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.
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7.0¢ |
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Open | High | Low | Value | Volume |
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---|---|---|
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1 | 100000 | 0.065 |
2 | 127722 | 0.064 |
3 | 124801 | 0.061 |
1 | 16666 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 259859 | 6 |
0.073 | 139658 | 1 |
0.077 | 70000 | 1 |
0.080 | 100000 | 1 |
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