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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
Post by nyonion Jan 27, 2017 2:47pm
204 Views
Post# 25765204

Jumbo jitters

Jumbo jittersWell I'm certainly no expert but I do like to keep tabs on my investments and what influences them.

As far as LLR goes, I don't see that as the main problem at all. After all, we managed to sell Constellation for $63M plus an as-yet -unquantified 10% of the polished profit. It can only be a matter of time before some buyer's maximum price coincides with, or exceeds, our minimum price for LLR.
There are two possible sales scenarios as far as we are concerned - it either goes with a premium for being the biggest rough diamond "in captivity" or it goes without that premium. Either way it will make a handsome sum which will travel straight to the bottom line.

...and if we find a bigger one? 

Bring it on, is what I say.


Bullboard Posts