Just completed a 5 night stay at LM Fisherman's Cove. Overall a middling stay. The positives were the staff - very proactive, engaging, friendly, customer-oriented. They definitely tried their best!
The property itself is in dire need of an update. Who knows if that's in the cards, gauging by how things happen in the Seychelles, I'm guessing it'll be awhile, if ever. The worst part for us was probably the food. Overpriced and completely tasteless for the most part, although looking at reviews of other places in the Seychelles, this seems to be a common theme. Thankfully we found a pretty good Indian restaurant at a nearby hotel that we went to a few times.
Some good redemptions to be had here though - certainly not going to balk at a deluxe oceanview suite for 58K points for 5 nights!
Also for anyone staying here - you can book your r/t airport transfer through the hotel - but one of the drivers they use is incredibly obnoxious and very pushy about trying to get you to do an extended tour of Mahe with him. Not my cup of tea at all.