A couple questions for you all that I cant answer myself if your up to it:)
Who is the 3rd company involved in the Lulo project? lucapa, endiama and who? The 3rd party own about 20% dont they?
If the alluvial mining licence is granted and we start uncovering alluvial diamonds on a good scale, after the initial $30 million is recovered are the profits after costs to be put in the bank, used to upgrade operations or dividends for shareholders?
Also is there a general consensus on if we find the kimberlite pipe we are seeking would we being devoloping our own mining project or would we sell out to a big diamond company?
I understand dry season has kicked in, but does anyone have a idea on how long it will take the surrounding water levels to go down that were playing havoc with access to that part of the country?
Thanks if you can answer, please assume im not too much of a knowledgeable LOM investor and complicated acronyms will go over my head :)
LOM Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
