LOM 6.98% 4.0¢ lucapa diamond company limited

Ann: CEO's AGM Presentation, page-30

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  1. 188 Posts.
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    Hmm big question marks:
    - only four pages of presentation - maybe different communication style of new CEO or maybe he is too new, but that's barely nothing
    - selling Mothae after investing a lot of money (and diluting our ownership in Lulo by 50% to pay for it) now at the moment when it may pay off - who believes we will get a significant amount of money for it?
    - negotiations of 51% Lulo stake occured, Lucapa requested negotiation committee. This is zero commitment and just eye powder. Sorry Baggy I hope to the utmost that you will be right with your assumption that we get a majority stake but I still don't see it, at the moment we just requested negotiations. I also requested a lot of things in my life....

    This time I will not sell but I am prepared to loose all my money.
 
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