LOM 2.33% 4.2¢ lucapa diamond company limited

Thanks BAGMAN for your questions yesterday and I can confirm for...

  1. 351 Posts.
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    Thanks BAGMAN for your questions yesterday and I can confirm for non-attendees what you have said today.

    At last year's AGM there was a commitment to purchase non-tradable share holdings (Completed/RS purchased) & to consolidate number of shares issued (purpose of meeting).

    MOTHAE has underperformed & asset writedowns past two years reflect performance.

    Large quality diamonds from LULU make a significant impact on revenues & SENTIMENT.

    MERLIN is on hold but work continues on building a sustainable model to develop in time.

    Also questions were raised on % ownership (SPV % was said to be 51%), new NEDs (process is advanced) & new raisings (not expected).

    I think there will be greater clarity on such matters noting status of the new LULU EL, NEDS appointments by AGM and optimism of performance at LULU after seasonal rains & bridge construction works near the alluvials.

    I am looking forward to more regular news flowing from LULU (ALLUVIAL & BULK SAMPLING) and MOTHAE.

    Also NS mentioned updated LULU resource statement remains positive.

    I agree that both NS & MK came across as sincere in their responses to questions with a commitment to improve news flow.

    Now is the time for MANAGEMENT to turn LOM around and I believe that will start with confirmation of the new LULU exploration JV, output from LULU with MOTHAE improvements and appointment of experienced NEDS.

    GLTAH.
 
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