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
 
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