I can't see any ships but hardships for LOM. Nothing about Q2 looks any different than all the previous quarters where LOM continued to disappoint. The market will not keep buoying up the sp either. At some stage I'd expect the sp to fall to around 10c - there's absolutely nothing to stop it. LOM are not finding the big stones they did earlier and Mothae is yet UNPROVEN commercially. In fact I'm willing to bet Mothae will end up a dead loss, I've no idea why so many posters seem to think it 's a winner when there's no evidence for it.
Of course I could be wrong and I'd be quite happy to be, but I have no cause for optimism with this company, too secretive, too many false starts, and they aren't even in control of their own finances.
Every year it's "This year will be different" - and it never is....
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- So endeth Q1 . . .
I can't see any ships but hardships for LOM. Nothing about Q2...
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