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LOM - Lucapa Diamond Company

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peter2 said:
It's an ugly necklace, though perfect for a dual personality.
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Beauty, as always, is in the eye of the beholder.
I wouldn't mind seeing Mrs P wearing it. Now ... where did I put my wallet?

btw, I'm sure the diamonds in the links come from the same February Stone, and any one of them would've made a perfect 6-figure engagement ring.
I tried to find out some more details at the deGrisogono website, but they insist on you registering first, and it's the safest assumption that they'll check your tax records and Forbes rank before they proceed with your registration. I wonder if "Pixel Packer" could get me in?
 
Breakout without matching news. "someone knows something" ???



I hold, but wasn't game to buy above my single stock limit.
 
Resistance popped.
In the weekend paper, Ellendale and surrounding ground was mentioned, specifically noting Lucapa's drilling nearby. That could be a likely contributor to renewed interest.
I have already collected a double position in recent weeks.

 
Monday's breakout bounced off Fib and the gap has now been closed.
Typical Technical Trading stuff, suggesting to me it's been mainly short-term day traders that created - and benefited from - the newly-found volatility.
I hold, and now that the breakout gap has been filled, assume we're back to business as usual.

 
Downloaded a stock recommender app, "Sharerecommender", predicting LOM to rise 0.35.
 
@pixel that diamond necklace sold for a pretty penny.

"An emerald and diamond necklace set with the largest flawless white diamond ever to come to auction has sold for a world record 33.5 million Swiss francs (US$34 million, A$48m) at a Geneva sale, Christie's said."
 
slightly out of my league, I'm afraid.
The buyer hasn't been disclosed, or has it now? If it's supposed to be worn by a Magnate's Trophy Wife, he'll probably have to hire a platoon of bodyguards. If it's in the Middle-Eastern region, make that a battalion
 
Price continues lower.

However there is good news for you @pixel . The latest news of the next diamond sale (Feb2018) includes two beauties that would make great earrings for Mrs Pixel. Buy them Feb18 and you've got 10 months to get them cut and mounted into beautiful jewelry in time for Xmas 2018.
 
pixel said:
I hold, but wasn't game to buy above my single stock limit.
Click to expand...

LOM doing nicely this morning pixel. Up 30.95% so far today.

What are your thoughts about the announcement regarding the discovery at Little Spring Creek?
 
greggles said:
LOM doing nicely this morning pixel. Up 30.95% so far today.

What are your thoughts about the announcement regarding the discovery at Little Spring Creek?
Click to expand...
All things being equal, it would have been a very supportive bit of news. As Lucapa is currently unloved, however, I suppose some people took the initial Amateur exuberance as a welcome chance to take profit. Have to admit, I was one of them. But when 25c shaped up as a likely support, I bought them back - kind of a quick-fire self-borrowing Short Sale

Apart from the suss conditions of the Mothae financing package, another factor came to mind that just might explain why Lucapa is faring worse than we think it should: Check out this item from last July that explains why the Canadian Lucara is being sold down:
https://finance.yahoo.com/news/tennis-ball-sized-diamond-rough-110101111.html?.tsrc=rss

Some punters, on reading about it, may not even know the difference between the two. Nearology could also raise concern with others. After all, they're both digging around in Southern Africa where, shall we say, government and business partnerships are somewhat variable which lead to the perception of sovereign risk becoming an issue...
If WA's West Kimberley region could produce saleable product, I'm sure the Market would rerate Lucapa quick smart. That's why I still hold, opportunistic quickies notwithstanding.
 
Double Bottom - Breakout.



GL all holders. Hopefully 30c+.
And then, good news of a really big find
 
I thought you'd given up on LOM pixel. Good to see it making some solid gains in the last few days.

Appears to be some resistance at 32c. If it can get through that, LOM should be looking good.

 
2c jump in the Closing Auction, underpinned by almost 1M volume.
Roll on, Monday



... and I'm still not giving up, rather keep accumulating
 

That should lift the spirits
I'm already back on.
 
LOM make $2.7 million from diamond sales from its Lulo Diamond Project in Angola.

 
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