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@JamesKwantes $LUC CEO William Lamb in the pit. Very energetic fellow http://cdn.ceo.ca/1ceacoh-20170404_111959.jpg+
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@JamesKwantes No visits to the nearby exploration properties @ekim. But south lobe they're mining now is by far the largest and richest kimberlite. Early days at Karowe, especially if they go underground which seems quite likely $LUC
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@JamesKwantes Here's one for the geos and #diamonds nerds: classic kimberlite indicator minerals in a boulder at Karowe stockpile, including some large garnet action at lower left. No rock samples from this site visit, however #againsttherules $LUC http://cdn.ceo.ca/1ceadas-20170404_114349.jpg+
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@JamesKwantes Karowe from the air - pilot did a sweet bank to allow us to get the shots http://cdn.ceo.ca/1ceadin-20170404_084121.jpg+ $LUC
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SEDI_bot Lucara Diamond Corp. $LUC just filed 3 reports. View full report: SEDI:LUC
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@marketwired Lucara Annual General & Special Meeting to Be Held May 11, 2017 @marketwired/lucara-annual-general-special-meeting-to-be-held $LUC $LUC
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@LucTenHave Talking about symbols...I like $LUC the most
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@marketwired Lucara 2017 First Quarter Results to Be Released Tuesday, May 2, 2017 @marketwired/lucara-2017-first-quarter-results-to-be-released-tuesday $LUC $LUC #news/mining
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@nobshere VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 18, 2017) - Lucara Diamond Corp. ("Lucara" or the "Company") ( $LUC )(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) is pleased to announce that it will be publishing its 2017 First Quarter results on Tuesday, May 2, 2017, after the market close in North America.
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SEDI_bot Lucara Diamond Corp. $LUC just filed 2 reports. View full report: SEDI:LUC
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@JamesKwantes Speaking of #diamonds $LUC's Exceptional Stone Tender starts tomorrow in Gabarone. Their biggest yet, including a 374-carat beauty. The latter will go for a bigly price, I think https://www.lucaradiamond.com/assets/docs/2017-04-07-Catalogues.pdf
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@JamesKwantes Unique (rare) diamonds can also make a mine @RocketRed, so it's not just the "high price of white diamonds." Exhibit A is $LUC but there are other examples
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@RocketRed yes @JamesKwantes but in $luc's case the diamands are still white ! Promoters will Pump Colored rocks all nonsense the biggest dollars stil come from white diamonds not colored ones
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@RocketRed 2017-05-02 18:09 $LUC News Release Lucara Diamond loses $1.5-million (U.S.) in Q1
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@JamesKwantes Stockwatch's Lucara headline (loses US$1.5M in Q1) is virtually meaningless, as their results vary widely depending on timing of large stone tenders. The big $$ is in the large stones and $LUC sold just 2,379 carats of large stones in Q1 compared to 6,936 carats a year earlier. A more important # will be the sales proceeds of the Exceptional Stone Tender that starts tomorrow and ends May 11 https://www.lucaradiamond.com/investor-info/company/news-releases/2017/lucara-announces-first-quarter-results
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@nobshere $LUC Lucara Announces Declaration of Quarterly Dividend
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@Kingsix The $LUC team is smart. Every time they need to announce something less than stellar they also announce something to keep people in and get people in until the good news can come.
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@ekim Operating costs came in lower int the quarter and they didn't explain why. I believe they stockpiled a bunch of ore ahead of closing out the contract with the previous mine contractor and maybe had a bit more flexibility in not pushing ahead with planned waste stripping with the new contractor. Check that number out next quarter to maybe see if it normalizes.
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@ekim I wonder if William Lamb $LUC left the board of directors on $NAR so that they could make room for a board representative for either Ross Beaty or Electum. I think that makes sense...but sometimes you have to put the pieces together after the fact. It seemed strange that Lamb would leave the board of directors at the time. #diamonds
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@JamesKwantes Ekim you're right, they were mining stockpile with the transition to the new contractor
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@Allan Ekim, you can be sure he didn't leave the board because $LUC is contemplating a takeover of $NAR.
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@Allan Better chance of $LUC taking over your Peregrine or Stornoway. But I don't see that happening either. They have money making machines with big margins in Botswana, no sense banging their head against the wall in Canada.
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@JamesKwantes Added some $LUC today, the results of the Exceptional Stone Tender happening right now in Gaborone are going to turn some heads imo. It's the largest to date, at 1,765 carats. And those are some pretty stones, especially the 374-carat. Saw it in Gabs - a beaut! https://www.lucaradiamond.com/assets/docs/2017-04-07-Catalogues.pdf
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@DecNefTrades $RDI still has a future if you're looking for the next $LUC
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SEDI_bot Lucara Diamond Corp. $LUC just filed 3 reports. View full report: SEDI:LUC
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@tommy Reading @jameskwantes's $LUC site visit report.. takes you there http://resourceopportunities.com
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@JamesKwantes Attended the $LUC AGM with about 20 others earlier. Good presentation by CEO William Lamb. Meeting during market hours but he didn't tip his hat to Exceptional Stone Tender results, obv. - should land anytime. Seemed in good spirits. A partnership of some kind seems likely for the Lesedi La Rona. Would be surprised if the 1,109-carat stone doesn't sell this year. I'm long $LUC for capital gains + dividends (3% plus yield here)
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@marketwired Lucara Achieves US$54.8 Million from Its First Exceptional Stone Tender of 2017 @marketwired/lucara-achieves-us548-million-from-its-first-exceptional $LUC #news/mining 15 stones, average US$31,000/carat. US$17.54 million for the 374-carat stone #diamonds
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@Kingsix $LUC beauty
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@MiningBookGuy Sierra Leone rejects $7.8 million offer for world's largest diamond https://www.youtube.com/watch?v=6DiVo92zspo+ #SierraLeone #diamond #diamonds ~AUfrica #index That headline misleading ( this is 706 carats ... $LUC diamonds a lot bigger, right?)...in any case, sounds pretty disappointing, and the image not very flattering.
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@ekim @MiningBookGuy #Sierraleone diamond will be kept intact as a rough diamond specimen to show the world. The $LUC one is going to be sliced and diced into some very fine and large #diamonds. The path of these two diamonds will be quite different.
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@JamesKwantes Two largest $LUC diamonds 1109 and 813 carats @MiningBookGuy. Rejected offer price says it all, compared to US $63M for 813c Constellation
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@MiningBookGuy @JamesKwantes - thanks. i'll copy @Ekim post here, provided additional insight: [ #Sierraleone diamond will be kept intact as a rough diamond specimen to show the world. The $LUC one is going to be sliced and diced into some very fine and large #diamonds. The path of these two diamonds will be quite different.]
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@JamesKwantes Cheers @MiningBookGuy. Acc to $LUC CEO William Lamb at AGM yesterday (in answer to a query from jr diamond guy Paul Brockington), govt of Botswana was interested in retaining the Lesedi La Rona. But spending that kind of cash on a diamond a tough sell compared to what could be provided citizens with $$ (LUC paid US$100M plus in taxes to #Botswana last year) #diamonds
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@ekim I'm confused @jameskwantes The recent $LUC auction's best diamond was originally part of the very, very big stone. http://www.mining.com/lucara-gets-almost-18m-fragment-massive-ledesi-la-roma-diamond/ So, you have a 1109 carat stone still in the treasury, an 813 carat stone mid last year and now a 373.7 carat stone that sold for $15 million. My confusion is to when this 373.7 carat stone was actually recovered. Was it recovered when the other two big chunks were done...or was it milled and recovered over the last 3 to 4 months. I usually assume the special stone sale is from stones produced over the last 2 to 4 months.
