My understanding, may be wrong - Inter segment loan would have come from Lucapa Group to Mouthae amounting to approx 56mil overall used as working capital funds or loan only to then be accounted back to the group company Lucapa in each financial reporting session as a loss running operation for the year and adding to the accumulated losses on the Balance sheet.
Basically feeding this machine to keep the lights in building below picture ON.
Ann: Mothae Mine conditional Sale and Purchase agreement executed, page-45
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
