Lucara Diamond Corp T.LUC

Results

[DavetheHorse]

Quite a big loss for the year, wonder if they will have trouble getting finance for the underground? Can see a big sell off on Tues

[Gerrywerry]

First Eire said the finance would be in pace in H2 last year and then at the latest during H1 this year and now H2 this  year ,so I can think we can safely assume it's been a lot harder than Eire first anticipated,  not making any arrangements for the underground costs when we were flush with funds   Was such a bad decision.  Considering the state of the world the results

[Gerrywerry]

I didn't see a figure for sales through Clara ! Unless I missed it !

[nyoni]

The full results, including Clara stats, are here:- https://www.lucaradiamond.com/site/assets/files/62782/luc_combined_regulatory_q4_2020.pdf

[Gerrywerry]

Thanks nyoni

[DavetheHorse]

off nearly 10%, lets she what gets discussed on the analysts call

[Gerrywerry]

Just listened to the conference call , a few questions about the financing, I dont expect much to happen here until the finance is in place . With the year that was its understandable that the financing talks have been delayed but it definitely hangs over the recovery in the sp Ever fed up being patient !!!.?

[nyoni]

Don't forget that, as Eira once said, they don't have to go underground. It was emphasized again in the results call that a go/no-go decision will be made by the board of directors later this year. Could be sold off as an oven-ready project, licenced to 2046, with much work already done and $4.5Bn in the ground. (Preferably spinning out Clara first). How much are we worth per

[Lachine]

This post has been removed in accordance with Community Policy

[Gerrywerry]

Trying but not succeeding,   Can't imagine she would sell , how would that look if the queen of diamonds couldn't successfully run a diamond company and sells instead .  

[nyoni]

The decision would be made by the board of directors, of which she is but one.

[nyoni]

By the way, although Lucara relinquished its only remaining exploration licence in Q3 2019, there was a 2020 expenditure of approx $2M for exploration. Sunbird is still going, (although covid-hampered), according to Luc website, so whose ground are they looking at? From the website:- SUNBIRD EXPLORATION GENERATIVE PROJECT: The Company’s exploration program in 2019/20 is focused on

[Gerrywerry]

Anything that  has and will happen is  lundins decision. It would be interesting to know his thoughts

[satchmo6]

too many diamond co's chasing too few diamonds and investors eg;  Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks.