Lucara Diamond Corp T.LUC

spin out?

[nyoni]

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=67885&ArticleTitle=Lucara%2bMulls%2bClara%2bSpin-Off%252c%2bNew%2bBotswana%2bMine

[Gerrywerry]

Bit  of an about turn by eira . She has said in the past that Clara has the potential to add as much as the mine contributes in revenue . The difficulty in adding third party supply must have led to this change .

[nyoni]

You're probably right about that but nevertheless I, for one, would be more than happy to have it spun it out and to receive a proportionate number of new Clara shares.

[Gerrywerry]

Me for two , don't see any harm in it .

[nyoni]

The other interesting thing in that article was this:-  “We love Botswana, we’d love to have another mine in Botswana. So we will continue to work that angle as well.” It’s unclear whether Thomas meant she wanted to buy a mine or discover one through exploration. She should have a word with the minister of Mines because he seems to know about one that was found when nobody was looking for

[Gerrywerry]

The mysterious secret find ! You never know!

[Lachine]

This post has been removed in accordance with Community Policy

[nyoni]

Stay tuned. lol

[Gerrywerry]

Another great eira quote. " our  main priority is to return shareholder value ". Now how's that working out .  

[Lachine]

This post has been removed in accordance with Community Policy

[AndersS]

If Clara was a seperate company the valuation could be significant given that it's an IT company with strong growth. With a P/S valuation of  5 Clara would be worth about the same as Lucara is today.

[Gerrywerry]

I love your optimism.