LOM 1.39% 7.1¢ lucapa diamond company limited

Ann: Trading Halt, page-49

  1. 4,957 Posts.
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    I think it needs to be Mothae. A few points:

    1. A $20M stone from Mothae is worth more to us than a $30M stone from Lulo (70% x $20M = $14M; 40% x $30M = $12M)
    2. We sell Mothae stones on our terms, and don't have to wait months for the cash.
    3. A significant Mothae find would re-rate the whole going forward potential of the project.
    4. Big Lulo stones are rather ho-hum now. Only a record breaking stone would warrant a halt.
    Last edited by dangar: 22/05/19
 
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