Hi @bungy234 and @Bagman22,
Thank your or your responses.
I understand the conditions the same as you hence the thought that it would be better to repatriate the dividend from SLM into LOM, then reloan/reinvest into kimberlite exploration.
This way we increase our (Lom) net assets (by increasing moneys invested) rather than SLM
This would come in handy when we need to find moneys for the development of the kimberlite mine or worst case scenario funding for ongoing exploration.
At such time it could be more positive if the required future investment be repaid at the rate of 70% of future profits rather than at 40% of future profits.
Also, quick question, from my understanding SLM is alluvial related mining company hence why should alluvial mining company be paying for the ongoing kimberlite exploration?
I may be just confusing myself here.
LOM Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
