In his recent video interview, Nick made it clear that Lucapa is not contemplating a CR any time soon, for good reason - they don’t need one. They’ve curtailed the grand plans at Merlin, and have multi-millions $$ due to flow into the coffers in the coming months.
This consolidation will put the company in a much better light, when the worm turns.
The more I’ve thought about the proposal the better I like it. Out with the old, in with the new. Shareholders’ fears of a repeat of the usual outcome of consolidations, will only come about if we get more of the same that’s happened in the last several years and got us to this point.. I’m sure Miles, Ross, and Nick have something better in mind for their, and our, investments.
Happy Australia Day!
B22.
Ann: Consolidation/Split - LOM, page-16
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