'The divestment of the stake in the non-core asset'
Non-core asset?? On what planet could it be considered a non-core asset for Lucapa? We are not BHP, ffs.
LOM stated in the announcement last month, on 15 May, 'we expect there will be significant interest from those within the diamond industry and on a wider scale'
... and this was the best they could do? The least they could have done was negotiate performance based conditional payments. This just makes no sense to me.
Ann: Mothae Mine conditional Sale and Purchase agreement executed, page-14
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