Angola is a financial mess .
Heavy government dependence on oil revenue - at US$ 40+ / barrel there us not much joy or income for the government. The government will eventually turn their eyes to LOM and diamonds . I don't care how smart the management of LOM is the Angolan government will increase taxation and levies on the sale of mined diamonds and LOM will - for all their work and efforts finish up with nothing!
LOM should mine as cheaply as possible with second hand equipment and repatriate as many diamonds and cash as possible; before for the government decided to ' raid the LOM bank'.
Ann: Lulo Diamond Production Update, page-66
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4.2¢ |
Change
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Mkt cap ! $12.18M | |||
| Open | High | Low | Value | Volume |
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