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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 Gerrywerryon Dec 19, 2021 6:10pm
109 Views
Post# 34245344

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any news on or is it deferred?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any news on or is it deferred?

It's not that they wasted the money , it's just that it was so obvious even then that they would need it for the underground , now we have  been diluted and the share is in the toilet . No one knows where the sp would be if they held back 150 million to put towards the underground but I believe much higher than today and not diluted ,   It was a bad business decision and hindsight has nothing to do with it as it was obvious at the time that it was a mistake .  The dividend should have started later and then maintained for the mine life .  There is a quote from some analyst , I don't know who ,            

" there is only one thing the market likes less than a company not giving a dividend and that is a company starting a dividend and not being able to maintain it"



 

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