LOM 0.00% 6.7¢ lucapa diamond company limited

BIG weeks ahead for LOM, page-86

  1. 1,939 Posts.
    Look at the burn rate, I think from memory 2.8m last Q, sorry internet too slow where I am atm to post links.
    They predicted less as they have done just about every quarter.
    So app 2 Qs in the bank and they have hinted at a lot more expenditure, DMS, more Equipment , More staff ( I think 200 was mentioned in the signing ann) including some that are highly paid.
    I don't think management will let the kitty get too low and MK has hinted at this already .
    So Yes I think a CR is on the cards in the next month or so.
 
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