Ann: Lulo Special Distribution, page-26

Kotso...as this was a special distribution the funds have gone into our account, looks like $500k has been shaved off the price, and I would say that would be tax paid..looks to be about 5%.
From all previous diamond sales ALL of the funds have gone into the JV account and to be spent toward the project. This set up will all change once we receive the gazetting, all 3 partners will then be able to receive profits from the project, but at this stage I would say they would prefer to keep rolling the funds back into the project.