LOM 1.85% 5.5¢ lucapa diamond company limited

Yeah I had a read through all of their announcements yesterday....

  1. 2,156 Posts.
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    Yeah I had a read through all of their announcements yesterday.
    I could not see where there was mismanagement or anything similar.

    They found a possibly valuable gold asset, they went through all the steps to prove it up, they increased the indicated size, they upgraded their holdings from 40% to 60%...

    Much of the value in the Claim was with the High Gold Price and the Low NZ Dollar.. thus making it a very attractive claim.

    If the NZ Dollar drops, or the Gold Price gains it can still come online.

    So apart from drawing a similarity to LOM's risk if Diamond prices drop, I don't see the reason or negativity implied as being linked to MILES.
    ... and to further comment, if the Diamond Price did drop, I would think that it would kill off the Mines that have an average price of $100/ct first, well before it starts to touch those that have a price point of between $500-$7000/ct
 
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Last
5.5¢
Change
0.001(1.85%)
Mkt cap ! $15.95M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $3.723K 67.87K

Buyers (Bids)

No. Vol. Price($)
5 172310 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 117120 2
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Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
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