Daz, asking for a breakdown of operating costs is the right question to ask considering the company is attempting to secure finance.
Yourself and others have queried why the SP remains stagnant,IMO, its largely due to the markets concern with respect to cash reserves/casflow.
Without finance or consistent casflow - lucapa does not control the timing of each diamond sale - Lucapa by in large survives from cap raise to cap raise.
40 million of previous raisings points to this.
So why would the SP rise? The fear of a cap raise is a continual dampener on appreciation of the SP.
With respect to the bridging loan - all loans require security and capacity to service debt repayments.
Now, given Lucapa holds relativelt little security - cashflow/capacity to serve - becomes crucial.
Operating cost should be released to market - firstlt for holders - it's your money and secondly if the case is compelling the numbers should attract other financiers.
Motherhood statements do very little for matket confidence.
LOM Price at posting:
21.0¢ Sentiment: Sell Disclosure: Not Held
