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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canada-based diamond mining company with a producing mine and exploration license in Botswana. Its 100% owned Karowe mine, located in Botswana. Karowe produces Type IIA diamonds in excess of 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813 carat Constellation. It also owns Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain.


TSX:LUC - Post by User

Bullboard Posts
Comment by laserjeton May 27, 2014 2:45pm
271 Views
Post# 22602481

RE:RE:spate of options exercised

RE:RE:spate of options exercisedLamb exercised over 300,000 options at 0.80cts and did not sell any shares received. The question is why? He probably sees better horizon's in the near furture.
let me explain how option's given to insider work.
Lamb was given option at 0.80cts. If he exercise the option when the stock is 80 cts there is no benefit in kind for tax purposes.
let's assume he exercises when the stock is $2 . He has now received a benefit in kind of $1.20 for tax purposes. This $1.20 will be included in income and his NEW adjusted cost base will be $2.
for the $1.20 in income he will get a deduction of 50% which is 0.60 cts.
if the stock went to say $4 the benefit in kind would be $3.20.
This exercise is an indication that he MAY FEEL THAT STOCK WILL MOVE UP FROM HERE.
He may want the Benefit of Capital Gain from the Approx $2 adjusted cost base.
What is happening NOW is very positive news.
Good luck all.
Laserjet
 
Bullboard Posts