I like your optimism ;-) Actually I would see every increase in the share as a success because I still do not see any motivation from the ones owning the 70% to give away anything. Why should they? We will never stop mining. We will always bear the full risk. Worst case scenario is that Lucapa goes bankrupt and then - well - there is still a good developed mine and they still own 70%. Of course then a new operator needs to be found but this should not be a problem. So the only reason to sell are dollars and I doubt that we have enough dollars to buy a bigger share. Let's assume that there is really a change of percentage in the pipeline (and the rumours are now lasting since 8 years) I could imagine that our share in the kimberlite is increased to 40% and to pay this the debts from Lulo at Lucapa will be cleared. And yes I also see 40us 60 them as a very good perspective for the other owners and only a so-so perspective for us. But let's see. As stated before I like your optimism and let's hope you are right.
LOM Price at posting:
3.6¢ Sentiment: Sell Disclosure: Held
