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Ann: Acquisition of LIFX and Share Placement, page-137

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McKhenry

726 Posts.

64

07/02/19

11:24

Post #: 37360779
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Originally posted by goldbear77: ↑

no i sold out of LOM a long while ago - think 52c or so. started lookign at it again a month or so ago thinking to re-enter in the teens on a speccy basis

similar story to BUD in many ways - mgt keep up the story of the big result being just around the corner (as you;d expect) but financials keep depleting. LOM makes enough to fund its ops but not head office - needs to find that big kimberlite.

its actually a worthwhile comparison for BUD investors to consider imo. nearly all the HC posters are either rusted on true believers or eternal downrampers

imo the 3rd way is what tends to play out - after the initial eureka phase you see death by a thousand cuts as the blue sky result is always 'another 6 months' and then you get resurrection bounces on key data/catalysts .

buy and hold is no way to play this 'pre profit' space once that eureka phase is over imo

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Half your luck, I made it out low 30's! at a small loss.

BUD Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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