If KM are as good as i've heard, they will work to cement the 51% JV so they have a stronger asset to sell, they will also seek to see what inventory of diamonds there is and get them valued as well as see what stockpiles remain to work through unless the locals have sifted through that already. They may also audit to see where funds from the last raising went. I'm hoping they find some anomalies and put the Directors under pressure. When did the Directors realise the company was struggling and what was their duty of disclosure.
There must be liability the Directors will face. Some might have to sell their wineries to pay something back to shareholders. It will be interesting to see if senior execs and directors were still paying themselves the full whack knowing the company would seek voluntary admin
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lucapa diamond company limited
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