The chances of there ever being a buyout is slim at best.
Why do I say that?
The gazetting and the formation of the new company where Lucapa will hold 40% is the key.
Once this process has been completed we will end up with a company where 60% is held by angolian interests and 40% outside of that country being Australia.
This new company will then have a board of directors of key angolian persons and some of the most experienced mining people in the world.
Revenue will be quite strong soon and will boost up the new companies accounts to the point that the new company most likely will be offered more leases in Angola in my opinion.
I believe that Lucapa will find itself in a enormous position to capitalise on other opportunities presented to the newly formulated company and would not consider selling out when the asset backing and revenue flows would be better used for a corporate expansion throughout Angola.
I can see the Angola partners and Lucapa forming the largest mining company in Angola that could potentially become a top 10 world wide company.
I can see the lulo concession partners using a decent percentage of the revenues on starting a economical boom in Angola and I get the feeling that's what the Angolian government will aim for once the diamond source pipe has been discovered and proven.
A buyout or takeover I can not see happening for the reasons above.
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