Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 nyonion Jan 30, 2017 2:20pm
179 Views
Post# 25773550

RE:RE:RE:Who is dumping again?

RE:RE:RE:Who is dumping again? Are we content that the ramifications of the 'contractor issue' have no lasting impact?

All we know is that the contractor and the company fell out over the measurement of work done.

We also know that the company put out this statement:-

Lucara Addresses Recent Botswana Media Reports

"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 2, 2016) - Lucara Diamond Corp.
("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC)
announces it has terminated its contract with Eqstra Botswana to provide mining related
services at its Karowe Mine. Contrary to recent media reports in Botswana, the Company is
unaware of any fraud or illegal activities, of its current or former employees, in relation to the
mining contract."

The heading is quite clear that the news release is about media reports and yet the first sentence  announces the contract termination. I'm moved to wonder whether the termination would have been announced at all, had it not been for the media reports?

Since those media reports were promptly removed from the internet and social media, those of us who have no access to the paper edition are left wondering what the alleged  "fraud or illegal activities," referred to above, are all about.
Bullboard Posts