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Lucapa Weighs Floating on London’s AIM
Jul 4, 2016 8:57 AM
By Rapaport News
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RAPAPORT... Lucapa Diamond Company, which this year discovered Angola's
largest diamond, is considering a listing on London's Alternative Investment
Market (AIM), The Daily Telegraph reported.
The move comes after the company said it is expanding its
operations and hunting for a major deposit. Lucapa said it is interested in
floating on AIM despite the impact of ‘Brexit’ as investors have given the
miner a positive response.
“The capital markets here are very knowledgeable about
diamonds and about investing in Africa,” Stephen Wetherall, Lucapa’s chief executive
officer, was cited as saying in the U.K. daily during a visit to London. “An AIM
listing is an option we’re considering, and that’s why I’m here, to see what
the appetite is.”
Wetherall admitted the outcome of the U.K.’s vote to leave
the EU had him wondering “is it still worth me coming?”, according to the report,
but he said the response from investors had been very positive.“People have got
capital and they want to invest. And in fact Brexit seems to have settled some
share prices down to a level that makes them very attractive,” Wetherall was
cited as saying.
The miner, listed in Sydney and Frankfurt, last month
started a program to seek
the kimberlite source of a series of huge diamonds discovered at its Lulo
mine in Angola, the largest of which weighed 404 carats. |
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Tags:
africa, aim, Alternative Investment Market, Angola, london, lucapa, Lucapa Diamond Company, Lulo, Lulo mine, Rapaport News, stock exchanges, u.k.
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