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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 > Turn-around?
View:
Post by Tutank2 on Feb 03, 2024 3:26am

Turn-around?

I am a long term investor. I have been investing in the market for 30 years and are always looking for forgotten turn-around cases. These are the cases where I have made my most money. 

One criteria for me is when a former CEO has made a mess out of things and current share holders have gone through many phases of disappointment. 

Lucara Diamonds has experienced a significant downturn in the stock market, impacted by unclear financing, technical issues in mining operations, and challenges in the diamond trade. Including a CEO that under performed vastly. However, the new CEO William has now successfully addressed these concerns to a large extent:
 
1. Financing: Solution achieved at 100%
2. Technical issues: Remedied to approximately 90%
3. Diamond trade: Action plan in place with a forward-looking strategy.
 
William's leadership and the action plan have created a positive atmosphere. Industry experts emphasize that large natural diamonds are expected to continue selling at significant values. 
 
With these positive changes and reduced risks, everything points towards a substantial increase in Lucara's stock price. A clear upward trend has already begun, and the established bottom indicates persistent confidence from major shareholders.
 
This appears as a strong turn-around case with significant potential for an upswing. Investors should consider the current situation as an opportunity to capitalize on the anticipated positive developments.

Yes I have started to accumulate in earnest. 
Comment by Gerrywerry on Feb 03, 2024 4:06pm
Totally agree .  Truly awful financial planning has caused thi huge blip but huge as it is its only a blip .good times ahead.