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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 nyonion Nov 03, 2022 4:29pm
171 Views
Post# 35070958

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting I can't see any tie-up for big stones between Debswana and the likes of HB having any negative impact on Lucara because those stones are already being sold somewhere. It's not like there will be a sudden input of big stones to the market - they are already there.

However, if Clara can get ODC's 1ct - 10.8ct high quality stones then I see how Lucara can envision the growth they depict for Clara.

You are right to say that the govt is in ultimate control here and it appears that their thinking is in alignment with what's good for Lucara.

The govt is in control. The govt has 50% of Debswana. The govt has 100% of ODC. The govt owns 15% of deBeers.

I'd say that "stay tuned" is still valid and yes, I'd say it's getting wound tighter and tighter.
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