LOM 2.27% 4.5¢ lucapa diamond company limited

Ann: Lucapa completes divestment of Mothae Mine stake, page-19

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  1. 188 Posts.
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    in the first ad for merlin, i saw that costs for development were minimized, if i remember correctly also 60 million, not really sure, so everyone feel free to verify. where shall we get this money from? issue 3 billion shares for 2 cent, probably then it needs 6 bn shares for 1 cent because share price will collapse whit such a massive CR? forget about merlin for the moment, our biggest problem in the last ten years was missing cashflow, we should not waste cash we dont have at the moment. We just made huge losses with the last Mothae adventure, shall we do the same mistake twice? And mothae was more promising.
 
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