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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

Comment by tadjames1on Dec 31, 2020 12:21pm
127 Views
Post# 32203890

RE:Anyone know the answer

RE:Anyone know the answer Gerry, can you look at the annual report from last year and see what cash flow was and then answer the question ? It probably will be a decent indicator of what the numbers will be in the near term or maybe worse due to lower rough pricing. IMO, when you have to use your cash flow to extend the mines life, its not a good thing. A good thing is growing revenue which they have not been able to do at all. So, they are using all of their cash flow to continue to be lack lustre so to speak. Pity. 
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