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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 Hammerstedton Jul 21, 2019 12:13pm
91 Views
Post# 29944034

RE:RE:RE:Shorts dropping again

RE:RE:RE:Shorts dropping again
I've been holding the stock for close to two years now. Had some holdings before this period.
The question I ask now is if it's worth to hold further after the stock price recovers or if some other investment is a better choice. After all, the dividend is great, the quite certain possibility that Lucara will take the nine underground and that Clara can take a profitable share of its own boads well for the future.
On top of this, possible new mines that the company can implement similar production systems in would carry a good chance of becoming very profitable. As many have said, the sector itself has become increasingly cheap and this opens up for good possibilities if the company one is invested in has a good economy.
With smaller mines closing and larger parties restricting the supply we are set for a good future. I doubt we will see the company go bankrupt, and the chance of finding some larger unique stones truly gives the company itself a unique quirk when compared to many other similarly sized companies
If one would sell it would be to a good price, at a moment like that one would also ask if it would be worth selling ones whole holdings or just parts of it. My two cents in the matter.
Bullboard Posts