LOM 6.15% 6.9¢ lucapa diamond company limited

How much does Lucapa get?

  1. 4,985 Posts.
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    Pardon my ignorance as a relative newcomer to LOM, but could someone please explain exactly how the arrangement with SML works? I understand LOM are 40% owners and operators, but there is talk of waiting for a 'distribution' from SML. I also recall something along the lines of LOM having invested some capital earlier and are getting a bigger chunk of the revenue until that was paid back.

    And what proportion of capital (e.g. XRT), operating and exploration costs are we paying for - and do we pay these regularly or does SML issue a cash call as required? I would expect that revenue would be far exceeding costs at the moment though.
 
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6.9¢
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