↑

Keep givin it your best shot kozzie, that's all you can do.

It seems to be all about words today.

Vague words like Soon and Shortly dominate the talk today.
Until we have more clues from management, we are left to trust our management
to succeed in raising our worth, or move on.
Can’t think of a single mining company more likely to find the jackpot it is looking
for than Lucapa.

We have assembled the worlds best experts in their field and we have sought and
bought every device to help us succeed in finding a commercial Kimberlite pipe to
establish a mine.
We have found 300 kimberlites on our lease, possibly many more to be found.
In Botswana, we bought a small lease with 2 known kimbos on it but a quick
exposure to modern equipment has probably found a third Kimbo that DeBeers
over-looked years back.
4 of those 300 kimbos have been proven to have diamonds.
One of those kimbos, that many experts declare is less than 500 metres away from
the alluvial diamonds we are currently digging up and those diamonds are fetching
the highest price per carat in history.

Even so, the share price has gone backwards a bit.
I too have other shares but I feel this is the company that I predict will supply
future wealth for me.
I figure Lucapa will slowly dial into the source of the high quality expensive diamonds
soon and the giant mining companies of this world all want a proven diamond mine,
preferably one that has the best quality and fabulous colour range as ours.

When they find that source, I will still be a part owner and share in the profits that
are bound to come from a bidding war between DeBeers and Rio etc.
You would have to be really silly to think these big companies are not planning and
scheming in their boardrooms to buy out Lucapa as soon as we prove the location.

In the meantime, its not likely our management will sell the whole lease with its 5
year exploration licence just granted. If DeBeers etc. are going to buy, its because we
have proven a commercial find. Thats the bit we would sell, not the whole 3000 sq
kilometres or whatever.
Plenty of space to explore or drain an Angolan river, explore our lease in Botswana
or our WA property at Brooking.
Steady steady, those diamonds aren’t going anywhere.

Just a matter of time now.

Expand

dd i couldn't help myself. i had to respond to someone at work who is making totally unreasonable demands on me and i said 'i'll have that out to you shortly'. worked a treat.

LOM Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

REA

UK-based Rightmove knocks back REA Group's acquisition proposal

LU7

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

PIQ

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

MAY

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

There are more pages in this discussion • 8 more messages in this thread...

First 15 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $10.15M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.5¢	$15.69K	447.2K

Buyers (Bids)

No.	Vol.	Price($)
1	37332	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	20000	1

View Market Depth

No.	Vol.	Price($)
1	37332	0.035
1	85000	0.034
1	210000	0.033
1	10000	0.032
1	200000	0.030

Price($)	Vol.	No.
0.040	20000	1
0.046	150000	1
0.053	100000	1
0.055	30000	1
0.062	120000	1

Last trade - 14.19pm 11/09/2024 (20 minute delay)

LOM (ASX) Chart

SML - USD$28m in sales since May16 but only $14.1m balance?, page-15

UK-based Rightmove knocks back REA Group's acquisition proposal

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SML - USD$28m in sales since May16 but only $14.1m balance?, page-15

Top Stories

UK-based Rightmove knocks back REA Group's acquisition proposal

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News