We are not here for a dividend etc. as we all know that all moneys get ploughed back into Lulo exploration in the hope of finding a magic kimbo, at least that was the plan. Trouble is we are not finding enough for a positive cash flow hence all these damn CRs and consequently dilution. How long can that go on? As long as mug investors step up to the plate I guess. Management will milk Lucapa for as long as the meal ticket lasts, and why wouldn't they?
Seems that has become the number one objective, then again these public exploration companies usually are a vehicle for lifestyle directors.
3c coming.......
LOM Price at posting:
4.2¢ Sentiment: None Disclosure: Held
