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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 KingFoxon Nov 03, 2022 4:02pm
153 Views
Post# 35070879

RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting have to assume that the gov't wants to sell these via CLARA, and of course DeBeers is balking, at least until they make some deal re: CLARA. Now where the hang up is can be discussed. I assume its with the +10.8 cts stones i.e. the more valuable ones, where the gov't wants to enter into a Lucara/HB type of partnership and looking to up there 25% ODC control to at least 50% maybe more given, well they're the gov't and in control. I think the former clearly benefits Lucara, not sure and ODC/HB partnership would have any impact on us, unless the +10.8 cts stone flow through us. I have no idea if that would even be a possibility. Sounds like a big game of chess is going on, but does not explain why our sp continues to flounder. Can it be under some undue influence ? maybe being wound tighter and tighter? wishful thinking on my part........ but one can always dream.....
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