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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. The Company owns Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. Its wholly owned subsidiary is Clara Diamond Solutions Limited Partnership (Clara).


TSX:LUC - Post by User

Bullboard Posts
Comment by smoothedgeon Jun 30, 2014 6:25am
342 Views
Post# 22704628

RE:Growth

RE:GrowthI could be wrong but the perfect fit because of it's geographical position and with Lucara having all the workable mining equipment in place at Karowe.  I hear the place i am about to mention has mining equipment which is in disrepair and the company has basically abandoned the mine for another mine in Mothae ?

That would be Firestone Diamond's BK11 mine . I got a feeling Lucara may make a move for that one but not untill Lucara has the $50 mil improvement in place . If not why not ? What about some kind of a trade of sorts / cash since Lucara has their Mothae project on hold just as Firestone has their BK11 mine on hold ? Then again maybe a straight purchase of BK11 makes more sense since i think Lucara is in a very good cash position while i am under the understanding that Firestone needs cash more than more property ? 


Bullboard Posts

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