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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

Post by nyonion Oct 20, 2022 12:49pm
824 Views
Post# 35036703

Any thoughts?

Any thoughts?Q3 results are due out in 13 days. (2nd Nov)

It will be interesting to see how the Clara 3rd party supplier trial is going.

Eira said last month that she was hoping for a secure supply agreement before the end of this year.
The potential volume through Clara for 2023 is depicted as $600M with $30M accruing as revenue (5%).
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2022/09/15/lucara-diamond-corp/play/stream/34802

Since Clara appears to have a zero contribution to Lucara's current share price, I would imagine that any announcement of a supply agreement would have to be accompanied by a trading halt to allow for re-rating.

Any thoughts?
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