so we know the kimberlite exploration licence expired in May 2016. It has been well documented the JV parties did not want the licence renewal (assumed to be a given) to 'slow things down'. What that really means for Lucapa is anyone's guess. The company's recent announcements state progress will continue 'as allowed'. It has obviously allowed the drilling to commence, but will it allow results of that drilling to be released. You would have to think that any material discoveries would have to be announced to the market. But will that leave Lucapa potentially exposed with the licence renewal and/or ongoing discussions to increase share ownership.
lots of questions (and excitement) for shareholders...
Kimberlite exploration - news
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