Lucara is almost below the TSX lows made in 2008. If you bought equity in the company anywhere in the last 10 years you are losing money. The company is in debt to finance the construction of new mining facilities and has been taking their sweet time.
However, the owners are Lundin and they know how to play the game with equity, marginal pricing, debt, balance sheet shenanigans, and leverage. I would not at all be surprised if the debt in the company's balance sheet is mostly owned by the family and they are just taking out their pay in the form of debt repayments instead of in the form of dividends.
Diamonds are famous for being used in drilling, I'm not sure if Lucara sells diamonds for drilling, but Trump's policy is drill baby drill. Even if Lucara does not sell diamonds for drilling they should benefit from the news cycle and public perception.
This is a very speculative play and it depends of a series of factors, but I reckon there is a good chance it goes to 0.88 USD/share, 1.10, even 1.45.
However, the owners are Lundin and they know how to play the game with equity, marginal pricing, debt, balance sheet shenanigans, and leverage. I would not at all be surprised if the debt in the company's balance sheet is mostly owned by the family and they are just taking out their pay in the form of debt repayments instead of in the form of dividends.
Diamonds are famous for being used in drilling, I'm not sure if Lucara sells diamonds for drilling, but Trump's policy is drill baby drill. Even if Lucara does not sell diamonds for drilling they should benefit from the news cycle and public perception.
This is a very speculative play and it depends of a series of factors, but I reckon there is a good chance it goes to 0.88 USD/share, 1.10, even 1.45.
trader itcha
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
trader itcha
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.