Interesting how the company mentions US$13.0m ,but the amounts totaling between all three entities that are owed money ,adds up to a lot more.
Lucapa was scheduled to pay the remaining US$7.5m
Lucapa was scheduled to pay a principal and interest bullet payment of ~A$10.5m on 31 August 2020.
Mothae was required to pay the remaining ZAR100m
100,000,000 South African Rand =
5,725,000 US Dollar
10,500,000 Australian Dollar =
7,498,050 US Dollar
So what is it US$13.0m ,or
US$7.5m + US$7.498m + US$5.725m totaling US$20.723m
The whole announcement is a bit cryptic with the added spinner ,very encouraging kimberlite exploration results.
How many times over the past 10 years plus has the company stated such things before the actual results are announced ? ,to many times to count.
Results and actual financial numbers speak louder than carefully cryptically structured announcements.
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