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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 bricksnmorteron Oct 24, 2017 10:11am
215 Views
Post# 26849802

Q3

Q3I'm intrigued to see what Lamb has to say about the sale of LLR and current state of affairs next Thursday and if there are any clues about the 2nd EST. If there is not going to be an EST, the company will have to provide a news release stating that the company is unlikely to hit their Revenue forecast for the year.

Personally, I dont think that will happen, Lamb is conservative in his numbers and the company now seem to have an established model of 4 regular tenders and 2 ESTs per annum. When Lamb warned the market earlier in the year that the company was revising its production targets he maintained that the comapny would still meet the revenue target of 200-220m. Therefore, I would be very surprised if this didn't materialise as forecast.
 
Bullboard Posts