A good result for the company and the joint venture partners.
Going by the 1.2 million balance in the lulo account and expenditure from the corporate account I come up with a total spend for the quarter of about 4.5 million.
2mil from the corporate and 2.5mil from the lulo account for mining costs and spare parts.
Total diamond revenues generated for the quarter 3.7 million dollars.
Cash on hand from the start of this quarter
Lulo account more than 1.2mil
Corporate account 539k
Recent cap raise 4mil
Diamonds not sold 1,600 carats ?
Total available funds and potential funds
Total more than 5.739mil plus 1,600 carats plus carats recovered this quarter.
Looking good to me
LOM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
