I recommended this stock on my watch list report earlier this week. I finally took a position today in Lucara Diamond- LUC.v. Lukas Lundin has buying up shares lately at a very attractive prices. The company had some litigation issues that have been dismissed and some construction delays, but everything is has now been resolved and business is back to normal. I now expect to see a recovery in the share price. The company will also be graduating from the the TSX Venture Exchange to the TSX -Toronto Stock Exchange which should give the company more exposure. Their AK6 has been delayed due the the contruction issues but investors need to remember that the AK6 Diamond Project is a World Class Diamond Project that is part of the Lundin Group and is coming into production in a just a few months. They also have their Mothae Diamond Project which has been releasing excellent drill results. Mothae is another excellent project that will add to production when it goes into production in Q1 2015. The market will give this company a re-rating when the AK6 goes into production.
I recommend investor look at their corporate presentation: http://www.lucaradiamond.com/i/pdf/2011-08_CorporatePresentation.pdf
Lucara Diamond has been rumoured many times as being a take over target. I believe it's on the radar of a major Diamond Producer.
Do your due diligence.
|August 25, 2011 ||Lucara to Commence Trading on the Toronto Stock Exchange on August 29, 2011 |
|August 15, 2011 ||Lucara AK6 Construction Resumes Normal Productivity |
|August 10, 2011 ||Lucara Litigation Update |
|July 21, 2011 ||Lucara to Commence Trading on Botswana Stock Exchange |
|July 15, 2011 ||Lucara Diamond Corp.: AK6 Project Update |
|July 7, 2011 ||Lucara Enters Into Finance Facility |
|June 27, 2011 ||Lucara Diamond Corp.: Development of AK6 Diamond Mine Passes Half Way Point and Remains on Time and Within Budget |
|June 16, 2011 ||Lucara Reports Continued Excellent Results From Mothae Diamond Project in Lesotho |
|May 11, 2011 ||Lucara Corporate Update |
|March 28, 2011 ||Lucara's First Diamond Tender Yields Gross Proceeds of $8.18 Million |
|March 23, 2011 ||Large Diamond Recoveries Continue at Lucara's Mothae Project |
|March 21, 2011 ||Lucara Responds to Press Speculation |
|March 16, 2011 ||Lucara Announces First Mothae Diamond Sale in Antwerp |
Transaction Shares/ Account- Insiders Buying
Aug 24/11 Lamb, William Direct Ownership Public market buy Common Shares 0.850 10,000 10% 110,000
Aug 23/11 Lundin, Lukas Henrik Direct Ownership Public market buy Common Shares 0.861 276,500 8% 3,668,000
Aug 22/11 Lundin, Lukas Henrik Direct Ownership Public market buy Common Shares 0.870 96,500 3% 3,391,500
Note: I own shares at .90cents.
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