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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Bullboard Posts
Post by pjmcarlsonon Mar 09, 2012 9:06pm
303 Views
Post# 19652319

Last link translated from swedish to english

Last link translated from swedish to english

One of my goals for the year was to spend some more time on my risk portfolio and manage it more actively. For the very reason that I have my portfolio of risks is that where I can do a little bit shorter transactions that may involve quite high risk but has the potential to develop properly up. There are currently developing I hunt when I make my investment in the risk portfolio.
But I feel that I have not lived up to my own expectations and ideas about risk portfolio in recent times, especially during late 2011. But it is what is said about to change now in 2012 and I have the day before and the morning today sold a possession and bought a new one.

 


Last night when U.S. stock markets were open, I sold all my holdings in the arms company Smith & Wesson. The reason for this was that I felt I never had an eye on it anymore and have not followed it at all for several months, in addition to course development. Therefore, I chose to sell all the shares, plus I was sitting on a profit of as much as 72% and I was more than happy with.

 


Today I also managed to make a new acquisition to the risk portfolio. It got a purchase in Lucara Diamonds. I have followed the company ever since they were listed on the Swedish stock market and I think that the development has not been the one I thought it would be. Therefore, I think it is worth buying and has very great potential to pull up. I also like to place my investment in Africa, I truly believe that Africa is the future of major breakthroughs and growth. As you probably know, I own also Africa Oil in the risk portfolio, they are an oil company that also operates in Africa. So now I am very happy with my exposure to Africa and I hope that it will be profitable. Both Lucara Diamonds and Africa Oil are companies in which the Lundin family, with much interest and great influence. It was also a very big reason that these companies were getting into my portfolio. I am impressed by how well and efficiently they run their business, they manage nearly all of its holdings in various companies as babies, they take care of them and always wants the best. It is worth gold to companies, I think.

Bullboard Posts