diamond news, page-4681

Geez im feeling like a newbie here and don't even know if this has already been posted. Nice to know that some of the long termers been asking around about my whereabouts. Just went awol for quite some time off hc. But rest assure im still a true believer...bit hard not to with all the cold hard facts. Ive got plenty of patience and yes sure the sp is pretty average but this means very little to me as ive only ever looked at the end prize and the early retirement lom is going to give me. My lolly jar will certainly be full

http://www.fareastcapital.com.au/newsletter.asp?id=314

Lucapa to restart Mothae mine The Mothae diamond mine (70% LOM) has been on care and maintenance since March due to a virus induced lockdown. Last week Lucapa informed the market that operations would resume in Q4 2020. Lucapa also disclosed that new marketing arrangements have been agreed to with the Lesotho Government, that will result in better revenues. Diamond production from the Mothae mine will now be able to be sold at full and transparent rough market value into direct offtake arrangements with diamantaires. This approval will allow Mothae to implement value accretive polishing partnerships with its diamantaire partners where Mothae will see additional benefit accruing in the form of shared polished margins from beyond the mine gate. With two mines operating soon, and the plan to expand production capacity at Mothae by 60%, the recent research note released by FEC on Lucapa appears to be well founded. Click here on the link to see the report.