Interesting to note these comments on the Lucapa website under 'other projects'.
Lucapa is reviewing the scope and timing of future work programs at Brooking and Orapa Area F in line with the Company’s belief it will maximise shareholder value in the near term by focusing on growing production and cash flows from the Lulo and Mothae mines.
Lucapa forgot to mention the Company's belief that huge dilution and the acquisition of Merlin could also maximise shareholder value in the 'near term'.
The news of the acquisition doesn't seem to have gone down too well with the market. Surprise, surprise.
LOM Price at posting:
5.0¢ Sentiment: None Disclosure: Held
