Subconscious could be affecting current share price - eg willingness of existing & possible shareholders to acquire this run of selling which several posters say is 1 party.
1). Respect to Angolan Ministers at ADU is sensible but as time passes and Government (with GDP decline at present & oil revenue concerns) issues two more diamond licences (Sodiam said some 12 diamond companies made up the US$1.2b of Angolan diamonds exported for the year) could fear LOM is less “loved - relative importance” and a hard working President could be getting tired or fear burned out - pulling so much into line. Court action & politics / political change needs intense concentration.
2). Why does Lulo need US$12m more mobile plant - hopefully I recall this wrongly eg some of that amount is something similar but different. Investors deep down do a rough calculation for ROA Return On Assets employed. More assets engaged “used” & less gross profit margin as Lucara recent financials seem to indicate revenue is down about 30% per carat with all sizes & grades impacted to varying degrees. Lucapa pricing can be checked but its thought of as the same overall diamond buyer/consumer marketplace.
These types of subtle factors that drive a gut feel - weight of evidence, direction etc seem to currently have share price so low eg 13.5c vs about a fortnight ago 15.5c... when it should be +2c not -2c on giving higher weighting to some normally high ranking info.
Point 1: Just now read IMF US$130m + French banks US$100m to assist Angolan agriculture initiative/expansion / development from Nov-2019...this type of news is what should make Angolan Treasury happier. Then also read more oil tenements offshore to be sold - they usually would be big dollar values even if not cashup front but on discounted future revenue streams.
Point 2: If we are servicing & not destroying out mobile plant & we have a decade of work ahead of us then all the gear will be well used over time. I recall three local tribes by Lulo - perhaps each wants their top men in nicest machine & we do not want petty disputes imo. I recall a Maori Chief who drove the best tractor on the island, he sort of worked the field about 1-1.5 days per week & NOBODY else was permitted to drive it, but they loved it when he would drive them - let them tag along... crew did say 90% work with two inferior tractors operating slower & harder (on engine / mechanical parts) running about 12 hours most days & it did NOT change for 3 years until the Chief decided he then found some other seat (in a different brand new machine - bit different colour) more comfortable to drive around in. That’s just life - different from place to place, they were happy & really when bad storms came Chief’s tractor was alway operational. I guess Lulo is well prepared for Rainy Season which may be on nobody’s mind when a drought hurts.
- Forums
- ASX - By Stock
- Stephen Wetherall
Subconscious could be affecting current share price - eg...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
0.004(11.1%) |
Mkt cap ! $11.60M |
Open | High | Low | Value | Volume |
3.6¢ | 4.0¢ | 3.6¢ | $2.679K | 67.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 56526 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 320546 | 0.035 |
1 | 85000 | 0.034 |
1 | 210000 | 0.033 |
1 | 10000 | 0.032 |
1 | 50000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 56526 | 1 |
0.046 | 150000 | 1 |
0.053 | 100000 | 1 |
0.055 | 30000 | 1 |
0.062 | 120000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online