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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 Dec 15, 2016 11:19am
255 Views
Post# 25604538

RE:RE:RE:RE:RE:RE:Small colour would help

RE:RE:RE:RE:RE:RE:Small colour would helpJust spoke with Tanuja at Lucara. I spoke with her for a good 10 minutes plus. The general advice was that everything is still on track. She confirmed the company has 5 months worth of stock pilled ore from the south lobe, and so there is no downtime or delays foreseen that will affect the 2017 guidance. They are updating the processing plant to handle the bigger stones that could be found with the mega diamond recovery. She also mentioned the 10 cent dividend next year and the company's policy on paying out a special dividend when appropriate. She mentioned that although it would have been nice to have sold LLR this year the fact that it is now being analysed properly gives a stop gap which provides a tax advantage for the company. She did say that William has received an offer greater than what was bid at auction - so the company did have the option of selling, but decided to continue with the analysis to realise the maximum potential. She said that it was a good buying opportunity at the moment whilst the share price is lower. She confirmed that William was in Botswana arranging the signing of the new contract and not just to get away from the cold freeze currently in Vancouver!
Bullboard Posts