LOM 1.15% 8.6¢ lucapa diamond company limited

Ann: Quarterly Activities Report, page-2

  1. 9,397 Posts.
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    Of course, my attention immediately went to the Kimberlite Hunt and % Holdings sections.
    OK, seems sufficient gravels have been located, unclear if they've actually been recovered for sampling yet, but it seems imminent (Feb 2020 through the plant), great, following-up and have drilled several kimberlites highlighted by previous exploration, again that's progress. It's been a long wait but some interesting results are close, I think.
    The % holdings issue, I hope I'm wrong, but when one announcement says discussions expected to be concluded in Q1 2020, but the next announcement says discussions continuing (when we're half way though Q1) . . . . is that a step back? Anyway, if/when it happens, and if it's on acceptable terms, I'm sure it will give the company and the whole project a fillip.
    A good solid report underpinning everything.
    B22.
    Last edited by Bagman22: 30/01/20
 
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