LOM 0.00% 3.8¢ lucapa diamond company limited

news out, page-13

  1. 3,636 Posts.
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    I'm having a little trouble trying to balance some of Manfred's percentages on page 8 of his report as per below:

    'On 18 July 2008, the authorization for the kimberlite exploration was gazetted. The equity
    distribution is:
    ENDIAMA 51%
    Lonrho Mining Ltd 39%*
    Rosas e Petalas S.A. 19%
    *This interest will be reduced to 30% after recoupment of the investment.'

    According to basic mathematics, that adds up to a cool 109% instead of 100%?

    Also does anybody have any idea why LOM's interest in the Kimberlite Exploration would be reduced from 39% to 30% 'after recoupment of the investment.' - this just doesn't make sense to me either!
 
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