Richard Clark - Lucara Diamond Independent Director

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Stock . Lucara Diamond Corp . Stakeholders . Insider . Richard Clark
LUC Stock  CAD 0.47  0.04  9.30%   

  Director

Mr. Richard Peter Clark serves as Independent Director of Lucara Diamond Corporationration Mr. Clark is a lawyer with a geological background and has over 30 years of experience in the mineral exploration, development and mining business in the Americas and Africa. For the past 19 years Mr. Clark was a senior executive of the Lundin Group, serving in the role of President, CEO and Director of various companies including Red Back Mining Inc. Mr. Clark was appointed as the CEO of Orca Gold Inc. in August 2016, immediately prior to that appointment Mr. Clark was the Chairman of Orca Gold Inc. since 2010.
Age: 61
Tenure: 13 years
Address: 1250 Homer Street, Vancouver, BC, Canada, V6B 2Y5
Phone: 604 674 0272
Website: https://lucaradiamond.com
Clark is a lawyer, with a geological background, who practiced mining and securities law in British Columbia from 1987 to 1993. For the past 12 years Mr. Clark was a senior executive with the Lundin Group of Companies. He was the President & CEO of Red Back Mining Inc. from 2004 until the company’s takeover by Kinross Gold Corporationrationrationration in 2010.

Lucara Diamond Management Efficiency

The company has return on total asset (ROA) of 0.0521 % which means that it generated a profit of $0.0521 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0828 %, meaning that it generated $0.0828 on every $100 dollars invested by stockholders. 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 6th of June 2023, Return on Investment is likely to grow to 30.05, while Return on Average Assets are likely to drop 8.03. Lucara Diamond Revenue to Assets are very stable at the moment as compared to the past year. Lucara Diamond reported last year Revenue to Assets of 0.43. As of 6th of June 2023, Net Current Assets as percentage of Total Assets is likely to grow to 8.38, while Total Assets are likely to drop about 395.6 M.
The company has accumulated 64.46 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 26 people.

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.
William Lamb, CEO and President Director and Member of Safety, Health, Environment and Community Relations Committee
Catherine McLeodSeltzer, CoFounder Director
Marie Inkster, Independent Director
Paul Day, COO
Steven Lincoln, Director Marketing
Sophia Shane, IR Contact Officer
Eira BSc, President, Founder
Johannes Langenhoven, Acting Technical Director - Boteti
Naseem Lahri, Managing Director of Boteti Mining (Pty) Ltd
Paul Conibear, Independent Director
David Dicaire, Independent Director
Glenn Kondo, CFO
John Armstrong, Vice President - Mineral Resources
Richard Clark, Independent Director
Peter OCallaghan, Director
Catherine Seltzer, Co-Founder, Director
Johane Mchive, General Manager - Karowe Mine
Jennifer Lecour, Vice-President of Legal and Corporate Secretary
Eira Thomas, Chief Executive Officer, Co-Founder, Independent Director
Brian Edgar, Independent Director
Robert Eriksson, Investor Sweden
Ayesha Hira, Vice President of Corporate Development and Strategy
Lukas Lundin, Chairman of the Board
Zara Boldt, Chief Financial Officer, Corporate Secretary
FCCA BCom, MD Limited
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.
Return On Equity0.08 %
Return On Asset0.05 %
Profit Margin0.12 %
Operating Margin0.22 %
Current Valuation262.76 M
Shares Outstanding454.58 M
Shares Owned by Insiders27.04 %
Shares Owned by Institutions14.75 %
Number of Shares Shorted174.54 K
Price to Earning18.67 X

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