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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

Comment by Gerrywerryon Jun 04, 2020 1:09pm
177 Views
Post# 31112346

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Down 16% on no news?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Down 16% on no news?No doubt it's an industry thing but what has Eira done to alleviate the situation . Nothing as far as I can see .   I never expected that the underground would cost so much ,there were plenty of estimates between 100 and 200 million but none at 500 . The only people that knew the ballpark amount was management so why in gods name did the implement and continue with the dividend policy fully knowing that they would badly need the funds in the future . Mismanagement on a grand scale .  Maybe Eira will prove to be great but no sign so far .
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