Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

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.

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Lucara Diamond Corp > Does not make sense to me...

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Post by AndersSon Dec 08, 2021 5:10pm

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Post# 34212236

Does not make sense to me...

Today's share price does not make sense to me. But maybe I'm missing something?
Below is a list of the most relevant news and factors to the share price which I can think of looking back 4 months or so.

2021-07-15 Lundin family bought more than 17 million shares @ $0.75 [SEDI]
2021-08-25 Lundin family bought almost 24 million shares @ $0.665 CAD [SEDI]
2021-09-09 Lucara announces final board project sanction for the underground expansion and financial close of financing. [Press Release]
2021-10-03 Lucara reports a historically strong Q3 report with revenues of $72.7 Million. [Press Release]
2021-10-07 Berenberg Bank upgrades Lucara to Buy and raises target price to $ 1.00 CAD. [Reuters]
2021-12-01 Essentially all Lucara employees in Botswana have had two doses of covid vaccine. [Scotiabank Mining Conference presentation]
2021-12-01 Work on underground is progressing well. Pictures shown of obvious progress. [Scotiabank Mining Conference presentation slides]
2021-12-08 Botswana, one of the first countries to detect Omicron, sees no rise in hospitalisation. Only one person is in ICU according to the health minister. [Reutes, see link below]
2021-12-08 Polished diamond prices continue to rise and IDEX index is at 52 week high. [https://www.idexonline.com/index]
2021-12-08 Paul Ziminsky rough diamond index is at 52 week high. [https://www.paulzimnisky.com/roughdiamondindex]
2021-12-08 Lucara share falls to $0.55 under relative high volume.