Time for this to move, this is at ridiculous levels.
Basically there is a source of massive exceptional quality diamonds and basically they are going to find it - likely sooner rather than later. Such a kimberlite value is in the $billions, to not have any value applied to LOM's SP is just insane. LOM is currently under-priced just on existing alluvial operations.
I sincerely hope a Kimberlite discovery (which is almost a certainty) comes with a TH or suspension while they evaluate it and anyone not in is locked out.
That major share holder must be almost done if not done already. Volume suggests as such. Great strategy he had too by the way... buy high, sell low, on to a winner there mate!
LOM Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
