LOM 0.00% 6.0¢ lucapa diamond company limited

Its a hard one to answer a potential takeover because its in...

  1. 6,543 Posts.
    lightbulb Created with Sketch. 12
    Its a hard one to answer a potential takeover because its in Angola,if you understand what i mean in Angola.
    They are very proud and very corrupt nation, so you see big coys like debeers and co know this ,so very much in there eyes they would not care how big the find is but how stable the govt and to a degree Endima is and its partners.
    At this point LOM and debeers have met on occasions and if anything was going to happen i presumed a jv would have happened now,so it only makes me believe there only going to look at this when it is a fully functioning mine and stability has set in at the govt levels.
    A T/O in my opinion is anywhere between 4-6 yrs away.
 
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