Dazzaa
I have mostly always agreed with what you say,but never your opinion on a take over.
The reason why I see there never being a take over is for the reason that any other company will never be able to raise the funds to buy us out.
As you know I think the value of the kimberlite source would be valued at least at 100 billion and our alluvials at 10 billion.
The thing is if IM right a competitor would need to come up with at least 10 billion to buy us out.
Then we have the current suspension,what if block 6 is identified as a treasure trove valued 10 billion or more?,diamonds at this block appears to be from just one pipe being L259 and if my 5% weathering assumption is correct then the source pipe would have a reserve 20 times the alluvial resource that I estimate would be worth 200 billion to 800 billion dollars for L259(2 to 8 carats per 100 tons).
This is all just a potential assumption by me but if IM close to the money then how could anyone ever be able to come up with the funds to buy us out?
I have always felt talk of us being bought out for 2 or 3 billion is just crazy talk because I believe lulo will be worth more than many of the other mines in the world put together.
- Forums
- ASX - By Stock
- LOM
- Timing of Announcement
Timing of Announcement, page-240
-
-
- There are more pages in this discussion • 106 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
|
|||||
Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 31257 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
1 | 431000 | 0.059 |
1 | 17240 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 31257 | 1 |
0.068 | 150000 | 1 |
0.069 | 42000 | 1 |
0.070 | 92518 | 2 |
0.073 | 10000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
LOM (ASX) Chart |
Day chart unavailable