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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 Nov 27, 2015 3:24pm
214 Views
Post# 24332799

RE:RE:Silly question about dividends

RE:RE:Silly question about dividends
The   reason for the special was  because  you cannt  predict  when  and  how  big we  will find  monster  diamonds. In  theory one  year  we  may  find  none  and  the  next we   could  have  monte-hall  year. THen  the  next  back  to nothing  agian.  A special   div  allows  us  to  ajust  to  this  years  booty. If  we  try  to  tie  it  all into a  set  div.   some  years  we  wil  have  trouble  paying  and  others   the  div  will be  too low.

Why  not  just  ajust  the  yearly  divs?

Companies  usually  get  punished  for  this  sort  of  activity, share  holders  do  not  like  to  have  thier  divs  cut
Bullboard Posts