The Lulo alluvial diamond mine in Angola is a very special asset that the operator Lucapa Diamond (WKN A0M6U8 / ASX LOM) has been delivering very large, high-quality diamonds with beautiful regularity for years – so again now!
How Lucapa and its partner Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas announced that a 127-carat white diamond in gem quality was discovered on Lulo – the third stone with more than 100 carats this year alone and the 16th such diamond from the mine in total!
It is exciting that the 127-carat from the Leziria floodplain in mining block 24 was obtained as part of the planned work in the dry season. Because this is the first diamond of this size to be discovered there, while mining continues in these Leziria areas.
Lucapa’s Managing Director Stephen Wetherall also stated that the discovery of this diamond once again demonstrated the exceptional quality of the Lulo alluvial deposit – as well as the potential of the mining campaign planned for the previously pristine and extensive areas along the Cacuilo River.
If you look at the news flow of the last few weeks and days, Lucapa Diamond is making a strong year-end spurt! First the strong sales figures, then the news about a pink, 15.2-carat, heart-cut diamond and now today’s find. If this series of good news can be expanded, we see good potential for the company to again receive significantly more attention and recognition on the stock exchange.
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In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that partners, authors and / or employees of GOLDINVEST Consulting GmbH can hold shares in Lucapa Diamond Company and thus a conflict of interest could exist. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values we have discussed during the same period. Therefore, symmetrical information and opinion generation can occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and a third party in the issuer’s warehouse (Lucapa Diamond Company), which creates a conflict of interests, especially since this third party grants GOLDINVEST Consulting GmbH for a fee for reporting Lucapa Diamond Company rewarded. This third party may also hold, sell or buy shares in the issuer and would benefit from an increase in the price of Lucapa Diamond Company shares. This is another conflict of interest.
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