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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 bricksnmorteron Aug 10, 2023 5:13am
83 Views
Post# 35581090

RE:RE:RE:RE:1080cts White Latest find

RE:RE:RE:RE:1080cts White Latest findGerry, most companies have a level of gearing. By paying a dividend it would become more attractive to investors - not financial suicide at all.

Not pying a small dividend, shows the market the company is not confident in its future cashflows and is not managing cash effectively.

At the moment we neither get any return on our investment through income or capital gain - who would want to invest in a share like that?!

No wonder the SP is in the toilet
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