Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on LUCAPA DIAMOND CO LTD. We currently have 14 research reports from 3 professional analysts.
Frequency of research reports
Research reports on
LUCAPA DIAMOND CO LTD
LUCAPA DIAMOND CO LTD
SP Angel – Morning View
24 Mar 17
Acacia Mining (ACA LN) - Update on Tanzania’s concentrate export ban | Ariana Resources (AAU LN) – First gold-pour at Kiziltepe | China Africa Resources) (CAF LN) – name change to Pembridge Resources delayed due to technical legal issues | Golden Star Resources (GSC CN) – Stepping up the 2017 exploration programme | Lucapa Diamonds (LOM AU) –Mothae resource estimate | Medusa Mining (MML AU) – Fatality at Co-O gold mine
The Momentum Continues - 2017 to be a Good Year
16 Mar 17
Welcome to IIR’s second “Blue Book” for Junior Resource Companies. This publication covers over 60 resource companies that were present at the 121 Group’s 2017 Cape Town Conference, held at Welgemeende in the Gardens district on February 6-7, 2016. The summaries in the book have been prepared with the assistance of the 121 Group based in London/ Hong Kong and Gavin Wendt from Minelife in Sydney, with the introduction being prepared by Mark Gordon and Gavin Wendt. The company information is accurate as at the time of the conference – and further information on the companies can be provided upon request.
Panmure Morning Note 23-02-2017
23 Feb 17
Following on from the announcement on 13 February of a 227ct Type IIa DColour diamond being recovered from the new Mining Block 28, Lucapa and its partners have today announced that a second new mining area, Mining Block 25, located adjacent to the prolific Mining Block 8, has produced a 62ct premium-quality Type IIa diamond.
227ct Diamond recovered at Lulo
13 Feb 17
Lucapa has today announced the recovery of a 227ct Type IIa D-Colour diamond that we believe will serve as a reminder to investors of the potential that the Lulo concession holds, as a source of exceptional high quality gems. We reiterate our Buy recommendation and A$0.50 target price.
Panmure Morning Note 31-01-2017
31 Jan 17
Lucapa has announced it has been awarded the option to acquire the Mothae Kimberlite Project in Lesotho. Located just 5km from Gem Diamonds Letšeng operation, Mothae produced several large, high value diamonds from a bulk sample programme undertaken by former owners, Lucara Diamond Corp. Lucapa is proposing a staged rehabilitation and investment programme that could see an 18 month pay-back on Lucara’s initial investment, ahead of a potential long life phase II expansion programme.
The Quarterly Carat XII
17 Nov 16
Looking back at 2016, we have been impressed that despite the many welldocumented headwinds, the diamond industry has performed better than expected, considering how the year started. As the critical Q4 retail period gets underway, efforts made to improve consumer demand will be judged. 2017 will see the long awaited influx of new mine production adding around 5% to global inventories, potentially resulting in pricing pressures throughout the value chain. Conversely, one segment, we believe that could weather the storm is high value investment grade diamonds, as inflationary concerns drive asset diversification strategies.
Strong trading leads to upgrades
22 Mar 17
On the back of today’s positive trading update and slightly upgraded profit forecasts for FY2017, FY2018 and FY2019 we have reviewed our DCF analysis. This has led to an increased DCF valuation per share of 1500p (from 1200p) which we have made our new target price (from 1200p). Both TFP and JC Paper have contributed to the upgrades shown in the table below as have favourable currency movements. With the potential for further upgrades due to capitalising 3DP costs to come we maintain our Add recommendation.
Small Cap Breakfast
21 Mar 17
First Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march. Tufton Oceanic Assets- The Company intends to invest in a diversified portfolio of second hand commercial sea-going vessels where the Investment Manager believes that an attractive opportunity exists in shipping. $150m raise. Admission 3 April.
South Disouq spuds
20 Mar 17
SDX Energy announced this morning that it has spudded the South Disouq (SD-1X) well in Egypt, targeting gas and oil across a number of intervals. This is a high impact event for SDX Energy, as current company 2P reserves of 4.7mmboe (post acquisition) would be dwarfed by success at South Disouq (we model a 65mmboe field of which SDX holds 55% WI), which could be developed quickly due to existing pipeline infrastructure passing through the block. Our valuation for South Disouq is 6.8p/share, although on success we would expect notable de-risking. Our core NAV is 42p with a full NAV (including South Disouq) of 57p/share. The well is due to take 30-45 days, so we would expect a result in mid late April.