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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 AndersSon Oct 03, 2017 4:37pm
121 Views
Post# 26772489

RE:RE:RE:RE:RE:RE:A Bloomberg Article

RE:RE:RE:RE:RE:RE:A Bloomberg ArticleI'm not convinced that it will be a second EST this year. See the text from the Q2 report below.
But if not, it is not the end of the world. In fact, it could explain why we are below 3 CAD.
Also, it would most likely mean that instead there will be an early EST in 2018.


This is from Lucaras Q2 report:
"...Revenue guidance is maintained at between $200 to $220 million, however, as south lobe ore generally returns larger, higher value diamonds contributing to higher overall rock value. Revenue guidance forecast does carry increased risk based on the challenge in predicting the overall timing of the recovery of these large, high value stones."

https://www.lucaradiamond.com/mine-operations-and-exploration/quarterly-operation-update
Bullboard Posts