Lucara owned a 40% share of the AK6 kimberlite project (now the Karowe mine) in Botswana. In October 2010,
Lucara bought African Diamonds, giving it a 100% share in the mine. The mine has an estimated $US2.2 billion of diamonds. AK6 is in the Orapa/Letlhakane district.
Mothae diamond project in Lesotho: Kimberlite processing began in June 2010; a 53.5 carat...
It looks like following the earnings report the buying sentiment is still strong and looks like the SP could rebound and come back on trend.
This is not meant as investment advice and is for my own DD and to track my own predictions along the way to learn from.
Lucara Diamond Corp. engages in the production and exploration of diamond properties. Its project includes Karowe Mine and Exploration Work Orapa Kimberlite Field. The company was founded on July 31, 1981 and is headquartered in Vancouver, Canada.