LOM 0.00% 6.7¢ lucapa diamond company limited

Timing of Announcement, page-257

  1. 661 Posts.
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    We need to get some perspective here.
    A common prediction is that a single huge "golf ball/tennis ball" diamond has been found. The focus seems to be on this single upcoming find and the impact on the share price as an isolated event. But if they do find a giant, it is more evidence that Block 6 is a treasure trove of big diamonds so this is where the perspective should be IMO, rather than the value of a single diamond. I don't think these big diamonds are one-offs and I've explained this numerous times already. There is a possibility that more giants will be found before the LOMOBs need to be converted which is still a while away. Alluvial diamonds are concentrated together, so chances of a quick repeat find are better than with kimberlite diamonds which are more sparse and take longer to process due to the nature of the ore.
 
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