We're getting lots of news of every variety from Angola, but not much of what we need to hear. All these promised reforms are welcome and we can't see a great future without them, BUT, even with them, LOM still has to come up to scratch with Lulo-and-the-kimberlite-hunt before any benefit is obtained.
Am I being over anxious in thinking that Lulo hasn't really delivered what most of us had hoped to see by this point of 2018? I was hoping for better results from the alluvial fields, and expecting a better focus on, and explanation of, the drilling; with three rigs operating the information flow seems weak. I wasn't expecting the sp to be struggling at 24.5/25c,
Brooking and Mothae have proved a blessing in disguise and have enabled attention to be deflected to more positive pastures, without them I'm now thinking the sp would have sagged quite a bit further.
It's been a wonderful Spring day here in Perth, but that's coming to an end tomorrow, so we're going to need some news to digest, to keep the spirits up.
B22.
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