LOM 0.00% 6.7¢ lucapa diamond company limited

Ann: Kimberlite Drilling Targets Defined at High Priority L259, page-111

  1. 10,491 Posts.
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    Harm
    The reason people are getting so defensive is because of some of your remarks that make no sense or at least do not add up.
    You seem to think there will be a capital raising at some stage but that is just ridiculous considering outgoings has been about 4 million per quarter for both the mining costs and exploration costs with Lucapa now paying for kimberlite exploration costs and alluvial mining costs being paid for from diamond sales.
    Lucapa has over 10 million in the corporate account to cover administration and kimberlite exploration costs,this should last almost 2 years.
    32 million in sales for the first two months of the quarter with a unknown amount mined for the last month of the quarter.
    The Lulo joint venture account is swealing with funds and as mining continues it will most likely get to the point another payment will need to be paid to the partners.
    If you think the Angolans will just let the joint venture account build with cash and not keep splitting it up,you are sadly mistaken.
 
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