LOM 0.00% 6.7¢ lucapa diamond company limited

Where's the Licence?, page-26

  1. 9,788 Posts.
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    i laughed

    afraid this is actually pretty standard for start up miners - shares race on speculation then slow to a crawl once construction starts.

    lom's a bit different in that there isnt a quantified resource yet - normally you have that before you set up mining facilities - that would be the thing to really get the stock moving if it was good

    id be surprised if an ML actually moves the SP much - important though it is.

    unless maybe there are some funds who cant buy the stock without it having a granted ML.

    Finding more diamonds and quantifying a commercially viable pipe - thats whats needed.
 
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