RE:CLARA-fication pleasei think you will find that Clara works only as an auction house and does not take title to the property. it simply facilitates the sale through their clearing house - ie the black box platforms - and takes a % cut of the transaction price.
----------- it is like Heffel or Chrisites . it doesn't own anything beyond the hardware and intangible software.
the Royalties should rise under Clara as the ending transaction prices are higher, however as the royalties are only a % of sales, in the end the vendor is still ahead of the game - ---- they get a larger piece of cheese back even though it has been nibbled by both Clara and any royalty regime.
nyoni wrote: We need to know how Karowe diamonds are sold through Clara.
ie does Clara purchase them outright and sell them on, or do they sell them on commission?
If the former, who determines the internal cross price between Clara and Lucara; and who pays the royalty? And if the latter, which price is the royalty calculated upon? Bear in mind that management and other elites are getting a rake-off from Clara EBITDA.