LOM 4.76% 4.0¢ lucapa diamond company limited

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  1. 10,658 Posts.
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    I think something in regards to the gazetting will be announced soon.
    I suspect the reason why it has taken so long is because of a renegotiating of the percentage of the kimberlites and or Alluvials.
    For Lucapa to own 40% of the new company the kimberlite percentage would need to be increased from 30% to 40%,anything better than that with the Alluvials or kimberlites would be a huge bonus.
    The only way I can see a higher percentage being negotiated is if the over 51 million in total that Lucapa has advanced to the Lulo project is used to obtain a larger percentage.
    IM thinking we could be in for a nice surprise and a new increased percentage to 45% of the new company for both the Alluvials and Kimberlites under certain terms.
 
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