LOM 0.00% 4.0¢ lucapa diamond company limited

Ann: Lucapa to Divest Stake in Mothae Diamond Mine, page-8

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  1. 2,894 Posts.
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    Can’t imagine it would be an easy asset to offload.

    Seems a shame but it’s clearly not working so a consolidation is probably a good idea.

    I do feel our team are very capable of running a mine so it’s hard to imagine anyone being able to make this mine profitable unless they hit a serious purple patch which is purely a punt.

    Anyway hopefully they can sell it and get a good price. I’d be very surprised if we are any more advanced with the sale within a couple of weeks. Unless they already have some interested parties in the pipeline. I predict, like everything else this will be a long drawn out affair.
 
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