Lucara Diamond Corp T.LUC

Eira out William in

[Gerrywerry]

Was it Clara not succeeding or was it the underground hiccup. I think it had to be the underground , any opinions?

[nyoni]

The underground thing is a bit serious not to have been spotted earlier. I don't think the Clara situation has played out yet. An announcement about that could come any time. PS  I got the wrong impression from this statement about the changeover:- Lucara Diamond Corp. announces the intention to appoint William Lamb as the Company's President and Chief Executive Officer

[AndersS]

So is Eira still on the payroll then?

[AndersS]

Definitively underground 18 months dely + significantly increased cost. But I think the worst by far is the late re-financing which in worst case might result in the banks taking ownership of the Karowe mine.  

[Gerrywerry]

It was unforgivable for Lucara not having put funds aside for the underground, but that decision pre dates eiras tenure .

[bricksnmorter]

Does anyone think the delay and costs were foreseen?

[Gerrywerry]

They obviously didn't but they should have . More water than anticipated !. It's their job to anticipate and make arrangements to cover all eventualities 

[bricksnmorter]

And next weeks lottery numbers are......

[Gerrywerry]

Imagine a mine costing more than first anticipated  !    The ones that come in on time and on budget are the rarities.  Don't need to be a genius to have a contingency plan .  

[nyoni]

Give us those lottery numbers. lol

[Gerrywerry]

What has lottery numbers got to do with not having a contingency plan ?