LOM 0.00% 6.7¢ lucapa diamond company limited

diamond news, page-5350

  1. 4,948 Posts.
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    I'm still a little baffled on NAIF. Not wanting to cross promote, but ARU were talking up NAIF funding for their project right from the beginning. They got a 'conditional' letter of support for $100M loan towards a $1B project long before FID (which is still coming).
    LOM haven't mentioned NAIF specifically at all in any ASX ann that I've seen, please correct me if I'm wrong.

    Closest I've seen is the financing section of the scoping study, which mentions 'government agencies'.

    The technical and economic outcomes of the Scoping Study provide a strong platform for Lucapa to structureand secure a funding solution through one or a combination of sources, including:
    • Debt and/ or Equity markets;
    • Co-ownership/ joint venture partners;
    • Government agencies (funding/ grants); and
    • Lucapa’s own returns.
    ...
    Lucapa has already had preliminary engagement with a resource company, various financial institutions, fundsand government agencies with respect to the potential mine development at Merlin and these entities haveexpressed interest, particularly when Lucapa progresses the study to feasibility level.
 
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