LOM 0.00% 4.3¢ lucapa diamond company limited

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  1. 2,918 Posts.
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    Yes, we have all been patiently waiting the discovery of an economic pipe, no doubt that is the main prize and what holders, particularly long term ones have been hanging on for.

    Is anyone else concerned about the repatriation arrangement. I’m hugely concerned about it and feel that unless it’s streamlined the discovery of a pipe is not going to hold much weight and therefore not impact the share price as favourable as it should.

    Dividends need to be declared with regularity, perhaps quarterly or at worst six monthly and then paid immediately. Not knowing when you are going to get paid for money you are owed does not work and is unacceptable IMO. When these dividends/loan repayments are your primary source of revenue it makes it almost impossible to run a company efficiently not knowing when this income is going to be receipted.

    The $10.1m US we are still owed from the dividend declared back in November has an ETA of 2024 according to the last announcement. So it could be in a weeks time, 2 months time or 10 months away, who would know? That is the main issue here IMO.

    All IMO
 
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