LOM 0.00% 6.7¢ lucapa diamond company limited

Ann: 29th 100 Plus Carat Diamond Recovered at Lulo, page-40

  1. 4,948 Posts.
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    I don't have any history with KCN, but from the 10 minutes of googling I did that sounds like a completely different story - i.e. the mine shut down for legal reasons, not being annexed and taken over. Apparently they're starting up again.

    Can anyone quote a precedent where an Australian company had international assets taken over by a foreign government? That is what I understand @TopSahara is suggesting may happen.

    If we were pushed out with an appropriate payout - i.e. 40% share of the book value plus all loan monies owing - that wouldn't necessarily be the end for LOM. Would leave them cashed up to focus on Merlin.

    This sort of BS is super speculative though if you ask me.
 
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6.4¢ 6.7¢ 6.4¢ $2.748K 41.14K

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