LOM 2.50% 4.1¢ lucapa diamond company limited

Ann: Mothae Diamond Project - Funding Update, page-107

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  1. 12 Posts.
    From 2017-2020 the company's own model speaks to a negative cashflow deficit of $49 million USD. There is a big gap in the numbers on this, where does the ~$50 million USD come from to cover the first 4 years of operation, if it makes it that far? Looking at Lulo, there isn't enough cash being recovered to cover this gap and the notoriously slow moving Angolan venture hasn't yet dealienated a commercial kimberlite despite being in country for near on a decade.

    Let me assure you on cost with respect to kimberlite drilling, it isn't cheap! Where does the money come from to finance the venture in Angola as well as restart a borderline economic mine in Lesotho?
 
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