Yes, so much for the 'tick and flick' exercise we were led to believe it would be.
In the presentation Nick Selby gave at the recent ADU conference, he stated the MIC was in the 'final stages'. That could mean anything, so, some clarification would be nice.
I.e. the Committee has concluded its review and a report has been issued to the Angolan Minister of Mineral Resources within the 90 day period prescribed by the Committee's terms of reference. A copy has been provided to all joint venture partners, including Lucapa? The report confirms XYZ. The report needs to be approved by the Angolan Minister, and President, before the MIC will be approved for signing. Lucapa anticipates this will occur by XYZ and until then, the current MIC remains in effect.
Who knows - maybe the Angolan Government does not intend to enact the new MIC until the extension of the current exploration licence ends? Hopefully not, but who is to know.
Yes, so much for the 'tick and flick' exercise we were led to...
-
- There are more pages in this discussion • 185 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LOM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.60M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 149000 | 2 |
View Market Depth
| Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
| LOM (ASX) Chart |
Day chart unavailable