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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Metals & Mining Industrial Metals & Minerals
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

Lucara Diamond Corp
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Post by desolationsoundon Aug 14, 2015 2:16am
231 Views
Post# 24017492

Stock P goes lower- share buy back becomes more of an option

Stock P goes lower- share buy back becomes more of an option
YES SHARE BUY BACK !
we were trading at over $ 2 a  share not too long ago .. down now to low 1.70s
We may have momentum now to go down  $ 1.60s or $ 1.50s per share -
which means company can potentially  buy back shares at a 25%  discount to what they could have a few weeks ago ... If it were me I would approach regulator and issue a share buy back plan or option
now .. $ 130 mill could buy a wack of shares !!! Iit also changes all the key ratios
MHO
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities