Lucapa Funds

Just doing some sums (theoretical of course) on LOM's liquidity position, that makes their situation very interesting and powerful:

Lulo JV :

had approx. $3m in the bank
Should get $8-10m from Feb sales
Maybe the 404 ct could be say $25m ??

Total: $30-40m (+ increasing production for the next 9 mths.)

LOM:

Had $1m in the bank
Raised $2.4m from 30c opns exercise
Should receive further $18m from 30c opns

Total: $21m

It looks like the group (JV + LOM)
Has a combined cash source of $50m

Considering LOM will receive 70% of all early distributions from the JV.....it now looks like it access to funds of about $45m.

No more C/R's until a kimberlite warrants it.

Best of all the BOD and Management can get on with job of running the company without SH and capital raising issues deflecting their attention on a regular basis