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other way round ?
So buy Rio Tinto?
Is Finland Rio Tinto secret??
Look a the 4 directors of Rio Tinto Exploration Finland Oy. I would suggest that it is very obvious that they are in Finland for
Diamonds and Copper/Gold. Take a closer look at Karelian Diamonds and Conroy Golds Finnish interests. Both companies are run by same people. KDR had 10yr agreement to receive all Rio Tinto's confidential Finland exploration information. Agreement expired mid 2020. Not renewed, which makes no sense on Rio's part, unless they have other plans for KDR of course. Remember all the confidential information shared with KDR by Rio was for all minerals in Finland, not just diamonds. Given the commonality between KDR and CGNR, whatever KDR has seen CGNR has seen too! I would suggest CGNR know exactly what they have in Finland. The smart thing would be for CGNR to sit on Copper/ Gold discovery for 10 yrs whilst KDR prepare Finland for Rio's arrival after the closure of Argyle mine in Australia. The world is minus 90% of its pink diamond s now. I would suggest that its odds on now that KDRs Finnish assets will be meeting the shortfall in pink fancies (and green and yellow fancies) in the not so distant future.
Note the Broker change for KDR and CGNR last week to a single broker - First Equity Ltd
This could put Finland big time on the map as the centre of European mining. Looks like GTK Finland are gearing up for something very big also, if you look at Mintec etc. Big money being invested in making Finland a world leader.
More on Ken Tainton
Ken is the Rio Tinto Exploration Director responsible for multi-commodity exploration in Africa and Eurasia, based in London.
Ken graduated with a degree in Geology from the University of Natal in South Africa in 1987 and a PhD from the University of Cambridge in 1992. He then joined De Beers/Anglo American as a geochemical researcher, developing analytical and interpretive techniques to support diamond exploration, and supporting their application in active projects through consulting and training. Ken coordinated a review of De Beers’ exploration targeting in 1999 that substantially changed their exploration portfolio. From 2001 to 2003, he was seconded to Brazil as technical advisor to the regional exploration programme, before returning to South Africa as Technical Services Manager for De Beers Exploration.
Ken joined Rio Tinto as Global Laboratory Manager in 2007, with responsibility for aligning operating practice across Rio Tinto Exploration laboratories and optimising service delivery to exploration and operations. In April 2009 he transferred to the Project Generation Group as Principal Advisor – Diamonds and Laboratories. Whilst continuing to hold this role, he held the role of Exploration Executive in the London office between January 2010 and September 2011. Ken assumed the role of Exploration Director for the Eurasia Region, encompassing Russia, Kazakhstan, Uzbekistan and Mongolia, in October 2011. In July 2014, this geographic remit was expanded to include Africa and Europe.
He was author of -GEOLOGY AND EXPLORATION OF THE BRAÚNA DIAMONDIFEROUS KIMBERLITES, SERRINHA BLOCK, BAHIA, BRAZIL, December 2001
He was author of -GEOLOGY AND EXPLORATION OF THE BRAÚNA DIAMONDIFEROUS KIMBERLITES, SERRINHA BLOCK, BAHIA, BRAZIL, December 2001
TheKuhmo1
Posts: 23
Price: 5.75
No Opinion
RE: Rio Tinto Exploration Finland Oy14 Apr 2021 22:30
Is Finland Rio Tinto's best kept secret?
TheKuhmo1
Posts: 23
Price: 5.75
No Opinion
Rio Tinto Exploration Finland Oy14 Apr 2021 22:28
New company used for Finland created last May I believe.
Company has 4 Directors, with a number of the directors there for their Diamond experience and expertise apparently.
Very few have noticed the names on the board.
Arnaud Jean-Francois Christophe Brion, (5/2020)..........diamonds
Franciscus Theodorus Schauwaert, (5/2020)............diamonds
Jonathan Guy Beswick, (5/2020).............diamonds, copper/gold
Kenneth Melbourne Tainton, (5/2020)
Take the first two names - Arnaud Jean-Francois Christophe Brion, (5/2020) and Franciscus Theodorus Schauwaert, (5/2020)
-Announcements about Rio Tinto Diamonds Netherlands BV 2014:
? 2014-07-04: Change: Director Arnaud Jean-François Christophe Brion took office on 26-6-2014.
