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Lucara Diamond Corp. (LUC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.5900+0.0200 (+3.51%)
As of 01:47PM EST. Market open.
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  • J
    JoeBronx
    LUCARA actually turned a profit for the quarter - result? Stock skyrockets $0.005, or one-tenth of a nickel! Perspective? It would take 10,000 shares to buy breakfast for two at Cracker Barrel! Bernie Madoff, you have competition....
  • W
    WishUtheBest
    Good Q3 results what the expectations for the price react
  • J
    JoeBronx
    LUCARA reports quarterly profit, believe it or not, but Lucara stock TANKS! The only thing that causes share price to crash even more is the discovery of huge diamonds- you do remember what happened last time big diamonds were found, don't you?
  • F
    ForkInWorldofSoup
    CNBC 10.12.21: "Consumers are splurging on diamonds. Signet Jewelers just hiked its full-year outlook — again".
  • F
    ForkInWorldofSoup
    Reinstating a dividend seems a long, long way out, given the capex announced, but it sure would help LUCRF.
  • F
    ForkInWorldofSoup
    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
    reid
    Does this company still pay a dividend? It says on yahoo it doesn’t, but it also says that for many other companies ?
  • A
    A Yahoo! User
    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
    Lu
    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
    Zoidberg
    They just need to show revenue and FCF, which they will. Be patient here Bernie!
  • F
    ForkInWorldofSoup
    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
    William Hung
    Highly recommend stock. Just got in. Insiders like it at a lot higher price how can you go wrong.
  • J
    Justin
    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.
  • J
    JoeBronx
    Look at this stock's chart. Even Bernie Madoff would laugh at this one.
  • A
    A Yahoo! User
    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
    A Yahoo! User
    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
    Zoidberg
    Someday soon, explosive move upwards! Time is on our side. Holding a decent positoin here, 50K+ shares
  • A
    Araho
    Any update on Clara?
  • w
    william
    Does it ever. Well run company, check out the earnings after close today. Should be good, forward steady climb after the big run up tomorrow.. Put in buy pre orders and you might be lucky to get it below 10% of todays close.
  • G
    Griffin
    Anyone active on this board? After reading the Q4 CC, I think this is headed to $1 at least.