Q: I still have my small position in Lucara Diamonds and it still a diaster. CEO was replaced a couple of months ago and the former CEO came back. Under the former CEO Lucara made an agreement with an Antwerp gem polisher (HB)where they would send there large special diamons, which the Karowe mine in Botswara often find, to HB for polsihing and cutting. Lucara would then get cash flow from the finished products, (potentially higher margin and more steady cash flow). Well the new CEO wants to end that agreement. The open pit mine is still profitable but the development of the under ground mine has hit snags (namely water filtration in the raised shafts) and the finish date has been pushed back another year. What 5i could help me with is a better understanding of the outlook for diamond prices. Every where I look for on outlook on diamond pricing requires a subscription and my position is simply too small to warrant paying a subscription. In the end, should I just dump this dud or hang on a while longer (It is in a TFSA so no tax benefit.)?

Q: The share price seems to have stabilized in the .70-.75 range for 2021. Do you see any long term growth prospect with Lucara? The last couple quarters have not been blow-outs, but have been positive overall. They have been investing in existing operations and increasing capacity, plus finding alternate ways to distribute carats. Are diamond sales expected to increase as the world returns to normal or are they projected to stay relatively flat? Would this be considered a buy/hold/sell at this point?

Q: Can you comment on LUC earnings miss. Still ok to hold for dividends?