William Lamb - Lucara Diamond CEO

LUC Stock  SEK 2.65  0.02  0.75%   

CEO

Mr. William Lamb is a President Chief Executive Officer Director of Lucara Diamond Corporationration Mr. Lamb has over 23 year in mining and operations in Canada and several Southern African countries. His background includes operational and project management in the precious metals coal chrome and diamond sectors. Mr. Lamb spent 13 years with De Beers working across their operations in Southern Africa and Canada focusing on heavy mineral concentration project development and operational readiness. He joined Lucara Diamond Corporationration in 2008 and was instrumental in the acquisition of the AK6 asset now the Karowe Mine which was brought into production as one of the worlds most significant producers of large high quality diamonds. Mr. Lamb served as July 2009 to May 2011 President Chief Operating Officer of the Company. since 2010.
Age 44
Tenure 14 years
Phone604 674 0272
Webhttps://lucaradiamond.com
Lamb transferred to De Beers Canada Inc. in 2002 as their Project Metallurgical Superintendent, responsible for process design and certain project management aspects of the Canadian projects. In 2005 Mr. Lamb took up the role of Process Manager for the Victor mine in Northern Ontario. After completing an MBA through the Edinburgh Business School, Mr. Lamb joined the Lundin Group in May 2008 as the General Manager for Lucara.

Lucara Diamond Management Efficiency

The company has return on total asset (ROA) of 0.0885 % which means that it generated a profit of $0.0885 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1378 %, meaning that it generated $0.1378 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.
The company has accumulated 24.7 M in total debt with debt to equity ratio (D/E) of 4.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Lucara Diamond Corp has a current ratio of 3.08, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. 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 Industrial Metals Minerals classification in Sweden and is traded on Stockholm Stock Exchange. It employs 285 people. Lucara Diamond Corp (LUC) is traded on Stockholm Exchange in Sweden and employs 21 people.

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, Gen Mine
William Lamb, CEO and President Director and Member of Safety, Health, Environment and Community Relations Committee
Catherine McLeodSeltzer, CoFounder Director
Marie Inkster, Director
Paul Day, COO
Jennifer Lecour, Vice-President of Legal and Corporate Secretary
Steven Lincoln, Director Marketing
Sophia Shane, IR Contact Officer
Eira Thomas, Independent Director
Eira BSc, President, Founder
Johannes Langenhoven, Acting Technical Director - Boteti
Paul Conibear, Independent Director
Brian Edgar, Independent Director
Robert Eriksson, Investor Sweden
Glenn Kondo, CFO
John Armstrong, Vice President - Mineral Resources
Richard Clark, Independent Director
Lukas Lundin, Chairman of the Board
FCCA BCom, MD Limited
Catherine Seltzer, Co-Founder, Director
BA CGA, CFO Sec

Lucara Stock Performance Indicators

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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.