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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 > equity issue
View:
Post by KingFox on Aug 14, 2023 10:33am

equity issue

is a serious one, however it seems that a favourable outcome on the finacing issues within the next three weeks would be a significant removal to that overhang. thankfully we will not have to wait very long to get an answer. probably why sp has been contained given the announced biggie.
Comment by nyoni on Aug 14, 2023 11:28am
What if an equity issue was for Govt to buy in? The President did say, before the covid hit, that they wanted to come in. https://rapaport.com/news/botswana-proposes-lucara-investment/
Comment by Gerrywerry on Aug 14, 2023 11:41am
Wouldn't like an equity issue at this level but if it was the government it would be less painful 
Comment by nyoni on Aug 14, 2023 11:47am
Well at least the shares would never be sold into the mkt, but dividends would be diluted of course. But ff the share price rose to where it ought to be I wouldn't mind that. Is it significant that El Humunga was announced the day before results?
Comment by KingFox on Aug 14, 2023 1:36pm
it's still dilution and where we are, that would be a pretty big pill to swallow. now if they started to take a position now via the open market, that might be the deal of the century.