LOM 0.00% 4.0¢ lucapa diamond company limited

trading halt - 95.45 carat type 2a diamond , page-129

  1. 3,108 Posts.
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    Here are some more of my general ramblings after re-reading the announcement.

    As announced on 3 January 2014, Lucapa commenced processing the BLK_19 bulk sample to enable the Company to directly compare treatment results and metallurgical arameters for gravel treated through the old and new DMS plants (See Table 1). While the diamond size distribution in the two samples differs significantly, this is not unexpected given the very large size of some of the diamonds recovered from each sample.


    My take on the above is that the BLK_19 sample is really a commissioning sample only, effectively to calibrate the old and new DMS plants. the 95.45ct diamond was a bonus

    Within the JORC Code appendix:

    The Joint Ventures Alluvial licence was extended for two years to December 2014. Application to extend Kimberlite Licence for two years until June 2015 is being processed.


    Seems like they'll be lucky to only get a years value out of the two years extension? or will the authorities date the two years from the date of approval?

    Also, are the Blk_18 samples that have been processed through the DMS only those that have been excavated from the pits? what about the samples from the Drill Rig?

    Speaking of the Drill rig, what has that been upto lately? Sept 2013 was the last update of any significance regarding the drilling.
 
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