Lucara Diamond Corp T.LUC

William in eira out

[Gerrywerry]

Thought something was going on but didn't think that was going to happen . Don't know what to think !

[nyoni]

Shareholder pressure?

[AndersS]

I guess the UG delay and cost increase made Eira lose her job.  Maybe the lenders will trust Lamb more than Eira?  

[nyoni]

Not just her job as CEO  but presumably not on the board of directors anymore. Release says Willy will be a director and the rules say there shall be seven directors total.

[KingFox]

so the pressing question becomes Clara, doesn't ET still own a piece of this along with a few others.......wow, just wow.

[KingFox]

okay, lets see what Sweden things of this ....... giddy up.

[Gerrywerry]

Clara is a side show the most pressing is the underground and that comment about on going financial commitments.

[nyoni]

Clara is owned 100% by Lucara; however ET and some other vendors of Clara get a % of any earnings exceeding a certain amount, for a certain period of time. You'd have to read the agreement to get the exact details.

[divime1]

 I imagine Lundin pressure . They can't be happy the shaare price is 38 cents .

[Gerrywerry]

Clara underperforming and huge underground delay. She may have got away with one but not both . It will interesting to see the new  managements  opinion about Clara as it wasn't his idea . One way or another it can't be much worse than than the last few years.  I wonder what Williams remuneration is as eira was over paid by any metric.  

[explman]

Clowns. Fire William tio hire Eira, fire Eira to hire William. The board should all hang their heads in sahme. Is the best you can do at your 1 big task?

[Gerrywerry]

I'd be inclined to give the new old boy a chance before making a judgment

[explman]

Not making a judgement on Will. Making a judgement on the board. If Will is so great, why did they fire him in the first place? 

[Gerrywerry]

He didn't like Clara and wasn't keen on the dividend policy . At  the time Lucas lundin was very keen on the dividend and Clara and eira. Williams biggest mistake was the llr auction.