The first sale of diamonds from the Mothae mine in Lesotho in the New Year is a complete success for the Australian company Lucapa Diamond Company (WKN A0M6U8 / ASX LOM). Such a high average price per carat had never been achieved before.
Lucapa, along with its partner, the Kingdom of Lesotho, sold a package of rough diamonds with a total weight of 4,676 carats for $ 5.6 million or AUD 7.2 million. That equates to average sales of $ 1,198 (AUD 1,537) per carat, the highest average price (in USD) that Lucapa has ever achieved for diamonds from the Mothae mine.
The gemstones sold included a number of so-called specials (> 10.8 carats), including the 101-carat diamond that Lucapa discovered after production resumed on Mothae in the fourth quarter of 2020. This is the most valuable stone that has been found on Mothae so far.
A good start to the New Year, as Lucapa’s Managing Director Stephen Wetherall emphasized, who also pointed out that the increasing demand for diamonds has led to higher prices for the precious stones again. Lucapa expects Mothae to benefit from an agreement to process the rough diamonds in the future and the mine expansion will be completed this quarter.
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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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