Given the fact the company has yet to receive a ML and MK - your...

Given the fact the company has yet to receive a ML and MK - your MD - has suggested previously that should Lucapa not receive it's ML by December, pretty much there now, mining operations will not begin until April 2015.

MK also suggested the potential need to raise capital should this situation play out, given that LOM is now at this point, how much do you think LOM will raise and at what price?

Also, a number of posters seem to want to perpetuate a notion that LOM will receive a healthy cheque to the tune of 40 million upon the establishment of a mining operation, to some extent I can sympathise with this position given the ambiguous announcements from the company regarding how explorations costs will be reimbursed.

Previously, the company had suggested the following;




This slide was taken from the New York presentation, implying the company would receive first rights to revenue from diamond sales, which is inconsistent with the following, taken from the annual report.




This would seem to suggest, LOM is in line to receive funds only from the profits of the mining operation - therefore, should the alluvial operation not be economic and fail to produce meaningful profits this fabled 40 million figure will count for nought?

Be curious to hear other posters thoughts on the differing messages to market and their opinion on any future capital raises as per the MD's inferences.