Breakout in Canadian Dollars on June 8, ascending-triple-top breakout. Breakout occurred in US Dollars on June 3. Still has not closed over .70 CAD to confirm the breakout, only in the US, closing above .55. From 2014 to 2016, topped out at 3.50. From 2016 to 2020, bottomed. Entered bull market from March 2020. Diamonds topped in 1980 at 60k per carat VVS1, bottomed in 2020. 40-year bear market ended.
r
quiet board, selling at 2.5 times cash flow, cheap like the oil and gas companies. inflation hedge.
N
Ascending Triple Top Breakout in US Dollars on June 3. Needs to get above .55 US, .70 CAD. For a real run back to 1.00. Bullish in 2022. 10-year chart looks good, as it bottomed in March 2020.
Z
Hype initiated.
R
Lucara has fallen from great heights because of the outrageous dividend policy . Lucas Lundin crippled this company milking it for dividend income when it should have been allocating to the underground development The share price has been devastated. Thomas is rebuilding the company from a well tested bottom and Lundin has retired. We can look forward to better times . The Russians will find resistance to their diamond sales as provenance has become important since blood diamonds. Many diamond mines have been depleted and there is a shortage of high quality stones which is increasingly reflected in rough prices. For the first time in years I am becoming bullish on the company. The core samples taken from the area to be accessed by the underground indicate that there are some very special gems in our pipeline Patience is required and it will I believe lead to rewards for those that are accumulating on any weakness.
F
Town Hall announced for 11/23. Let's speculate about the talking points.
My assumption is an overall positive conversation but nothing earth shattering:
Continued Clara success and expansion. Signs diamond industry has bottomed. Large diamond discoveries in 2020. Cash position outlook based on partnerships.
What I fear is an announcement that results in dilution.
r
Does this company still pay a dividend? It says on yahoo it doesn’t, but it also says that for many other companies ?
A
imo... you dont buy this for the div, which is now gone, you buy it because they have a mine with a history of producing very large and valuable gem quality diamonds. they are also at the beginning of utilizing the technology to do so more efficiently.. its a spec buy for sure, but the potential for them to find very valuable stones which translate into very large sums of money is great, imo.
L
Clara honestly is a very lucrative and smart investment by LUC. Many companies are trying to bring the diamonds to market like gold is. but with diamonds is a very hard and different ball game. Its nice to know they are basically doubling their customers on Clara every year. Probably very big profits or at the least big volume will be moved by Clara. I wouldn't be surprised if Clara is one of the top Diamond Trading platforms. does any one know of other Clara like options out there like the Clara Platform? or do they even exist?
Z
They just need to show revenue and FCF, which they will. Be patient here Bernie!
m
Excellent earnings. Follows the same pattern as other diamond miners that have reported lately.
F
Lucara Diamond just announced the discovery of a 998 carat rough diamond:
Forbes 11/11/20: "A 998-carat rough diamond was discovered in Botswana in the Karowe Diamond Mine owned and operated by Lucara Diamond, a mining company that specializes in unearthing large diamonds. It could be the fourth largest gem quality diamond ever discovered."
W
Highly recommend stock. Just got in. Insiders like it at a lot higher price how can you go wrong.
J
This company is soooo undervalued. A true diamond in the rough, while ironically also being one of the finest diamond mining companies in history (perhaps they finest). I suspect there may be a catalyst coming up as a result of the business model shift last year (instead of selling in the opaque wholesale diamond market, they're getting a cut (pun intended) on retail sales of large premium diamonds via HB Antwerp and Loius Vuitton. The two super large diamonds from last year (like some of the biggest ever mined) haven't been sold yet, right? So as those two big diamonds sales come and HB sells 2020's production, we may see some surprisingly good quarters. Also seems like a great company from a community perspective, country risk ok. My guess is $2 at some point sooner than later. Nice to able to find a good company that isn't grossly overvalued for once.
F
CNBC 10.12.21: "Consumers are splurging on diamonds. Signet Jewelers just hiked its full-year outlook — again".
J
Look at this stock's chart. Even Bernie Madoff would laugh at this one.
A
Check the recent Bloomberg article on the rough diamond market... things are very HOT right now.. debeers marked up prices by 5 to 10% then their siteholders resold those for 5 to 10% more... great news for this company.. large diamonds are also very much in demand
A
JoeBronx.. this co used to pay a dividend.. did u factor that into your calculations?... fyi... just proves, timing is important, as well as increasing your position at lower levels
Z
Someday soon, explosive move upwards! Time is on our side. Holding a decent positoin here, 50K+ shares
Lucas Lundin crippled this company milking it for dividend income when it should have been allocating to the underground development
The share price has been devastated.
Thomas is rebuilding the company from a well tested bottom and Lundin has retired.
We can look forward to better times .
The Russians will find resistance to their diamond sales as provenance has become important since blood diamonds.
Many diamond mines have been depleted and there is a shortage of high quality stones which is increasingly reflected in rough prices.
For the first time in years I am becoming bullish on the company.
The core samples taken from the area to be accessed by the underground indicate that there are some very special gems in our pipeline
Patience is required and it will I believe lead to rewards for those that are accumulating on any weakness.
My assumption is an overall positive conversation but nothing earth shattering:
Continued Clara success and expansion.
Signs diamond industry has bottomed.
Large diamond discoveries in 2020.
Cash position outlook based on partnerships.
What I fear is an announcement that results in dilution.
Forbes 11/11/20: "A 998-carat rough diamond was discovered in Botswana in the Karowe Diamond Mine owned and operated by Lucara Diamond, a mining company that specializes in unearthing large diamonds. It could be the fourth largest gem quality diamond ever discovered."