stocktrademan
10 years ago
Lucara Diamond Corp. [$LUCRF] due diligence
bullish
$LUCRF
DD Notes ~ http://www.ddnotesmaker.com/LUCRF
##### recent news/filings ~ source: finance.yahoo.com
Thu, 15 Aug 2013 15:46:54 GMT ~ Lucara Diamond Is A Diamond In The Rough
read full: http://seekingalpha.com/article/1637952-lucara-diamond-is-a-diamond-in-the-rough?source=yahoo
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##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/LUCRF/company-info
Ticker: $LUCRF
OTC Market Place: OTC Pink Current
CIK code: not found
Company name: Lucara Diamond Corp.
Company website: http://www.lucaradiamond.com
Incorporated In: Canada
##### extra dd links
Latest filings: http://www.otcmarkets.com/stock/LUCRF/filings
Latest financials: http://www.otcmarkets.com/stock/LUCRF/financials
Latest news: http://www.otcmarkets.com/stock/LUCRF/news - http://finance.yahoo.com/q/h?s=LUCRF+Headlines
Major holdings: http://data.cnbc.com/quotes/LUCRF/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=LUCRF+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/LUCRF.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=LUCRF
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=LUCRF&search=search
DTCC: http://search2.dtcc.com/?q=Lucara+Diamond+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Lucara+Diamond+Corp.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Lucara+Diamond+Corp.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.lucaradiamond.com
Alexa: http://www.alexa.com/siteinfo/http://www.lucaradiamond.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.lucaradiamond.com
Short Sales: http://www.otcmarkets.com/stock/LUCRF/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/LUCRF/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/LUCRF/research
Historical Prices: http://finance.yahoo.com/q/hp?s=LUCRF+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=LUCRF+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=LUCRF+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=LUCRF+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=LUCRF+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=LUCRF+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=LUCRF
Balance Sheet: http://finance.yahoo.com/q/bs?s=LUCRF
Cash Flow: http://finance.yahoo.com/q/cf?s=LUCRF+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/LUCRF
Bloomberg: http://www.bloomberg.com/quote/LUCRF:US
Morningstar: http://quotes.morningstar.com/stock/s?t=LUCRF
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=LUCRF
Barchart: http://www.barchart.com/quotes/stocks/LUCRF
OTC Short Report: http://otcshortreport.com/index.php?index=LUCRF
Investopedia: http://www.investopedia.com/markets/stocks/LUCRF/?wa=0
http://www.pennystocktweets.com/stocks/profile/LUCRF
##### last known share structure ~ source: otcmarkets.com
Market Value: $972,716,630 a/o Jul 03, 2014
Shares Outstanding: 376,292,700 a/o Dec 31, 2012
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
##### business description ~ source: otcmarkets.com
Lucara Diamond Corp. is a new diamond producer. It's two key assets are the Karowe mine in Botswana and the Mothae project in Lesotho. The 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012 . At the 75% owned Mothae project the company has completed the trial mining stage and is working towards completing a Preliminary Economic Assessment (PEA). Both Mothae and Karowe are large scale assets with tonnage and throughput upside and production has consistently included large, Type IIA stones.Less >>
DD Notes ~ http://www.ddnotesmaker.com/LUCRF
fi2
b4atf
10 years ago
LUCARA’S THIRD EXCEPTIONAL DIAMOND SALE
BRINGS IN $22.9 MILLION AND ADDITIONAL LARGE STONES RECOVERED FROM KAROWE
November 25, 2013 (TSX-LUC; BOTSWANA-LUC; NASDAQ OMX First North-LUC...Lucara Diamond Corp. ("Lucara" or the "Company") is very pleased to announce excellent results from its third Exceptional Stone Tender. The special tender of Karowe diamonds was completed on November 25, 2013 and consisted of 14 single stone lots. All 14 stones, totaling 1,028 carats were sold for gross revenues of $22.9 million ($20,280 per carat). The highest value stones sold were a 256.6 carat and a 137.9 carat diamond which sold for $4.40 million and $4.28 million respectively. An additional 7 diamonds sold for more than $1.0 million each.
The Company will hold one more regular tender during the fourth quarter, bringing the total volume of diamonds sold in 2013 to over 420,000 carats as forecast.
