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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 72-102-136 as the TSX Venture Exchange fell four points to 611. Adam Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) regained one cent to 40 cents on 13,000 shares. Lucara's long-term shareholders fondly recall the company's $4 stock, back in the glory days of 2016, when it appeared the company's Karowe mine in Botswana truly was a cash cow. Lucara recently dipped to a 38-cent low -- a level not seen since the dark days of the Great Recession and before its acquisition of Karowe.

The fall is the result of gloomy news about the underground expansion of Karowe into the "highest-value portion of the Karowe orebody," designed to extend the mine's life until at least 2040. Perhaps it will, but while the platitudes are as rosy as ever, the market senses a growing uncertainty. In Lucara's update, Ms. Thomas, president and chief executive officer, dropped two promotional grenades.

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