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@JamesKwantes The 374-carat was recovered at about the same time as the 813- and 1,109-carat stones @ekim. Sold for US$17.54 million. Wonder what the odds are that the eventual Lesedi buyer visited Gaborone during the exceptional stone tender? $LUC yields 3.3% at these levels, pretty juicy for a miner esp. if you think the stock has upside
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@JamesKwantes Interesting. The buyer of Lucara's 374-carat diamond that sold for US$17.54 million in the latest Exceptional Stone Tender was diamond power player Laurence Graff https://www.forbes.com/sites/anthonydemarco/2017/05/16/graff-acquires-373-carat-rough-diamond-once-part-of-the-lesedi-la-rona/#6df523c647fa The diamond broke off from the 1,109-carat Lesedi La Rona, and Graff covets the Lesedi too. Maybe he'll purchase both pieces? A beautiful stone, one of my favourites from $LUC site visit http://cdn.ceo.ca/1chpa4g-20170403_152500.jpg+ #diamonds
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@JamesKwantes I gotta post this Matthew Hart piece on the failed Lesedi La Rona auction again. A, because it's a journalistic tour de force, and B, because Hart touches extensively on Laurence Graff, who hated the live auction but was the buyer of the 374-carat stone anyway. Graff is on the short list to purchase the 1,109-carat Lesedi, certainly http://www.vanityfair.com/news/2016/08/why-buyers-shunned-the-worlds-largest-diamond $LUC #diamonds
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@JamesKwantes Did an interview with Mr. Chris Parry on Equity.Guru TV earlier today. Chris and I worked together at the Vancouver Sun for several years. Topics we touched on included my recent $LUC site visit, #investing, speculating, jr mining, market psychology, we even touched on weed. I think it's available on the website (the interview, not the mary jane): https://www.twitch.tv/equitydotguru This month I'm also offering a $100 discount on both the 1-year ($299) and 2-year ($449) #ResourceOpportunities subscriptions -- so $199 for a year and $349 for 2 years. COUPON CODE: MAY Had $ERD at 0.375 and $SBB at 0.39 http://resourceopportunities.com/subscription-information/
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SEDI_bot Lucara Diamond Corp. $LUC just filed 5 reports. View full report: SEDI:LUC
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@racker Lucara site visit: My trip to see the world's largest diamond, by @jameskwantes http://resourceopportunities.com/lucara-site-visit-big-stones-and-a-gem-of-a-mine/ $LUC #diamonds A SPECIAL OFFER: Until the end of the month, use coupon code MAY to receive $100 off the regular subscription prices.
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@JamesKwantes Lucara site visit: Big diamonds, a gem of a mine. My feature on trip to Botswana to see the 1,109-carat Lesedi La Rona @jameskwantes/lucara-site-visit-worlds-largest-diamond-a-gem-of-a-mine $LUC #diamonds #Botswana #Lundin
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@MiningBookGuy @JamesKwantes - just finished my first pass on your epic $LUC article, well done! Just a few 'essential' questions for now: What was the candy that you had to remove from your mouth as you were transitioning in/out of the Lucara diamond showroom? Did you get to finish it off? Or did they confiscate it? @jameskwantes/lucara-site-visit-worlds-largest-diamond-a-gem-of-a-mine
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@JamesKwantes Thanks @MiningBookGuy! From eye candy to sweets -- as I recall it was a Werther's, took it from a jar in the lobby of the showroom area. :) On the security front, I think $LUC and probably all the other diamond companies in Botswana hire extensively from ex-military. One of my safari guides who lives in the area was a former soldier (anti-poaching); he applied at Karowe but was deployed at the time they tried to contact him for an interview. Good jobs @jameskwantes/lucara-site-visit-worlds-largest-diamond-a-gem-of-a-mine #Botswana
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@JamesKwantes As I was being searched @MiningBookGuy it did make me wonder about the high rollers who come through for the Exceptional Stone Tenders -- royal families etc -- and the level of searching they are subjected to. Bit of a fine line to walk there for $LUC #nobodycavitysearches
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@JamesKwantes While Eira isn't running anything at the moment @nobshere, she's very much in the mix at the two remaining diamond plays, $LUC as a director and $NAR as an "advisor." She's a powerful ally to have even if she's not fronting the operation, North Arrow's recent financing with Beaty/Electrum is probably an eg. Believe she's visiting South Crofty with her dad so could be a plus for $SBW there. Can't really speak to her other board involvements
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