I know I am always one of the shareholders looking for the fly in the ointment. At the end the Lulo payments to Lucapa are the major source of funding for Lucapa. I am not quite sure but 10MUSD hopefully are enough to fund Lucapa in 2024. I know there is also a little bit of income from Mothae but this is not much and also not stable (the year before it was even a capital need from Mothae). Good news is that we are debt free so we don't have to pay any interest or repayment of loans. So I really hope that this money is mostly sufficient to cover the Lucapa costs in 2024. Looking a bit further into the future this was the last repayment of the SML loan. This means that as of 2025 we only get 40% of the profit of Lulo. So midterm I am again afraid of a cashfloew issue. Well, it's still more than a year so a lot of things can happen but we are still far away from being sustainably profitable and still we have to see how to generate enough cashflow to cover the costs.
LOM Price at posting:
3.5¢ Sentiment: Sell Disclosure: Held
