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Bullboard - Stock Discussion Forum Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Metals & Mining Industrial Metals & Minerals
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 > HB
View:
Post by KingFox on Nov 07, 2024 9:44am

HB

some interesting tech that HB has just posted. lets hope we can get some cutting and polishing done to generate some actual sales.

https://x.com/HBAntwerp/status/1854531910246035645
Comment by bricksnmorter on Nov 07, 2024 10:15am
And we find a stone worthy of its capabilities to put it to good use! ;)
Comment by nyoni on Nov 07, 2024 10:36am
My understanding of the agreement with HB is that they pay the full agreed estimated polished price for rough stones upon delivery to HB. Adjustments based upon actual polished price come later (less HB's fixed fees). If so, every time a stone is delivered to HB, revenue accrues to Luc.  
Comment by KingFox on Nov 08, 2024 9:10am
agreed. fair.  I was just venting ......maybe some sarcasm .....
Comment by nyoni on Nov 08, 2024 10:32am
Of course we also know that at some point there was a spat about the original agreement. https://lucaradiamond.com/newsroom/news-releases/lucara-diamond-corp-announces-termination-of-diam-122870/
Lucara Diamond Corp