Ann: Quarterly Activities Report, page-43

oh dear 1s1.
lets play ; 1s1 said, Lucapa said

you say;
''A drop in Alluvial grade by 30%''
Lucapa say;
Mining and Production
• Record quarterly volumes treated – up 92% to 70,967 bulk cubic metres (“bcm”) in the WET season
• Angola’s second largest diamond on record recovered at 227 carats
• Diamond production up 33% to 4,098 carats
• Specials recovered up 65% to 38
• New mining areas identified hosting large Specials, including 227, 92 and 62 carat stones

you say;
''Still a month or two before any meaningful drilling is done.''
Lucapa say
• Highly-encouraging coarse near-surface kimberlite intersected in drilling at priority target L15,
within 3.5km of Lulo’s most prolific source of large and premium-value diamonds at Mining Block 8
• Three rigs available to drill kimberlite targets, including new high-capability Hanjin D&B3

you say;
''Cap raise still a possibility as finance for Mothae''
Lucapa say;
• Non-dilutive financing offers for Mothae being assessed
• Dual listing on the AIM listing in London being re-considered
following strong interest in Lucapa from UK institutions and funds

you say;
''After the US400k and this months corporate costs the corporate balance
would be at about US1.5 million and that will not last long''
Lucapa say;
• US$2.1m cash balance
• US$5.6m SML loan repayment/distribution paid post-Quarter end
• Strong cash generation enhances prospects of further loan repayments in 2017
• Dual listing on the AIM listing in London being re-considered
following strong interest in Lucapa from UK institutions and funds

not to mention converted oppies ($8m in September)
large diamond finds dividends


I know who I rather believe,

GLTA