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. 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.

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Lucara Diamond Corp

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Comment by Baymanon Sep 18, 2017 6:29pm

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Post# 26711294

RE:RE:RE:RE:RE:LLR

Unless you account for the Native risk in Canada of course.

Bayman wrote: I think they are negotiating a future tax and royalty deal. I suspect that Lucara will hedge the good possibility that there are more and bigger stones ( why else would the have done the recent upgrade) and they will "sell" the 1109c stone for...... less royalites/taxes on future production. Problem with that is, if gov figures later they were screwed, they could just create trouble by expropriating the mine/diamonds. What we have been Seeing here over the past few months is Country risk being subtracted from the stock price. Unfortunately I don't think it is over yet. If this mine was in Canada we would be at $5+ already or already bought out.

Skeltic wrote:
I think what this means is the the government wants first dibbs at whatever price is offered on special stones. So if we had an offer of 60 million , Botswana has the right to match that bid but we still have the right to resuse to sell at or under 60 million. I think this is more than far, considering these are Botswana diamonds after all.