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7.1¢ lucapa diamond company limited

Thanks Amol, If Lucapa purchased this drill rig on the 15th of...

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gobers

227 Posts.

06/05/16

08:53

Post #: 17691971
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Originally posted by amol7 ↑

Timmy:
Not sure whether that is a fish slap or not................. but in this case it means "immediately" which translates as at the first possible opportunity, meaning as soon as the visas come through for the drilling team.
Visas are the hold up while the Angoly beauraucracy works out whether the skills needed for the drilling program are currently available in Angoly land.
Until that gets a tick from every department they can find, the company can't do a thing about drilling.

My understanding is that the applications were lodged back in December and usually take 3-4 months to come through

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Thanks Amol,

If Lucapa purchased this drill rig on the 15th of December, 2015 (Maiden Diamond Resource) when it was announced to shareholders.

Today is 6th of May, thats 5 months in 7 days. So we are now looking at 5 - 6 months to get work visa's.

Lucapa / Lohnro has been in Angola for 8+ years. After that long in the country, I would hope that Lucapa has a good relationship with the government.

Do you find it slightly concerning the time it takes for the government to process paperwork, at the expense of Lucapa.

LOM Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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