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Lucara can't dish out cash fast enough

Despite declaring a C$172 million (US$132 million) special dividend last month, Lucara’s latest quarterly result reveals the company will still have plenty in the bank thanks to its strong cash generative business.

Lucara can't dish out cash fast enough Lucara can't dish out cash fast enough Lucara can't dish out cash fast enough Lucara can't dish out cash fast enough Lucara can't dish out cash fast enough

Cash machine ... Karowe's operating margin was 89% in the first half of 2016

With US$210 million in cash by the end of June and the world’s second largest rough diamond sitting in its inventory (think circa US$70 million), the company is distributing less than half of its cash

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