RE:RE:RE:spate of options exercisedOpinion: ....Lamb is not stupid .. with diamond recoveries increasing daily - why would he cash out?
188 10.8+ carat recoveries 1st qtr Vs 230+ 10.8 carat recoveries at 1/2 way mark of 2nd qtr ..
This SP is set to explode !!! faster if these things happen:
1) More 100+ carat diamonds discovered in 2nd Qtr - if material LUC needs to inform market immediately - I suggest if they find more clusters of 100+ carat diamonds that they release news before any insiders taking up any more stock purchase options ...
2) Botswana grants prospecting permits to Lucara
3) June regular diamond tender exceeds sales expectations
4) Competeitive buyout attempt-( think Lukas would try to put a stop to this quickly :)
( does DeBeers want their original property back??? or perhaps other companies buy in before market fully
appreciates Karowe total mine resource potential???
5) JV opportunity
Also mark July 18th on your calendars after the Lucara diamonds July's Exceptional diamond tender closes and a possible press release at 5:30 pm Toronto time
(This is almost like an Easter Egg hunt only this time it is exceptional size/quality diamonds )
- DS