Paul Conibear - Lucara Diamond Independent Director

LUC Stock  CAD 0.36  0.01  2.70%   

Director

Mr. Paul K. Conibear serves as Independent Director of Lucara Diamond Corporationration Mr. Conibear has over 35 years of experience in the mining industry in Africa, North and South America and Europe. His background includes 21 years of project and construction management across a diverse range of minerals projects encompassing base and precious metal, coal, uranium and potash investments. For the last 19 years he has held public company executive management and director positions with the Lundin group of companies, including serving for several years as President CEO of Tenke Mining Corporationration where he was instrumental in progressing the world class Tenke Fungurume coppercobalt project towards its current position as a major mining operation in central Africa. Mr. Conibear served as President and CEO of Lundin Mining Corporationration from 2010 until his retirement in 2018. since 2011.
Age 62
Tenure 13 years
Address 1250 Homer Street, Vancouver, BC, Canada, V6B 2Y5
Phone604-674-0272
Webhttps://lucaradiamond.com
Conibear has over 28 years of experience in mining projects in several African countries, North America, and a number of South American countries. His background includes 19 years of project and construction management across a diverse range of minerals projects encompassing base and precious metal, coal, uranium and potash investments. For the last 12 years he has held public company executive management and director positions with the Lundin group of companies, most notably serving for several years as President & CEO of Tenke Mining Corporation where he was instrumental in progressing the world class Tenke Fungurume copper/cobalt project towards its current position as a major mining operation in central Africa.

Lucara Diamond Management Efficiency

The company has return on total asset (ROA) of 0.0421 % which means that it generated a profit of $0.0421 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0788) %, meaning that it generated substantial loss on money invested by shareholders. Lucara Diamond's management efficiency ratios could be used to measure how well Lucara Diamond manages its routine affairs as well as how well it operates its assets and liabilities. As of the 11th of May 2024, Return On Capital Employed is likely to grow to 0.14, though Return On Tangible Assets are likely to grow to (0.03). At this time, Lucara Diamond's Other Current Assets are very stable compared to the past year. As of the 11th of May 2024, Other Assets is likely to grow to about 53.4 M, while Total Assets are likely to drop about 316.1 M.
The company has accumulated 78.6 M in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Lucara Diamond Corp has a current ratio of 1.96, which is within standard range for the sector. Debt can assist Lucara Diamond until it has trouble settling it off, either with new capital or with free cash flow. So, Lucara Diamond's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lucara Diamond Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lucara to invest in growth at high rates of return. When we think about Lucara Diamond's use of debt, we should always consider it together with cash and equity.

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Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. Lucara Diamond Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada. LUCARA DIAMOND operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 324 people. Lucara Diamond Corp (LUC) is traded on Toronto Exchange in Canada and employs 24 people. Lucara Diamond is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Lucara Diamond Corp Leadership Team

Elected by the shareholders, the Lucara Diamond's board of directors comprises two types of representatives: Lucara Diamond inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lucara. The board's role is to monitor Lucara Diamond's management team and ensure that shareholders' interests are well served. Lucara Diamond's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lucara Diamond's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johane Mchive, General Manager - Karowe Mine
Catherine McLeodSeltzer, CoFounder Director
Marie Inkster, Independent Director
Steven Lincoln, Director Marketing
Sophia Shane, Executive Development
Jennifer Harmer, Director Finance
Eira Thomas, Chief Executive Officer, Co-Founder, Independent Director
Eira BSc, President, Founder
Naseem Lahri, Managing Director of Boteti Mining (Pty) Ltd
Paul Conibear, Independent Director
Brian Edgar, Independent Director
David Dicaire, Independent Director
Robert Eriksson, Investor Sweden
John Armstrong, Vice President - Mineral Resources
Ayesha Hira, Vice President of Corporate Development and Strategy
Richard Clark, Independent Director
William MBA, CEO President
Lukas Lundin, Chairman of the Board
Zara Boldt, Chief Financial Officer, Corporate Secretary
Peter OCallaghan, Director
FCCA BCom, CFO Secretary
Catherine Seltzer, Co-Founder, Director
Christopher Schauffele, Project Manager
BA CGA, CFO Sec

Lucara Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Lucara Diamond a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Lucara Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucara Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucara Diamond's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.