? 2014-07-04: Change: As of 26-6-2014 the authorization of Director Franciscus Theodorus Schauwaert has changed. Rio Tinto Diamonds Netherlands BV established January 2011.
Arnaud Jean-Francois Christophe Brion - Rio Tinto - 15 yrs and 4 months-General Manager- Commercial -Nov 2008 - Present-12 years and 6 months-Rio Tinto Exploration-Project Generation Group covering Europe, Austalasia, Africa and the Americas
3rd name.......Jonathan Guy Beswick, Rio Tinto 14 yrs - General Manager Exploration, Generative - Africa and Eurasia - Sep 2016 - Present4 years 8 months - Leading a small team of experienced Geoscientists with responsibility for the creation of multi commodity new opportunities, business development and project support in Rio Tinto Exploration's Africa-Eurasia region.
2010 - Sep 2016 - 6 yrs - Manager, Exploration - Central Africa - Leading teams and managing/growing a multi commodity portfolio of early stage exploration projects in Central Africa.
2007 - 2010 -3 yrs - Manager Southern Africa -Managing a portfolio of projects in southern Africa
2005 - 2006 -1 yr - Manager - South Africa and Botswana - Leading teams and managing programmes for diamond exploration
Its gets better! The last of the 4 directors is Kenneth Melbourne Tainton, former Technical Services Manager of De Beers for 15 years - 1992 - 2007. Currently with Rio Tinto for last 13 years and Exploration Director for Rio Tinto since 2011.
Exploration Director – Africa-Eurasia. Growth & Innovation
Rio Tinto - Ken Tainton is the Exploration Director for Africa-Eurasia and is responsible for development and execution for early stage exploration programmes in Southern and Central Africa, Eastern Europe and Central Asia. Ken has been with Rio Tinto for 13 years and has worked for Rio Tinto Diamonds and RTX in Australia, Singapore and the UK. Prior to joi
AAZ were awarded 325,000 warrants at 16p. I assume they exercised those and are now sellers. There was a 150,000 sell (which shows as a buy on here) which could be AAZ dumping their holding and hence the drop.
Andrew Neal on twitter
@andrew_neal7
#CGNR picking up cheap shares even though I was buying in the 7s 12s 15s + placing stock at 25p & the recent 33p
Saw 48p on AAZ potential JV but was hijacked by $5b conglomerate on much better terms
My 2nd largest holding & market cap verses JORC/8.8Moz isn’t right - simple
Couple of sensible posts there from Cheapie and Positivevibes. The price has fallen 5% on a miserable 51,000 shares, just the impatient being impatient. Any negotiations involving the legal profession are always going to drawn out,how else will they justify their fees.
Oh course we do have Prof Conroy who seems a bit of a maverick and he could yet snatch defeat from the jaws of victory.
Given the share price hit 45p with just the possibility of a JV with AAZ i'd hope it would go considerably higher with an actual signed (arguably better) JV.
Market completely unaware of the potiencial here and what the JV means for the future of CGNR - it deriskes the 8.8+ mil Ozs/ 500k JORC resource with gold all around for 65kms potentially all the way to production
Both the JV conclusion and Finland drilling program could be announced at anytime - 33p placing price with warrants at 50 & 100p
Strange !!60 klm gold trend and sat on some the richest gold fields in Finland.
Recent placing.
Removed AAZ from Jv at Cgnr request.
Now in talks with letter of intent. Turkish.
Possible Big player could counter offer.
Yet a punt??
Hi Citygirl.
A difficult one to access but I'm hopeful of a lot more, maybe around the £1 mark. It will take the company from a technical bankruptcy to a viable profit making one. Remember however, that the first €3m is owed to the directors. Longer term I'm looking for £4.50 If there is no more dilution.
However, if the JV fails, watch out. A proper boom or bust punt.
What could we expect when the JV is announced? Back to the 40s?