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LOM - Lucapa Diamond Company

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pixel said:
The worm appears to have turned.

I see support at 20c; first target 24.5
however, the recent reports (pipes, directors, price per carat, ...) could push the price higher still.
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Early days yet, but today's gap-up could easily transform earlier resistance into support.
I feel an announcement coming up - maybe another big sparkler?
 
pixel said:
Early days yet, but today's gap-up could easily transform earlier resistance into support.
I feel an announcement coming up - maybe another big sparkler?
Click to expand...

I just noticed LOMO is trading up: 30c strike, expiring end of August.
I only hold the heads, but the very existence of those options could well be the reason for the support.
A rise to above 30c by mid-August - yes, that would be much appreciated
 
pixel said:
I just noticed LOMO is trading up: 30c strike, expiring end of August.
I only hold the heads, but the very existence of those options could well be the reason for the support.
A rise to above 30c by mid-August - yes, that would be much appreciated
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Nice announcements to start the day. Kind of expecting more to come yet. I am interested to see how the Frankfurt listing impacts the sp.
 
pilots said:
Looks like it will do nothing to the SP.
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up by about 6% on decent volume - to me that's a good deal better than "nothing" :



I had to go out early this morning and only just come back. Pleasantly surprised
 
pixel said:
up by about 6% on decent volume - to me that's a good deal better than "nothing" :

View attachment 62741

I had to go out early this morning and only just come back. Pleasantly surprised
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And LOMO's up 26%. Have heard too that they no longer need the original financing as CAT have done the deal with payment to come from the trading profit followed by more new equipment for the next phase under the same conditions. Very nice of CAT
 
Somebody seems to know something.
Quite possibly, we all will soon know as well: Waiting for an ASX "Please Explain?"

 
"Notice received" half an hour ago, but nothing since.
Pre-NR status should never prevail for this long ... unless something smells

PS: Here is the reply to ASX price query. Yet still no end of Pre-NR in sight.
 
The latest rally left a few gaps. The first one has already been closed.
The next lower one is waiting at 35c.



I've taken full profit and set an alert below 36c. Wait and see...
 
gap closed on Friday with a Morning Star Doji (if you're into those candlesticks )
Latest Quarterlies out this morning contain some encouraging "hints", especially about post-quarter events that impacted the cash flow.



I'm easing back in at these levels; stop loss at 36c
 


The next Quarterlies will make interesting reading, especially the cash position.
Over 50M LOMOB still outstanding, translates to another $15M coming in by end of April from exercised options. The QR will also help answer the question, how much of the recent rally might have been "orchestrated" to bring the sp over the 30c line to ensure the options will be exercised.

Disclosure: I have bought back the early traders and added some more. "Bring it on!"
 
I wonder how many LOMOB will remain unexercised...
If it's a lot, then today's (tentative) Higher Low and trendbreak could be seen as a desperate attempt at persuading laggards. Or it could be for real and signal a decent turn-around.



Hoping for the latter, I hold.
 


If today's resistance break plays out like a Double Bottom, 47c is a reasonable next target.
50+ after that. I hold. Current stop = break of 33c support.
 
Another Pullback, but 33c did hold and we're again bumping the resistance.



Volume underpinning the current rally suggests another bit of good news may be coming.
 
pixel said:
Another Pullback, but 33c did hold and we're again bumping the resistance.

View attachment 67339

Volume underpinning the current rally suggests another bit of good news may be coming.
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How is the stock going? I noticed a .01c drop today. Could be a little of worry from the Brexit, I suppose.
 
Mikee said:
How is the stock going? I noticed a .01c drop today. Could be a little of worry from the Brexit, I suppose.
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IMHO it's not so much Brexit, but the Quarterlies that came out today.
A little underwhelming, it seems; punters took some profit.
 
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