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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 theSwede99on Mar 28, 2023 10:27am
578 Views
Post# 35364456

Botswana government deal with HB

Botswana government deal with HBStill trying to wrap my mind around this news and how it benefits Lucara.  Well with the governments minority stake in HB they get access to more profit now including their direct taxes and royalties from the company.  Market doesn't seem impressed judging by the share price.  I'm also skeptical of Lucara's female dominated management team to get things done...there I said it's.  We essentially get backdoored on this deal and have lost some negotiating power!
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