LOM 2.08% 4.7¢ lucapa diamond company limited

Ann: Lucapa to Divest Stake in Mothae Diamond Mine, page-25

  1. 64 Posts.
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    Ineresting development. As Mothae is a material mining asset, shareholders will have to vote on its sale/disposal, if and when a deal arrives, and that vote includes former directors. This presumes they are not conflicted. If that gets the nod, the ASX will have to decide whether LOM remains listed as a mining entity, or as an exploration/development reporting entity. If its the last case, then back to quarterly reports with App 5Bs. That at least is more transparent. Time will tell.
 
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