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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

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Post by nyoni on Sep 07, 2024 7:36pm

Really?

Why would anyone think that Lucara (mkt cap $180M) would be capable of purchasing de Beers for $4 Billion?

Seems like a daft question, but the response from Lucara strikes me as a bit odd as well.

https://www.thisismoney.co.uk/money/markets/article-13824319/De-Beers-London-float-loses-shine-amid-weak-demand-natural-diamonds.html
Comment by Gerrywerry on Sep 08, 2024 10:09am
That was such a silly question to ask lucara . Silly silly silly.
Comment by nyoni on Sep 08, 2024 10:27am
Reporter; "Are you going to the ball with Prince de Beers?" Lucara; "Nah, I'm washing my hair that night."