Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Apr 30, 2023 9:18am
197 Views
Post# 35421446

A thought

A thoughtBots govt has bought in to HB to the tune of 24%. (Although details of the buy-in are not yet known)

So not only will they get higher prices for their +10.8 ct stones and consequently more royalty, but they will presumably get 24% of any dividends.

What if Clara spins out and the govt buys in? They would also get those same benefits from the better quality smaller ct stones that Clara deals in. 

Since Clara is already breaking even (if I've read the situation right) there should be decent dividends for us also.

If it spun out I wonder what the conversion rate would be? One share for every ten LUC perhaps?

Any ideas?
<< Previous
Bullboard Posts
Next >>