In most part I disagree.
Debit finance is a perfect fit for this company.
Yes ,diamond sales may not be as good as holders would like to see.
It now all rests on Lulo diamond sales being strong enough for a decent distribution to the partners and for such funds to be repatriated in a timely manner.
I now would like to see a Lulo diamond mining update explaining any upgrade expansion and associated cost for this so we can better judge if there is going to be a decent distribution.
Current funds should last until the end of the first quarter 2018 ,so it is quite important that a distribution is announced well before then and the funds are repatriated in a timely manner.
Cash is and will be very tight until more is known ,so in my opinion a cap raise is still on the cards early for a AIM listing or next year.
LOM Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