The Company also announces the continued recovery of beautiful, exceptionally large stones from the Karowe Mine, including a 167 carat diamond and a 122 carat diamond. These rare stones will be sold on tender in 2014.
William Lamb, President and CEO, commented, "The Company has received tremendous demand for its beautiful Karowe diamonds. This success truly demonstrates how robust the market continues to be for large, high quality diamonds. Globally, diamonds above 100 carats are exceedingly rare, yet since March alone, Karowe has produced 16 diamonds greater than 100 carats each.“
b4atf
10 years ago
LUCARA DIAMOND CORP. THIRD QUARTER RESULTS
NOVEMBER 8, 2013 (LUC – TSX, LUC – BSE, LUC – NASDAQ OMX First North) … Lucara Diamond Corp. (“Lucara” or the “Company”) today reported quarterly proceeds of $50.9 million at an average sales price of $625 per carat and operating expenses of $110 per carat.
Lucara also announced today that its strong cash flow generation has resulted in the Company fully repaying its $50 million debenture during the fourth quarter.
THIRD QUARTER 2013 HIGHLIGHTS
Safety: There were no Lost Time Injury (“LTI’s”) and no reportable environmental incidents at Karowe during the quarter. Karowe’s year to date Lost Time Injuries Frequency Rate (“LTIFR”) is 0.25. LTIFR is defined as the total number of work hours lost per 200,000 work hours.
Cash flows and cash operating margins: The Company achieved proceeds of $50.9 million ($625 per carat) during the quarter, of which $10.9 million was received in October for its late September tender. At average operating expenses of $110 per carat, the cash operating margin achieved for the quarter was $515 per carat. Sales during the quarter included one tender of over 80,000 carats and the Company’s second exceptional stone tender during the quarter.
Full year to date sales of 328,000 carats have achieved proceeds of $132.7 million, or $404 per carat, which exceeds previous full year 2013 revenue guidance. The Company has achieved a year to date cash operating margin of $308 per carat based on operating expenses of $96 per carat.
Exceptional stone tenders: The Company continued to recover exceptional diamonds, resulting in a second large stone tender during the quarter achieving revenues of $24.7 million ($24,025 per carat). The Company’s two exceptional tenders have contributed $49.3 million ($26,745 per carat) of revenue. Based on the continued recovery of exceptional stones the Company is planning a third exceptional stone sale in late November. The sale is planned to include 14 stones with 4 stones in excess of 100 carats.
Net cash position: Third quarter cash flows have significantly strengthened the Company’s balance sheet with quarter end cash of $33.6 million and a net cash position (total cash and cash equivalents less short and long term debt) of $17.5m. In early October, this cash position was further strengthened following the receipt of $10.9 million of gross proceeds from its late September tender. The outstanding debenture balance at September 30 of $16.6 million was subsequently repaid after the quarter end, fully repaying the $50 million debenture.
Karowe operating performance: Karowe’s mined tonnes and tonnes milled were in line with budget during the quarter. The Company advanced access to deeper sections of the south lobe and currently has three months of exposed ore providing flexibility in terms of process plant feed.
William Lamb, President and Chief Executive Officer commented "Proceeds in excess of $132 million highlight an exceptional nine month performance for Lucara. We have sold over 328,000 carats at an average price exceeding $400 per carat compared to an average operating cost of $96 per carat. A differentiator for Lucara has been the occurrence of large and exceptional stones, with two sales this year generating proceeds of $49.3 million. We are pleased to announce the continuation of our exceptional diamond recoveries with a third sale of these stones expected to be held in the fourth quarter.”
Our significant revenues and strong cash operating margins have resulted in Lucara making a double payment on its debenture during the period and we have subsequently fully repaid the debenture by making the final two debenture payments during the fourth quarter.
The resource continues to outperform management expectations with the continued recovery of significant stones including 243 special stones (greater than 10.8 carats) during the reporting period. These stones include two diamonds larger than 200 carats and a further 3 diamonds larger than 100 carats. Based on information and recoveries to date, Lucara has commissioned an update to the Karowe resource. We expect to release a revised NI 43-101 Technical Report during the first quarter of 2014.
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