The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Terhi Tulenheimo Exploration Geologist - Finland
This lady appears on our webpage with no announcement of joining us???????????
Also
from CGNR
Andrew Murrells Senior Geologist
AGAIN NOTHING Hmmmmmmmmmm
Something happening alright
Burgundy seem to have enough white and yellow diamonds to keep them busy for years, but as the only vertically integrated Diamond company in the world, may be they're looking for pinks (and blues?) to supplement their downstream cutting/polishing business in Perth now Argyle has ended? Would Burgundy now be classed as Tier 1 following the Ekati purchase? Either way, I'm looking forward to an update at Lahtojoki as I think there is a massive upside there.
"So, do you have a long-term plan for Burgundy to own more assets or do you think that Ekati will be enough given the amount of pipes that are there?"
"No, as I mentioned earlier on, I think we’ll look at other opportunities, they’re few and far between, but we’ll keep looking for the combination of the right timing and the right assets. As I said, Jurisdiction is important to us, so we need to make sure that if we do anything, it’s in the right jurisdiction."
Makes you wonder why we haven't heard anything to do with Lahtojoki in general, and specifically the items raised by KDR in their RNS dated 24th April 23.
"The exploration programme in Kuhmo will be carried out in tandem with initial work on the Company’s mining concession area at Lahtojoki, which will include environmental studies and an updated technical and financial assessment to be followed by further drilling and bulk sampling, particularly in relation to the percentage of pink diamonds present in the deposit"
I was expecting to hear about more than just exploration updates from this asset.
Another difficulty rests in regulating diamond mining so that it doesn’t put Brazil’s indigenous communities at risk. When diamonds are (comparatively) easy to find along the side of a river, it’s more difficult to regulate who’s taking them and how careful they’re being. It is one of the larger challenges Brazil faces and it’s a good reason why it’s best to buy diamonds from larger, vetted sources.
BRAZIL HAS PROBLEMS ??AS ABOVE
FINLAND IS SAFER BET ?
Prof said nota diamond major for Laghtojoki so Burgundy would fit ??
Kuhmo thus a entirely different derestriction if we confirm a diamond discovery of very serious sums of money
A5 CONFIRMED TO BE IN OUR BACK YARD ???2 KLMSQ AREA
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR) is pleased to announce that the
Company has received notification from the Finnish Safety and Chemicals Agency (Tukes) of the
granting of an extension for a further 3 years, the maximum period allowed per extension to the
Company’s exploration permits Riihivaara 26, Riihivaara 24, 24a and 24b in the Kuhmo region of
Eastern Finland.
The Riihivaara 26 exploration permit covers Karelian Diamond’s kimberlite (olivine lamproite)
discovery at Riihivaara. Exploration permits Riihivaara 24, 24a and 24b cover the adjacent areas.
The Riihivaara permits are in an emerging kimberlite field, in which the Company has to date
identified 20 regional anomalies.
COULD WELL BE !¬0
So, if you exclude Russia, for example, if you exclude Southern Africa, and I’m talking about places like Botswana, Angola, Namibia, South Africa, all of those countries. If you exclude all that, there’s pretty much nothing left. We were quite keen on acquiring an asset in a tier one jurisdiction which was pretty much Australia or Canada. So, it met the jurisdiction criteria.
Only Option after Oz and Canada add its 10 x cheaper to mine
So only Finland 🇫🇮 if you exclude the African countries
🌎
Artic Star
KDR
KDR are in pole position with the colours Burgundy lacks
Lahtojoki
Blue Pink yellows???
💎
Blood free Hall marked and environmental traceability
Perfect!!
I would advise KDR shareholders to listen to this interview. I would be surprised if Finland is not on the cards for Burgundy. They did say in a previous presentation that they were assessing opportunities in Finland and Brazil, however they removed the countries names on subsequent presentations so as to be less specific. Wonder why?
https://www.intelligentinvestor.com.au/investment-news/are-diamonds-an-investors-best-friend/152679#ekatidiamondmine
The company needs to update shareholders on the Mining Permit. Why have Land Survey not granted legal force yet to allow Tukes to issue the mining permit? Are Land Survey still waiting on the court ruling on the boundary appeal?
This delay to the formal registration of the mining permission is unbelievably long. I am not blaming KDR for the delay, but I am blaming KDR for not updating shareholders on the state of play, especially after apparently telling the AGM that they expected Permit by end of December 2023.
KDR said the boundary appeal would not affect the company's entitlement to land possession over the entire mining concession area, adding that it could proceed with initial work on the mining concession area.
What initial work has been done? If none, and its a waiting game, than thats ok. But just tell shareholders rather than have them getting annoyed with the company. PJ said it about KDR before......The company don't help themselves!
Video about mined diamonds
Lets hope its in our life time TICK TOCK ;-0
H,A,G,W, yourself
Another week ticks by.
This time with positive sentiment from valued long term holders and a welcome increase in volume.
Unfortunately no announcements from the company.
I assume nothing is forthcoming this afternoon so I wish you all a great weekend and here's hoping next week could be our time!
