LOM 2.22% 8.8¢ lucapa diamond company limited

As per announcement dated 7/12/2023: “US$10.1M IN LULO DIVIDENDS...

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    As per announcement dated 7/12/2023:

    “US$10.1M IN LULO DIVIDENDS AND LOANS APPROVED FOR LUCAPA
    Key Highlights
     US$5.6 million (A$8.5 million) dividend declared to Lucapa
     US$4.5 million (A$6.8 million) loan repayment from SML to Lucapa approved
    Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or the Company is pleased to announce the shareholders of Sociedade Mineira Do Lulo (SML) have approved a dividend of US$14 million.
    Lucapa’s portion of this dividend will be US$5.6 million (A$8.5 million) with an initial payment of US$4 million (A$6.1 million) expected during Q1/24 and the balance to follow in H2/24.
    Additionally, a US$4.5 million (A$6.8 million) loan repayment was approved which is also expected to flow during H2/24 and this will expunge the Lulo Alluvial development loan owed to Lucapa.
    For and on behalf of the Lucapa Board.
    Nick Selby
    Managing Director”

    We’re halfway through “Q1/24”, right?

    So, based on the above announcement, we can expect to receive A$6.8m loan repayment by the end of next month.

    That said, the last quarterly only mentioned that the loan repayment and dividend will be paid to us this year.
    Last edited by bungy234: 15/02/24
 
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