RE:special stones
Hi Serious I
Based on a recent Lucara Website presentation my calculations put the carat distribution of the 188 stones like this
188 10.8+ carat stones in 1st qtr:
63% 10-20 carats
27% 20-50 carats
8% 50-100 carats
2% 100+ carats ( 4 stones )
Lucara is a ver.y very very conservative company
Since it appears that someone or company seems to put larger asks positions as the LUC SP approaches $ 2 I
I think ....
Ideal time at tomorrow morning AGM meeting for Lucara is to announce a stock buy back plan...
Since they have 377 M shares outstanding ...if stock stays below $ 2 they could buy back quite a few shares in 2014 ...puts the people interested in a sub $ 2 SP in a dilema
that is how you increase shareholder value !!!
Or LUC should have a plan to crash through the $ 2 barrier as from a potential investor prospective it opens up an entire new investor base for Lucara .... We may see in October - November 2014 a 3rd exceptional diamond tender ....
-DS