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Good enough for me just topped up another grand this afternoon just waiting for the big news, time will tell
The court hearing scheduled for 21 May 2024 is to finalise the appeals by two of the landowners regarding the amount of compensation to be paid to them and also a change to the mine boundary.
It was mentioned at the AGM the compensation amendment was easy to agreed but land boundary amendment process meant it was back to square one ,hence the delay .
It appears to many folks here whom research LTH ,THIS PERMIT IS HOLDING EVERYTHING UP,
its coming ..................
โThe setting of an official date for the hearing of the appeal by the two landowners will bring finalisation to the establishment of a diamond mining concession at Lahtojoki and is to be welcomed
Seems confident and agreed already?๐ค
Have no doubt the diamonds are there . We are short of competence !
I also read in the press some years ago that Rio Tinto asked KDR to acquire the Lahtojoki Deposit. What are the odds it did the same with Salla, Liperi, and Jappila? Very high I would suggest.
I would challenge anyone here to find me another pending diamond mine for pink and blue diamonds anywhere in the world other than KDR. DeBeers said there were no diamonds in Canada and then opened a diamond mine and revealed a whole diamond province. Finland is next. ssh!
Now that I think of it, Argyle had blue diamonds also. Could Finlands new coming diamond province, of which KDR controls all , be the replacement for the now exhausted and closed Argyle mine. Remember Argyle discovery was hidden initially from the public. There are parallels with Finland. Rio Tinto are common to both too.
If i remember correctly, I think 60% of the Lahtojoki diamonds are "gem" quality diamonds.
The previous owners A & G were not really a mining company. More a jewellery company I think.
Coloured diamonds were not as valuable back then. Whilst this deposit may not be very large, it may be extremely valuable. If you have 3% - 6/7% coloured diamonds and we know 60% of them are gem quality. Then you don't need to have many pink or blue diamonds for revenue to be very high. Remember Argyle in Australia was the largest diamond mine in the world, but more than 50% of its revenue came from its 3%-5% pink diamonds. It's now closed and the world is minus 90% of its supply of pink diamonds. Plus russian diamonds are banned. It doesn't take a genius to see that Lahtojoki will be contributing to the shortfall. Permit can issue formally soon after the court date in May. Watch out for blue diamonds too. I remember reading about a blue diamond selling for nearly $50m. One or two coloured diamonds can pay for an entire mine. Remember payment by diamonds has been mentioned before by KDR.
Simples
The board awards themselves a 33% discount placing
Feathering a nest at Shareholders expense?????
Was 5 p then they sunk it ???to 2p
So why is the SP still 2p?
Green in Kuhmo
Looks like full house
The Lahtojoki diamond deposit, as well as containing high quality colourless gem diamonds, also contains pink diamonds and other coloured diamonds
Blue was mentioned at AGM
Even more valuable then pinks
Interesting stuff and times ahead ๐
The compensation is set by the government based on the area of land required, and the two landowners were paid what was owed last year. If there is a change to the mine boundary I'm assuming it affects the same two landowners, and any increase in landtake is to be compensated at the same rate. Just seems procedural to me. The more pertinent question is, why didn't we get the boundary right in the first place? Hard to say without being privy to the detail. Frustrating delay, but the ultimate outcome still results in a mining concession.
โThe setting of an official date for the hearing of the appeal by the two landowners will bring finalisation to the establishment of a diamond mining concession at Lahtojoki and is to be welcomed.โ
Itโs set by the government and courts nothing to do with KDR
How many times!!!!
Johnson tweet wait a while last week makes sense
๐ค
Itโs still coming !!
Repent the end is nigh !
This will continue to slide, the compensation will be a lot more than KDR will want to pay or the landowners will want a percentage of the find on top of the immediate compensation. This share is not for the faint hearted, respect to those who keep the faith :)
More delays as this management team cannot get on with the locals. Tight fisted, arrogant , short sighted etc etc . No wonder this has taken so long .
Useless !
Correction field not fields as my lad post
That doesnโt change my opinion!!๐
Yesterday retweetโs
I note emerging kimberlite fields were mentioned in the statement from half year
Imho fields are connected to an emerging diamond province!!
Am convinced we are sat on a multiple cluster kimberlite dyke swarm system in Kuhmo
As the Duke says itโs the real deal??!!!
Paul Johnson tweeted a picture of stones and in the middle was a diamond ??
Heโs a majority holder in Cgnr and past has mentioned KDR was he dropping hints of KDR ???
I agree the board tests the patience of saints
But protecting your assets at all costs is key
Maybe one evening we are no longer available pending a deal ?
It might happen ๐
Feels like management are just trolling us now on twitter. Moved on from the Copper tweets to continually rehashing parts of the half year accounts which told us nothing in the first place.
Please, either get a move on or put us out of our misery.
Can't argue with the last two posts from Hooops .After 19 years of absolute nothing in terms of delivering shareholder value Karelian Diamonds has FAILED and will continue to FAIL .IMO there won't be any mining permit at Lathojoki as its highly convenient for the company not to have one so it can continue with this charade of lifestyle company .If it got the permit it would have to pursue the project but hey what's the point if there ain't owt there of any material significance !
Biden communicates (confused .com but least he does ) our board say nothing and take any upward movement down
F A C T !!!!!
At least Hoops put his money where his mouth is !!!
We shall see ๐๐๐๐๐๐ซ๐ฎ
So we have Hoops at one end of the spectrum and VKitten at the other end.
Iโm in the middle thinking we may as well have sleepy Joe Biden in charge as he is good at doing nothing while things fall apart around him.
There is something else going on in the background.
We need patience made of steel.
Don't think in those 18 years sentiment has been as bad as it is right now .There was always the hope of jam tomorrow just maybe as the carrot was always left dangling .Now shareholders are starting to wake up and smell the coffee their failure at securing the permit and I stick to my opinion they will not get it means any hope of anything here in the next 10 years is all but lost and gone .