Ann: Lulo Diamonds Sell For A$9.1 Million, page-12

There's still the same problem with it for me; they didn't say the period in which the sale inventory was produced and they didn't say what is the current inventory on-hand. Whichever way up you look at it, you can assume that the wet season has resulted in a substantial drop off in recoveries. I only mention this because some on here were touting that there would be little or no drop-off this wet season.
The fact that the price per ct was so high, tells you that recoveries were weak - one very expensive stone together with not many lesser stones, equals very high per ct price for the offering.
One of the reasons for this, as I wrote previously, is that when they re-process the oversize stockpile there's not going to be anything in it (it's already been screened once) other than the remote possibility of of another massive 404-like find. Nothing worthwhile has been found from the oversize, so far, or they would have told us.
Anyway, of course, it's good to see cash coming into the JV, but that won't fire up the sp on it's own; next we must have our distribution.
B22.