Best case scenario in this order:
1 Angola sorts it sh1t out.
2. $14m hits our accounts in the next week, fuelling investor confidence that we may actually get coin back. This then makes people ponder about what the Luko Rose could be worth and that we may see funds from it in a timely manner.
3. Lulo Rose sells for >$50m and then we get 70% returned now that the Angolans have got the hang of transferring money between accounts.
4. Commercial T1 Kimberlite discovered at L56 with an average grade of 25ctphcm.
5. Negotiations occur and we get a 51% stake in said kimberlite.
6. RIO agree to operate this mine for a 20% share, giving us free carry.
7. We go on to discover two more commercial kimberlites, and are now funded to do these ourselves.
8. Merlin is now paid for without dilution, adding the estimated 29 cents per share to our price.
9. TimmyK and the so called fan boys kick back, feeling vindicated for 10 years of pain.
Wakes up. Damn
LOM Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
