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2.33% 4.2¢ lucapa diamond company limited

Ann: Lucapa To Receive A$7.3 Million From Lulo, page-39

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  1. repoman23
    2,172 Posts.
    lightbulb Created with Sketch. 181
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    08/03/17
    11:12
    Post #: 23179748
    For me these are the key points for this announcement

    - Our alluvial mine is profitable enough that we can make a $7m dividend within its first year (and a bit?) of operation
    - We now have a precedent and clear path for repatriation of funds, something that detractors have been whining about for YEARS, which now that it is happened, apparently is not enough
    - The 70% repatriation deal that was previously published is being honored, reducing sovereign risk
    LOM Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 21  Upvote
    lightbulb Created with Sketch.  Great analysis
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