Lucara Diamond Corp T.LUC

Time to get out?

[bricksnmorter]

https://www.cnbc.com/amp/2024/06/05/diamond-industry-in-trouble-as-lab-grown-gemstones-tank-prices-further.html

[nyoni]

[url=https://https://nypost.com/2024/06/12/business/how-the-worlds-two-biggest-diamond-companies-are-plotting-against-the-rise-of-lab-grown-gems/][/url]

[nyoni]

edit.. https://nypost.com/2024/06/12/business/how-the-worlds-two-biggest-diamond-companies-are-plotting-against-the-rise-of-lab-grown-gems/

[bricksnmorter]

Seems like a big risk to me to sit here waiting and waiting to see which wins in the end. In the meantime while the marketeers try and persuade the market our sp continues to tank!

[Gerrywerry]

It seems to me it's way to late to stop sitting here . Everything bad has already happened and is in the share price already .  The future is better .

[bricksnmorter]

In the two years we will be waiting there are other opportunities we could be making our money back in the meantime. Why not just jump back in at a later date?

[Gerrywerry]

If you were saying that a couple of years ago I could understand the rational but if you do jump now chances are you will be getting back in at a higher price later on . 

[bricksnmorter]

I thought you said we need to wait for the ug? When does that go live?

[Gerrywerry]

I really don't understand where your coming from if you are still a shareholder but I suspect you aren't a shareholder anymore and it's just a bit of de ramping . It's the only scenario that makes sense . I think this conversation has nowhere left to go . Each to their own .

[bricksnmorter]

Gerry, Forgive me, but am just trying to understand the logic. You say its better to hold on but on the other hand there is 2 years to wait for the u/g. Would it not make sense to sell and buy back in 2 years whilst the sp languishes at historic lows? Its a genuine question, but I see you cannot answer? Thanks BnM

[nyoni]

Bricks, the u/g project has no effect on current production from the open pit. Open pit will continue production until u/g is ready. Look elsewhere for the low SP.

[Gerrywerry]

I presume you have no shares and would like a lower price  for obvious reasons . I don't think there is any point to any further conversation about this .  

[bricksnmorter]

Look, was just genuinely trying to have a discussion. I thought that's what this board was for. You just want to shut people down who ask you a question that you can't answer

[Gerrywerry]

As I said I'm done with this

[bricksnmorter]

Just as I thoughtt, you get caught out and then have no option but to put up a barrier and refuse to comment. Not surprised really. 

[Gerrywerry]

It's just that it not worth commenting on . 

[KingFox]

my two cents.  it's an opportunity cost for sure to sit on it. which is what I'm forgoing. my believe is that when it turns it will be very quick if not an outright offer, and thus difficult to get back in. additionally it feels like to me that its being accumulated ..... that is just a cut feeling.

[bricksnmorter]

KingFox, agreed. That's what I was asking Gerry, but he/she wasn't capable of discussing.

[Gerrywerry]

I also agree kingfox , as I posted a few posts back . " if you get out now you will pay higher to get back in " glad to hear we all agree about this