The only thing that really irks me about Lom is the shocking investor relations and generally poor communciations with stakeholders!!
A case in point is the lack of ongoing disclosure regarding exploration results, shareholders will have to wait for the quarterly results before getting an exploraion update!
For shareholders to discover that the value of the diamonds being discovered is worth upto $40,000 per carat (this may be optimistic but Lom have stated that the quaity of the diamonds is very good and that a high proportion of the recoveries to date appear to the the Orange variety), via like people attending the AGM and HC beggers belief.
On the plus side, looking at the upcoming mini-bulk sample of the alluvials and kimberlites, plug in some very conservative numbers and the project will be very lucrative for Lom! I'd love to know what the Chinese have been told and how much of a premium they will pay for their shares.
In the meantime we will just have to wait like mushrooms for the game changing event/announcement. Could be as early as this week me thinks (opinion only).
LOM Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
