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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 Skelticon Aug 24, 2015 4:42pm
121 Views
Post# 24047097

RE:RE:RE:more reports of the pressure on diamond prices ....

RE:RE:RE:more reports of the pressure on diamond prices ....

That is not how these things work, in an uncontrolled market, when prices go down management looks to increase production and cut costs to offset profit down falls. Thus actually increasing the supply and lowering overhead causing more downward pressure on prices. This has happened in the steel market the coal market the gold market and most recently oil
Bullboard Posts