Yes.
Mothae has serioulsy underperformed, even prior to covid & Lulo, Angola, has been a disaster from the get go.
The inability for Management to translate "feel good" announcements into actual results is inescapble - what happened to the ownership conversation?
What happened to consistent dividend payments from Lulo?
What happened to the actual PPC from Mothae?
In any other portion of the market, this management group would have been given their marching orders.
Not in the minnow space though, cowboys and conversations.
Value of Lucapa, page-56
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