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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
Comment by bricksnmorteron Apr 11, 2014 4:49am
284 Views
Post# 22438392

RE:Lucara Diamond beating sales record

RE:Lucara Diamond beating sales recordYesterday's result was spectacular with both industry expert's and also Lucara's expectations being far exceeded. The general consensus was that we would come in with revenue of around $30m. As ever, Lamb is still being prudent with expectations of full year results. I have no doubt that we will surpass those expectations quite easily (probably by the 3rd quarter). We have two more exceptional tenders during the later part of the year. I think that we do need to take on board the fact that rough prices always seem to tail off during the later part of the year and so we will may not achieve the record prices we have just witnessed. Also factor in the down time and I think that Lamb's cautious approach is wise. I would still say that we should be at $3 and above by the year end.
Bullboard Posts