Anyone else got a headache ....?

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Insiderunner

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08/07/20

17:34

Post #: 45730177
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Originally posted by Stevo71: ↑

Oh the intrigue! Lucara is now stating the origin (Botswana) on its certificates (The Diamond Loupe - recent news)... LOM upfront? Well the 1 July 2020 cheap share issue “needed” to occur PRIOR to improve a friend’s average cost - especially as Rio sniffing Angola.
Just Lulo stones - seems TOO SIMPLISTIC to me, it is clearly possible even probable BUT
Angolan government has live & painful revenue squeeze now due to oil forecast at US$33 / barrel vs prior US$55 Sonangol.
It requires SODIAM (govt marketing entity) to be competitive minded & 2019 effectively introduced “competition” allowing mines (and co-ops) to sell 60% by other channels... this does NOT stop SODIAM (eg second sale where 1st International was SML Lulo) from marketing Lunda N & S stones as a REGION. Angola wants the exports & royalty & regular facts to “entice” some extra foreign players - wow I thought re-appearance or DeBeers & Rio would be AMPLE. New acreage granted is fees & permit charges - govt think regional (is my guess).
If / as new participants emerge then selling Kimbo shares “Project Lulo” (where NO legal entity yet exists “operates”) only SML for actual extraction, becomes implied higher pricing on share transfer 2021? LOM needs to address Ross’ Loan by end Aug-2020 eg 7 weeks as priority. As such it is very possible the 171 carat is “quietly” up for transparent international sale but the reserve may not be hit... think cautious sale vs cashflow need/benefit. Logically a high price would comfort all investors (validate) & after perhaps 1/3 eg $3.5m he may wave through surplus to assist financial ratios towards Mothae refinance... well like always Angola would need to permit the “distribution” really it can be 100% debt reduction “this time”... perhaps as US$12m recently spent & lots of local workers showing regional stability = Prey to the Gods & check ASX Friday 10 July 2020?

NOT sure about Rio timing - sure Angola needs & wants but Rio just looked “questionable” on copper - OT underground... so Nov-2020+? if Covid-19 does not completely change mindset about natural diamonds? You would think Kingold has affected some Chinese appetite for gold but you need to store elite wealth though always firstly assist CCP restructuring “when instructed/asked”... as we know many balls in the air - hope suffering LOM investors do NOT get balls squashed in next 6 months. GLTA

Even if its a SODIAM initiated (brought together) REGIONAL “communal” Angola brand sale it could still have a variety of Lulo stones. Special sale - because of size = special 10.8ct+ or special EVENT may see something abnormal acting as a nation (as sought by IFM $3b loan). The Lulo stones may not be marketed as Lulo SML rather as LN - so if the prices are below historical but accepted due to cashflow demands... well it happens. Then does SML Angolan bank account (USD) wait longer than usual for payment to pool of sellers for this event by Bonas - Antwerp, Belgium.

If Lulo is not one of the seller(s) then we have reason to PROMPTLY ask (our mgt) what’s going on (marketing sales plan) as lots of time passes & wages keep flowing out each week to a global team of approx 450 people. Saying Angolan partners are thinking about whatever will NOT cut mustard as 7 weeks to US$7m for Ross who helped Lucapa... already granted an extension & need to act honourably or what is MK acting upon?

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Anyone else got a headache ....?

LOM Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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