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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 KingFoxon Jan 16, 2020 10:39am
663 Views
Post# 30560194

RE:RE:RE:RE:RE:RE:Sewelo

RE:RE:RE:RE:RE:RE:SeweloOne would think if this is indeed true, that we are talking about stones of this size, (quality?) that a 45% share, should be a "material" amount? No?

I assume/believed that the Sewelo stone was incuded in our last tender. I thought I had read that somewhere, re: Lucara statement. If so then that tender has some big upside left in it, 55% of what appears to be some pretty big diamonds. 

Going to have to go and see if I can confirm why I thought that. Or if it really matters as amount received was "non-material".

In any event this is anything but clear and seems to only muddy the already very non-transparent operations of this company.

Even with this news and some BNN coverage we can't even muster enough buying interest to test resistance and gap at the $1.015 area. Sad really. Yet here I am ....... 

nyoni wrote: From that NYT link :-


"Vuitton’s partners in Antwerp are building a scanner able to see through the stone’s coating, though with the imaging already in place, including a CT scan, they have estimated it may yield a 904-carat cushion-cut diamond, an 891-carat Oval or several stones of between 100 and 300 carats."

https://www.nytimes.com/2020/01/15/style/sewelo-diamond.html



Bullboard Posts