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13:48
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Originally posted by Barney82
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There's some here who can see where the company is at through very unbiased eyes, but there is also some here who are so sour on LOM due to its long term sideways movement. Well that is a natural consolidation period as a company is built and transforms from an idea into something of value and produces tangible $ relative to its share price. So to everyone I'd recommend taking a step back and looking at the long term chart & trends of LOM. There has been some rather excited highs over the last years as the market realised the potential, and there has been some dismal lows as the market lost interest and / or realised the timeframes involved in building a diamond mining business. Those lows however have been reliably less dismal - ie the lows have been higher - as LOM has gradually derisked and started delivering.
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Everything you say is true but without getting something back from the sales proceeds it all becomes a bit conceptual. Lom need a SML distribution - the market is saying "show us the money"
