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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

Lucara Diamond Corp > The lack of a financial plan
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Post by Gerrywerry on May 31, 2023 3:23pm

The lack of a financial plan

Worst ever financial plan .  In the beginning a great asset throwing off a large amount of cash our illustrious management knew they would need  large amount of cash as they progressed towards underground. At this point any prudent management would have put funds aside , maybe 150 million and if they had done that we would have progressed smoothly to the underground without destroying the share price .  In spite of the lack of planning the future will be much brighter than the present.it's a long and unnecessary tunnel but there is light at the end of it
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