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LOM - Lucapa Diamond Company

Discussion in 'Stocks I-P' started by noirua, Dec 7, 2007.

  1. yarrabah

    yarrabah

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    Re: LOM - Lonrho Mining

    Yeah, i started a position in this one back in April and added along the way. Went to AGM as well. They had a nice big smile and grinned like a cat. The usual talk about sitting on something good. I was/am skeptical, heard it all before.

    Lonhro Africa (UK Listed), the major shareholder have been selling out of late, which didn't look too good. But they have just bought an ailrline in Afica and that soaks up a bit of money. Also they made some bad financial decisions in the last few years, so selling up LOM at their lowest maybe another.

    Anyone we shall see tomorrow if the 100M traded in 1.5 hrs was a pump/dump or something with substance. One other point - The largest diamond mine (value wise) in the world is 150 km's NE and is valued at 2B. If this comes in a fraction of that than the current market cap of 28M has a bit of growing. They have another 64 possible Kimberlites to drill after this, the first one. :D
     
  2. Vader

    Vader

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  3. pixel

    pixel DIY Trader

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    Re: LOM - Lonrho Mining

    Well, I didn't expect that size; but the Market seems to have expected even more...

    LOM n 21-08-12.gif

    Not sure if the gap is about to be closed - if it is, I'm there with a bid.
    (glad I only sold a few of my holdings into Friday's rally.)
     
  4. Synergy

    Synergy

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    Re: LOM - Lonrho Mining

    They're a tough mob to please that's for sure.

    I'd be keen to know how much of todays selling was Lonrho Africa continuing their selling?

    Either way though, I'm not too unhappy with todays price action. Given that we're probably at least a few weeks away from any kimberlite results it's probably not a bad thing that the market hasn't gone overboard with this little find. Hopefully this has flushed some of the traders out and will give it a chance to recharge a little bit.

    These results seem very ecouraging from such a small sample and I don't think we'll be at 1.2c for long here.
     
  5. System

    System Administrator

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    On October 18, 2012, Lonrho Mining Limited changed its name to Lucapa Diamond Company Limited.
     
  6. zebop

    zebop Detector

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    Re: LOM - Lucapa Diamond Company NEWS

    Hmmm - new trading halt for MArch 15th 2013?
     
  7. pixel

    pixel DIY Trader

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    Re: LOM - Lucapa Diamond Company NEWS

    The drilling campaign has got underway again.
    Unsurprisingly, they will have found a few diamonds - question is, how many and how big ones?
    Judging by market depth (which can change at the drop of a hat) the Market seems cautiously optimistic.

    As far as I'm concerned, I'll stick with my speculative position. Like any girl, Mrs P loves diamonds :D
     
  8. pixel

    pixel DIY Trader

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    No wonder the 0.4c cap raising was so heavily oversubscribed :D

    LOM w 28-11-13.gif

    With the DMS plant now operational, the Market seems to expect some big rocks to be announced soon.
    The recent buying could be rumour-based - or a variation of the old Oilers' BESBS strategy.

    PS: The unlisted 1c options that came with the entitlement issue could also come into play. If possible, I'd be tempted to exercise mine early.
     
  9. pixel

    pixel DIY Trader

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  10. pixel

    pixel DIY Trader

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  11. Tsubodai

    Tsubodai

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    WOW! 95ct is a big diamond. If like the prior one, (32ct), this is a D flawless, someone somewhere is going to be wearing a very nice jewel some time soon.

    Can't wait for the announcement and hope that it does put a rocket under the price, volume has been building over the last year or more and one would think that if they keep producing gem's of this quality, profits will soon follow. I wonder if $0.15 is out of the question over time? It has been a long time but pre GFC price was at $0.14. Even 3c would be a nice start to the year.
     
  12. Jackass

    Jackass

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    Hmmm...

    In the short to medium term, the price is not that likely to move too far from 1c. This is because of the 1c strike price of the options that were issued in the recent capital raising. If the bid moves to much above 1c holders exercise their options and sell for a profit. However longer term if they keep digging up rocks like this who knows were the price ends up. Just an opinion DYOR ect. (Disclosure I Hold this stock)
     
  13. Tsubodai

    Tsubodai

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    J.A. Thanks for the insight. I have a lot to learn for sure. Guess now I will bunker down and hold for the long term as long as they keep producing diamonds of this quality.
     
  14. stormboy

    stormboy

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    Price closed at 0.007 today, very disappointing on the back of some great finds. No doubt business in Angola must be doing their heads in, but until the finally get the Kimberlite licence then price will most likely stay down. I bought in a fair while ago at 0.006, I'll still hold for the long term, was starting to get a tad excited though!
     
  15. Tsubodai

    Tsubodai

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    Yes, disappointing indeed, I bought in at 0.009 so when I read that they still haven't confirmed the licence I bit my lip a bit. I guess that good research is one of the things that separate newbies like me from the very successful traders on this site.

    Like you, still holding for the long term and given the buyer interest hopeful for a quick rebound. I think they have just over 300ct of diamonds at the moment and will sell them once they have 500ct. Look forward to that announcement.
     
  16. stormboy

    stormboy

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    All good mate, I still think long term they will prevail, just a few major hurdles to cross in Angola first but once they realise the money it'll bring in then happy days.

    PS: one of Rio Tintos major players doesn't leave there to go to LOM if he doesn't think it's going to be good! ;)
     
  17. Tsubodai

    Tsubodai

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    WOW!

    What a hardcore 6 months, Looks like the best decision I made, (maybe the only good one in fact), was to stay firm and hold LOM.

    Exploration licenses extended for 2 years, de-risking the project. Time to find the Kimberlite pipe and secure the mining license which is in the process.

    For the long term holders, congrat's. Looking forward to a eventful year I hope.
    GLTA
    DYOR
     
  18. pixel

    pixel DIY Trader

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    Yes, quite a few happy campers that held their ground - including yours truly.
    And the Market reacted as expected - the chart below relates to post-consolidation 1-for-30.
    Also note 30c is the new strike price for the August 2015 LOMO options, currently trading as LOMDB.

    LOMDA n 30-05-14.gif
     
  19. Tsubodai

    Tsubodai

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    Hey, pixel, I thought you would still be on board. Nice!!!!
    I look forward to next week when some volume gets behind it, but still in for the long term, not looking for quick profits on this.
     
  20. Tsubodai

    Tsubodai

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    Looks like the target price for LOMO sorted. I'm looking forward to next week, next month and next year. Already working out how to raise the cash to convert loyalty options when the time comes.
     
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