LOM 2.22% 4.4¢ lucapa diamond company limited

US15m bridge finacing 40 day due diligence, page-9

  1. 6,543 Posts.
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    Sooner or later an Announcement will come,in it will possibily of notice of finance ,carat/tonnage and avg carat value,possible payment from Endima ,upgrade for more vehicles,upgrade on equipment,news on owning or hiring bauer rig and even possible large fancy diamond finds.
    I do believe stephen wetherall is working some magic and is worth every penny,so lets see what we have heere driving this next 2 months which is basically the future cog in this big diamond engine.

    The Lucapa Diamond Company appointed Stephen Wetherall as the company's executive director and Nick Selby as general manager of operations. The appointments were made in an effort to drive the next stage of development at the company's Lulo diamond concession in Angola.

    Wetherall is a qualified chartered accountant with over than 20 years of experience in financial and operational management, corporate transactions and strategic planning. He has held senior financial and executive roles at De Beers and Gem Diamonds and has a vast understanding of the diamond industry -- from exploration through to retail. He was responsible for establishing the marketing and diamond manufacturing operations for Gem Diamonds and served as the company's group sales and marketing executive responsible for the company's global marketing and manufacturing division.

    Selby is an extraction metallurgist with 35 years of experience in the mining industry. He began his career with De Beers, where he spent 19 years in various technical roles. He joined Gem Diamonds in 2005, where he was responsible for establishing diamond projects in Angola, Australia, the Democratic Republic of the Congo, Central African Republic, Indonesia, Lesotho and Botswana as well as ongoing mineral extraction efficiency improvements.

    "They have already commenced a review of the mine development plan, plant processing and recovery plant efficiencies as well as prioritizing exploration targets with the team on the ground," said Gordon Gilchrist, the chairman of Lucapa Diamonds

    For me its switch off time,not interested in any made up gossip or who knows what,its simply a time to wait now until its laid out on the table and to see how this management feeds its shareholders info and entails how the market will react and increase the s/p,because if they keep to much to there chest then its going to be a slow old s/p and doesn't matter whats happening firm longtime holders are going to look at moving money around.
    So far its very tight at the ship,which means something is big enough that talking is kept to a minimum.
 
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