Lucara Diamond: LONGSeems like an excellent setup. Had a big retrace, has base formation, trading above daily MA's, and if succesful going above 0.72 we can see a strong 30%+ charge towards 1.0 (maybe not hitting it). That would be our Target 1
0.72 is resitence on many levels so keep an eye on that.
Daily RSI is quit high so we might retrace a little more down. But risk-reward analyses favors the longer term buy.
LUC trade ideas
Lucara Diamond Corp I love diamonds investing in diamonds especially canadian diamonds or america company owned diamond companyes- my names is lucas and lucara rings a bell so I will invest and wait for lucara to find lots of diamonds and this stock goes to 1.00 it was at 77 cents when i bought shares on wealthsimple two years ago---but I havent seen a new all time high since then or even 80 cents a share.
400% oversupply the renewal of Mine - Diamonds 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 diamond has already been discovered.
Kavango project in Namibia
Planned mines, and applications for mining licenses, in Zimbabwe, Cameroon, and Botswana.
Lucara Diamond Corp and Lucara Botswana (Proprietary) Limited (both "Lucara" respectively) are pleased to announce that the application for the renewal of Mining Licence No 2008/6L in respect of its AK06 (Karowe) Mine has been approved by Botswana's Minister of Mineral Resources, Green Technology and Energy Security. The renewal is effective January 4, 2021 for a period of 25 years, securing Lucara's mining rights to 2046 and marks a critical step in the formal sanction of the Karowe underground expansion project
lucaradiamond.com
$LUC Lucara Turns to profit again and have a positive FW outlookwww.avanza.se
Revenue of $53.1 million or $579 per carat sold in Q1 2021, 56% higher than Q1 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp (“HB”) under the supply agreement announced in July 2020.
Q1 2021 total operating cash costs of $29.24 per tonne processed(1), 7% lower than Q1 2020.
Adjusted EBITDA(1) in Q1 2021 of $22.2 million, marking a return to higher levels of operating margin.
Market Cap is $274M
PT8 SEK
Lucara Following Earnings Report Looking Good, Maybe Time?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 (LUC) to continue fall along 2016 trend lineThe price of Lucara Diamond Crop (LUC) has been falling since 2016 along the trend line included in the chart. Recently, the stock price retracted upward towards the trend line which provides a good opportunity to enter a short position. The first good target price would be the 78 percent fibonacci retracement (from the june low to june high) at 3.385 (SEK). Should the price fall further, the second good target price would be the recent support areas around 3 SEK. The stop loss is set just above the trend line at 4.905 since the price as the trend has never been broken.
A key date for this trade is the earnings report in 30 july which you should look out for.
Lucara Diamond Corp can be traded at multiple exchanges in case the Swedish exchange is not accessible to you.
Lucara DiamondNeutral until it breaks downward trend could go lower
Possible double bottom in?
6.5% dividend
Future demand from millennials is minimal as they are attracted by the prospect of cheaper stones generated in a lab that are guaranteed to be conflict-free.
store of value in trouble times. no! precious metals are probably a better investment as diamonds are subjective to the people who bought them.