Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Gerrywerryon Jul 29, 2021 12:26pm
136 Views
Post# 33623598

RE:RE:RE:RE:RE:RE:RE:Lukas

RE:RE:RE:RE:RE:RE:RE:LukasThey took a chance and unfortunately for us it didn't work out .  All they had to do was hold back 100 million and we would have had no issue with the underground and if  it turned  out we didn't need that 100 million for the underground we would have got it in dividends just a bit later .  It just prudent  house keeping . Don't you think it would have made sense to delay the dividend so to ensure that it could be maintained for the mine life ?  The market likes dividends but doesn't react  well to company's that start a dividend but can't maintain it . At this stage it doesn't really matter as there is nothing we can do about past mistakes but it doesn't mean that we should be blind to those mistakes.
<< Previous
Bullboard Posts
Next >>