I am a long term investor. I have been investing in the market for 30 years and are always looking for forgotten turn-around cases. These are the cases where I have made my most money.
One criteria for me is when a former CEO has made a mess out of things and current share holders have gone through many phases of disappointment.
Lucara Diamonds has experienced a significant downturn in the stock market, impacted by unclear financing, technical issues in mining operations, and challenges in the diamond trade. Including a CEO that under performed vastly. However, the new CEO William has now successfully addressed these concerns to a large extent:
1. Financing: Solution achieved at 100%
2. Technical issues: Remedied to approximately 90%
3. Diamond trade: Action plan in place with a forward-looking strategy.
William's leadership and the action plan have created a positive atmosphere. Industry experts emphasize that large natural diamonds are expected to continue selling at significant values.
With these positive changes and reduced risks, everything points towards a substantial increase in Lucara's stock price. A clear upward trend has already begun, and the established bottom indicates persistent confidence from major shareholders.
This appears as a strong turn-around case with significant potential for an upswing. Investors should consider the current situation as an opportunity to capitalize on the anticipated positive developments.
Yes I have started to accumulate in earnest.