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Bullboard - Stock Discussion Forum 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... see more

TSX:LUC - Post Discussion

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Post by DavetheHorse on Feb 22, 2021 5:38pm

Results

Quite a big loss for the year, wonder if they will have trouble getting finance for the underground? Can see a big sell off on Tues
Comment by Gerrywerry on Feb 22, 2021 5:50pm
First Eire said the finance would be in pace in H2 last year and then at the latest during H1 this year and now H2 this  year ,so I can think we can safely assume it's been a lot harder than Eire first anticipated,  not making any arrangements for the underground costs when we were flush with funds   Was such a bad decision.  Considering the state of the world the results ...more  
Comment by Gerrywerry on Feb 22, 2021 6:01pm
I didn't see a figure for sales through Clara ! Unless I missed it !
Comment by nyoni on Feb 22, 2021 8:58pm
The full results, including Clara stats, are here:- https://www.lucaradiamond.com/site/assets/files/62782/luc_combined_regulatory_q4_2020.pdf
Comment by Gerrywerry on Feb 23, 2021 7:59am
Thanks nyoni
Comment by DavetheHorse on Feb 23, 2021 10:27am
off nearly 10%, lets she what gets discussed on the analysts call
Comment by Gerrywerry on Feb 23, 2021 11:02am
Just listened to the conference call , a few questions about the financing, I dont expect much to happen here until the finance is in place . With the year that was its understandable that the financing talks have been delayed but it definitely hangs over the recovery in the sp Ever fed up being patient !!!.?
Comment by nyoni on Feb 24, 2021 11:06am
Don't forget that, as Eira once said, they don't have to go underground. It was emphasized again in the results call that a go/no-go decision will be made by the board of directors later this year. Could be sold off as an oven-ready project, licenced to 2046, with much work already done and $4.5Bn in the ground. (Preferably spinning out Clara first). How much are we worth per ...more  
Comment by Lachine on Mar 02, 2021 8:45am
This post has been removed in accordance with Community Policy
Comment by Gerrywerry on Mar 02, 2021 1:28pm
Trying but not succeeding,   Can't imagine she would sell , how would that look if the queen of diamonds couldn't successfully run a diamond company and sells instead .  
Comment by nyoni on Mar 02, 2021 1:41pm
The decision would be made by the board of directors, of which she is but one.
Comment by nyoni on Mar 02, 2021 1:55pm
By the way, although Lucara relinquished its only remaining exploration licence in Q3 2019, there was a 2020 expenditure of approx $2M for exploration. Sunbird is still going, (although covid-hampered), according to Luc website, so whose ground are they looking at? From the website:- SUNBIRD EXPLORATION GENERATIVE PROJECT: The Company’s exploration program in 2019/20 is focused on ...more  
Comment by Gerrywerry on Mar 02, 2021 5:43pm
Anything that  has and will happen is  lundins decision. It would be interesting to know his thoughts
Comment by satchmo6 on Mar 03, 2021 4:21pm
too many diamond co's chasing too few diamonds and investors eg;  Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. 
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