Someone building 🤔
https://www.google.co.uk/search?q=enjoy+the+silence&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
So good i printed it twice 😂😂
laughable some people said when we first looked for Ireland diamonds
Probably a master stroke !!
Lifestyle they cried out and p eee..take ??
Well glad I kept loading when they all fled
😂😂
The results of this programme, taken in conjunction with results from the previous programme, indicate a highly anomalous river catchment area. This area has yielded five samples each having over 1,000 indicator minerals. The indicator minerals are primarily Chromite and Forsterite with some Chalcopyrite and gold grains
Is Ireland news up before Permit 🤔
Half year report expected soon and upto 30 Nov 23???
The results of this programme, taken in conjunction with results from the previous programme, indicate a highly anomalous river catchment area. This area has yielded five samples each having over 1,000 indicator minerals. The indicator minerals are primarily Chromite and Forsterite with some Chalcopyrite and gold grains
Prof said end of year back in December ,WHAT YEAR LOL
HALF YEAR RESULTS due IN NEXT TWO WEEKS ?
Hopefully we will get the mining permit at some point this year this will then rerate to over 7P CGNR will then take up their option to increase holding and we then move on to the Finnish line sometime next year that's how I see it. No permit no news no nothing and the board might aswell not turn up to this year's AGM
Why did Rio disregarded Star Diamonds (Canada )and Blue Jay ( Finland copper) after pumping millions
in ??
Not big enough ore bodies ?or far too expensive to recover ,Diamond mining in Finland with power line and bus stops outside on main road network is 10 x cheaper and accessible 12 months a year ..Star not know for fancy ?
Prof said Lahtojoki too small for a major but add southern flank and that could change ,Agm work on going prof said ??
Southern flank??
We will never mine any diamonds or Copper for that fact me thinks ,.................
Our Job the most important is find economic ore bodies and proven source ,then sell them for the price they will command
Rio are still committed to diamond mining?? with the market they created for fancy gems ,if Kuhmo ??add Lahtojoki (Included the prospective southern flank ) would satisfy Rio thrust for fancy gems ,..........
Can you imagine walking away from Finland when Rio OY are filling their boots with licenses on Tukes ...
Add Northern Ireland Copper possible discovery and what's not to like
Fair points Tick-Tock. I don't think the current state of the world will have as much impact here. I suspect whatever major comes in will be implementing its long term plans to secure its future resources. After Canada, Finland looks like it will be the next location for a future diamond province. When you dip beneath the surface in Finland, things point to preparation and a leaning towards the green economy, which is the popular direction of travel. However, I believe there are also facility upgrades and too many coincidences pointing to future diamond mining, and an expectation that the first mine permit will be the start of the rush.
The Russian Ukraine conflict will end next year so will the middle east conflict when Donald Trump becomes president again it would never have started in the first place if Trump was in the White House .Trump is the messiah soaring stock markets America Great again and finally the Finnish Line here in 2025 .Going to have to sit it out for another 12-18 months but if Yogi and Stevehoops are right it's sure dam going to be worth it .
My opinion only tock Tock
Copper is extremely valuable going forward as a no brainier , Build they will come
Rio Argyle mine reserve store of Pinks has a limited capacity and stock needs to be replenished
IF there is such a thing?
IF there is it will attract big companies
Remember the issue for gaining a full mining license
Is timely and Lahtojoki could be a stop Gap
Imagine Rio could spend 300 mil on Kuhmo ( one of many)
Lahtojoki already proven Pinks Yellow and rumour of Blue diamonds
Love the energy here tonight Yogi and Hoops - nice work guys! Also great to see significantly increased volume after a quiet couple of months.
I guess my question would be...why would Rio, or anyone else, see now as the right time to pull the trigger on a JV or full takeover? With no end in sight with Russia-Ukraine, the escalating situation in the middle east, the uncertainty of a US election, current economic turmoil impacting inflation, debt markets and diamond prices...I want this deal to happen as much as the next person but nothing has happened in the last 10 years when the world was a more stable place, so why now?
Rio collaborated with KDR since 2006 could waltz in and take the entire company out
Imagine the cost for a major’s looking to satisfy locals in the monopoly of licensing for mining and Forestry Rd access?
10 /30 times what a minor can agree
Combined with all licenses of Cgnr and Rio Exploration OY
Could take large amounts of central and eastern Finland for a snip 😯???,
Was Rio agreements to sit on Kuhmo
See what else you can find waiting for the spoils of Argyle mine sold off
After all the saturated Market from 80% of supply from (Argyle is enough for any Market
Bring on 2024)
Since then A5 Green diamond spaghetti junction imho
Lahtojoki PDA ( south locked in)
Blue and Pinks for £150k 🤔💯Bargain
Interesting on that 2017 I visited the lake and nothing until this year ( waiting on something??)
Frustrating or that was the plan all along 🤔
As for waiting at a bus stop
We find Nickel Copper Platinum in Ireland
(And now revisiting Kuhmo for Copper 😂)
Only 750klm sq in Ni
🤔🤔😎😇💰💎🇫🇮🇮🇪