Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

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.

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Lucara Diamond Corp > A thought

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Post by nyonion Apr 30, 2023 9:18am

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Post# 35421446

A thought

Bots 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?

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