Australian (ASX) Stock Market Forum

LOM - Lucapa Diamond Company

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LOM appeared in my pm scans today. I haven't seen this one in quite some time. LOM was one of pixel's fav's as he often posted his chart of LOM (with the jaundice yellow boxes).

My chart shows that LOM has been in a strong down trend for years. Not for me, ever.

lom0702.PNG


Pixel would usually show us a pic of the latest diamonds sold on behalf of LOM.
lom0702b.PNG


This would usually prompt me to ask which one did he buy for his wife.
 
Two years later, price has fallen further and LOM reappears in a scan. The chart looks quite bullish but I'll never invest in a diamond mine. I'm not even tempted to put it in the spec portfolio.

lom0802.PNG
 
HI everyone I'm new to the stocks world but have been following Lucada Diamond Company ASX: LOM and saw they are set to raise $12.5 million, I'll attach the reference link below. So what does this mean in terms of their stocks? Is this an amount they will easily raise or will it take time? Is this good news for the company setting out to raise this much?

themarketherald.com.au

Lucapa Diamond Company (ASX:LOM) to bank $12.5m via institutional placement

Lucapa Diamond Company (ASX:LOM) has received firm commitments from its institutional investors and Tribeca Investment Partners to raise $12.5 million to expedite its major exploration programs in Angola and Australia.
themarketherald.com.au themarketherald.com.au
 
Lucapa Diamonds enters voluntary administration amid financial distress


Lucapa Diamond Company (ASX:LOM) has formally entered voluntary administration, appointing Cor Cordis as administrators on 23 May 2025. This follows the company's earlier request for a trading suspension while exploring options to recapitalise or restructure its operations. The ASX has confirmed that Lucapa is in breach of Listing Rule 12.2 due to its inadequate financial condition and has extended the trading suspension under Listing Rule 17.3.

The administrators will assess options to preserve the value of the company's assets, which include stakes in the Mothae mine in Lesotho and the Lulo mine in Angola, and are expected to engage with shareholders and creditors in the coming weeks.
 
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