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LOM - Lucapa Diamond Company

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noirua

noirua

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A boardroom radio interview with the Executive Director of Lonrho Mining Limited, Mr William Burberry: http://www.brr.com.au/event/LOM/2496/37441

Interview follows a successful placing of A$4 million in the form of a European Institutional placement. An AIM LSE listing is due to follow. Discussion on the company's Lulo Diamond Concession in Angola.
 
Re: LOM - Lonrho Mining

LOM seems to be very close to breakout from 0.32 if its a good day.

What do ppl think? We got any chartists here?
 
Re: LOM - Lonrho Mining

fonterra said:
LOM seems to be very close to breakout from 0.32 if its a good day.

What do ppl think? We got any chartists here?
Click to expand...
Yeah, 32 looks to be important. Pretty scrappy chart though and thinly traded. Volume up a little, so has potential.. :2twocents
 

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Re: LOM - Lonrho Mining

Waiting waiting...

The chart is a cracker, and for me if it could get past 3.6c it could really fly. I wouldn't be surprised if it doubled from these levels.

It's going to run out of room in that triangle in about a week so not too long to wait. Yesterday was very encouraging too, 3.0c was exposed on the depth for most of the day but noone touched it.
 

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Re: LOM - Lonrho Mining

All the stars have aligned and we've got a picture perfect breakout.

Strong close into 3.7c sets it up well for the coming days.

I'll be looking for it to stay above 3.4c (blue line) in the short term and the rising green line longer term.
 

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Re: LOM - Lonrho Mining

Watch this stock go to 8 cents, once it breaks 10cent it should be plain sailing to 14cents... then up up and away....

Very positive fundementals to this company and massive upside on the production results which we hope should be out by the end of this month
 
Re: LOM - Lonrho Mining

Any thoughts on the charts?

News on initial diamond digging is now a week overdue. Thoughts elsewhere suggest it's still well undervalued if they find diamonds.
 

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Re: LOM - Lonrho Mining

Be nice for it to consolidate for a few days at this level, however an announcement this week will more than likley see it extend further.. IMHO
going by the chart, my first target is 8 cents but I am more than confident with good news that we will see 14 cents before too long.

My thoughts only
 

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Re: LOM - Lonrho Mining

There's no doubting the ability of these guys to generate hype.

Todays ann stating that manual stockpile sorting has been halted until more security arrives on site to oversee it. Interestingly the ann was non price sensitive, even though it might as well have been titled "Diamonds, Diamonds and MORE Diamonds!".

Either that, or they haven't found any because they suspect that the sorters are stealing them all.

One or the other i guess...
 
Re: LOM - Lonrho Mining

I wouldn't call it Hype - rather stroke of birlliance from Miles Kennedy.. well on our way to 14cents -
 
lonrho mining starting to heat up

The sp is looking strong as of late with buyers building.
Lom is expecting a xray flow sorter to arrive on site soon and this will speed up the diamond recovery rate as hand sorting is slow and many smaller diamonds are missed.
Not many investors know about lom and the lulo consesion in angola.
There is up to 180 untouched and mostly not eroaded kimberlite pipes and it is believed by many that the source of the diamonds in the area arround lulo is on the lulo ground.
In the past more than 10,000 artisanal alluvial miners mined the exposed calonda formation gravels with most of the shallow buried calonda formation still untouched,this is what lom is targeting at the moment.
The untouched kimberlite pipes are huge and some of the bigest in the world and it is said that this is the best ground in the world.
To date all diamonds found have been large and of gem quality,most over 2crts in size with the bigest so far being 22.5crts.
Lonrho plans to mine the alluvials to pay for a large drilling program,it has been said at company meetings that lom expects to make a lot of money out of the alluvials and get rich out of the kimberlites.
It is early stages at the moment and there is little results to date but when the xray flow sorter gets on site the results will be comming in fast.
Time will tell but I believe lom is going to be a billion dollar company and it may be sooner than later.
In my opinion 2011 is going to be the year that millionaires will be made by investing in lom and im going to be one of them.
Ps:Do some research on lom and the lulo ground and you may come to the same conclusion.
 
Re: LOM - Lonrho Mining

It's been very quiet in here...
For the first time, I find some evidence of accumulation, and the MACD study looks Bullish as well. Seems some of the bigger Brokers begin to take notice - I see a buy from Paterson.
If it's good enough for them, I reckon it's good enough for me.
Very speccie of course, so DYOR.

LOM pm 10-08-11.gif
 
Re: LOM - Lonrho Mining

ex RIO Gordon Gilchrist joins the LOM. Three or four months before the dry season takes over and drills hit the grounds. Watching. Any thoughts?

March 27th, 2012:
LONRHO MINING LIMITED (ASX: LOM) is pleased to announce that former Rio Tinto
Diamonds Managing Director, Gordon Gilchrist, has joined the Company as NonExecutive Chairman.

The appointment of Mr Gilchrist comes as Lonrho Mining embarks on the exciting
kimberlite exploration phase at its Lulo Diamond Concession in Angola
 
Re: LOM - Lonrho Mining

Certainly some action coming in, whether it is sustained remains to be seen, but a significant number of trades has kept it in many traders minds, and looking at the new volume that has arrived certainly is suggestive of things happening with LOM.

06-04-2012 9-19-44 AM.png
 
Re: LOM - Lonrho Mining

mr. jeff said:
Certainly some action coming in, whether it is sustained remains to be seen, but a significant number of trades has kept it in many traders minds, and looking at the new volume that has arrived certainly is suggestive of things happening with LOM.
Click to expand...

The April flurry was only short-lived, Mr J;
but after another test of the Lows, we might see another little bounce.

LOM am 09-08-12.gif

the announced intensified drill campaign: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01317727
may be creating some renewed interest.
I've added a few...
 
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