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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 explmanon Aug 09, 2019 2:51pm
161 Views
Post# 30012322

Dividend

DividendEnjoy this one as it is likely the last or second to last one you will see. Once they realise the capital requirements of the u/g, they will need to divert all available funds to that. And if you listen to the call, Queen Eira mentions that they are continuing to pay the dividend out of cash flow, which is not quite true, as they needed to draw down on the revolver to the tune of US5M. My prediction is there will be a discounted rights offering coming to help finance the capital of the U/G.
Bullboard Posts