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1/6/19

Catching up with Lucara Diamond Corp (LUC.to)

The last time we noted the price moves in Lucara Diamond Corp (LUC.to), it was late November and the stock had just broken the $2.00 line to the downside. As the post pointed out, that was important because the defence of that line was all about avoiding wholesale liquidations. And sure enough...


...the stock pumped by that arch-scoundrel Marin Katusa all last year has dived down to $1.44 in the last eight weeks, all while most other mining stocks have been in (a long-overdue) recovery mode. For experts in the diamond sector it was clear from the start that Katusa didn't know what the hell he was talking about, either.

And let us not forget that the performance you see in the chart above won the LUC.to CEO, Eira Thomas, the Mines & Money 2018 "Outstanding Achievement for a Woman in Mining" award. Way to go Eira, if the stock only goes down by 20% this year you'll be a lock for the 2019 gong.