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Bullboard - Stock Discussion Forum 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... see more

TSX:LUC - Post Discussion

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Post by Internist on Dec 21, 2021 3:14pm

Sewelo

Wasn't Sewelo supposed to be sold before the end of the year? Not sold or no news release about it? I hate the HB agreement. In the Lamb days at least you knew after a few weeks or months what the price for the special stones was... Now we know nothing...
Comment by Lachine on Dec 21, 2021 3:45pm
This post has been removed in accordance with Community Policy
Comment by Lachine on Dec 21, 2021 3:49pm
This post has been removed in accordance with Community Policy
Comment by nyoni on Dec 21, 2021 4:00pm
Looking back at the news releases it seems that the Q4 2021 payment was going to be for Sethunya not Sewelo.   "Under the arrangement between Lucara, Louis Vuitton, and HB, the parties will collaborate and plan the creation of the highest value polished diamonds from the 549 carat rough, which will be made available to Louis Vuitton exclusively. Lucara will be paid a ...more  
Comment by nyoni on Dec 21, 2021 4:06pm
For Sewelo we had this:- Sewel, which means “rare find” in Setswana, is the second, +1000 carat diamond recovered from Karowe in four years and the largest ever recovered in Botswana. The diamond has been characterized as near gem of variable quality, with recent analysis confirming that it also includes domains of higher-quality white gem. Lucara believes that the full potential of this special ...more  
Comment by nyoni on Dec 21, 2021 4:16pm
Apologies for the missing circumflexed 'O' at the end of each 'Sewelo'. Apparently my copy and paste software doesn't recognise that symbol and just ignored it.