LOM lucapa diamond company limited

Ann: Lulo Alluvial Resource Update increases carats by 9%, page-4

  1. 623 Posts.
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    I’m not sure how they are going to do that when they have a hard time repatriating money from the JV account. In my opinion an increase in resources is rather insignificant when LOM don’t seem to be getting their fair share of the pie on a timely basis!! Just look at the last capital raise at a 50% discount not long after one of the board members put up 1 million dollars via a short term loan facility all highlights the fact they aren’t getting their cut of JV Funds when they should be. I hope things change but in my opinion it’s not looking very good at all.
 
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