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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
🤔🤔😎😇💰💎🇫🇮🇮🇪
350k might be peanut some might add but the agreement didn’t end 2015 not the expiry date as set out in the second amendment of the agreement
Why didn’t they walk away in 2015 if deemed unworthy in commercial terms
Finnish law in mining concessions spells clearly out.
A company can only take over existing licenses vis an agreed JV or Take over .
If the company falls so does their license and it reverts back to beginning for all applications
( I think am correct in that ?)
Rio has opted not to renew HV with buy in right.
Only thing left is Taking it over???
Yogi
Hit the nail on the head, smoke and mirrors concerning the demise of agreement
Haha
Laughable!!
A Major spends excessive of 350 k has such a positive impact on Finland as diamond baring possible emerging province
Combined with the evidence of all other areas
G9 G10
When are they (Rio)🤞going to pull the trigger is the big question, my guess once permit lands this will be the game changer , roll on company changing news .
2017...contd...The Prof spoke re the keenness of RTZ to continue with the analysis of the Riihivaara project and samples taken.He spoke for once re figures needed to bring it into development, said it could be £200/£300 million, which shows the scale of the project involved.Obviously, that figure is way beyond KDR but not out of the reach of majors.Back to Lahtojaki, the cost for that to be brought into production is relatively cheap for many reasons explained clear and concisely by Kevin McNulty. They are very eager to get this under way now, so I'd imagine serious moves made after further investigation.Also mentioned were the boulders around K-K, current work is to establish which direction they originate from, once established that becomes pivotal for reasons mentioned by the team today.Those present today will verify the diamonds displayed,.......who knows re a RNS......they could have come from a subsidiary.....not bad for 4euros.Anyone doubting KDR now seriously want to give their head a wobble.
He then went on to say that de beers are no longer controlling the market like they did before. Alrosa are the largest and they have stated that they see there future in the Karelian craton. This info came out when Alrosa were doing a funding in London and had to disclose documentation which revealed this. The prof said that the Russians rarely give much away. He then referred to the original question re takeover, saying while we have great agreement with Rio, if we get a good offer we will take it. The more I think about it the more I am sure he was suggesting an Alrosa takeover bid. We do know Alrosa geologists visit Kdrs licencesRio have classified Riihivaara as a "high priority ore body". I am fairly sure that was the exact wording. Rio just spent 350,000 -400,000 of their own money to test KDR garnets. They said likely to be diamondiferous. If RTZ ( Rio Tinto) look to build a mine at Riihivaara for £ 200 or 300 million and KDR have 49%, then the uplift to KDR would be beyond belief. As for Pipe 7 (Lahtojoki) and adjacent land. The prof said that they are going to do a little more work on the land adjacent to Pipe 7 as they think it could be richer than previously believed. I think the belief is that there may be another source of diamonds right next to Pipe 7 and GTK are chasing this up for the company. Hence they will remodel the mine. When it comes to building a mine and the money needed to build it, I noted that they do not anticipate any problem in getting the money. Take from that what you like, but I think I have a fair idea why they were so happy at the AGM. I have never seen them so happy at an AGM.Bloomberg reported 7th December Rio Tinto to expand the miners diamond business, according to Bloomberg today. Rio said the only path to expansion is acquisitions. Jean Sebastian Jacques, the Rio Tinto Group CEO told Bloomberg. He told Bloomberg that acquiring more diamond assets is the "priority area"! They are going to continue to refocus their portfolio to ensure that 10 years down the road they will have only world class assets. As far as I am aware Rio have classified a KDR discovery as "High Priority", which was why they paid for previous analysis in Australian lab.This could be very good for KDR. I noticed another guy who was also at the AGM posted his summary so I will include his post as it's accurate- From memory, whilst I wait for my flight home.A very upbeat AGM today, well attended and well received.The Lahtojaki diamond mine will go in production sooner rather than later.Funding obviously needed but will not be a problem. Deadline of 2019 but The Prof told everyone today it will be much sooner than that.GTK are currently working on an additional area which is proving very interesting, once that work is finished, then the funding requirements will be known. That was confirmed by to us by the senior geologist as well.The Prof spoke re the keenness of RTZ to continue with the analysis of the Riihivaara project and ......
This was a report from the 2017 AGM. Then we had the green diamond discovery which was the big one. Attempted coups and covid followed and all these delays have led us to now 2024. As soon as the permit drops, i suspect KDR will pull the trigger. A reminder.....Notes from AGM for KDR...........When asked about a takeover......The prof said that during the year 355 garnet and sample analysis were carried out by Rio in their lab. This was at Rio's own cost of in excess of 350,000. They do not have to do that. It is clear from both Rio and Alrosa that they are keen on the Karelian Craton. Whilst the prof spoke openly about the deal with Rio and how it was great, he then immediately followed that up with talking about Alrosa, leading to him making the statement that whilst we have an agreement with Rio, "we are still looking at it on a commercial basis, and if someone makes us a very good offer we will say thank you very much and take it". If not we will go ahead ourselves.When asked about if there has been any takeover bids. The prof said that at this stage no. He then went on to say that we are at the moment in a very good situation in that we had acquired the LAHTOJOKI DIAMOND PROJECT and the mining permit. This continues until 2019 without KDR having to do any thing at all. KDR have to just show serious intent by 2019. However the prof went on to say that they would like to move a lot earlier than 2019. This was all under the old Finnish mining law. They have brought in a new law, however given that it would now take 5 yrs to re-apply for permission all over again the government are prepared to grant KDR further permissions under the old mining legislation, however the government told KDR that they hoped that KDR would reciprocate this by moving to a mine as quickly as possible (no legal obligation to do so). The Finnish government are very keen to get the mine up and running for three reasons:1. Revenue and financial aspects2. They want to have the first diamond mine in Europe outside the Russian mines.3. The government hope, as in Canada, that there is a specific mark on the diamonds and there would be a premium on the diamonds.The prof then went on to say that the AGM group were a jewellery group and they felt that they didn't have the mining expertise to take it on. So they were very happy to do the deal with KDR. The prof went onto say that AGM ( a and g mining) will do very well out of the deal when the mine is in place and is producing. KDR have no serious expenditure at this stage, just a nominal amount. Hence it's a very good arrangement for both parties. He then said that Rio could come in, however they are really interested in the huge scale mine if we make the discovery at Riihivaara, which may take 200-300million to develop and Rio would put up the entire capital costs under the terms of their agreement, which would see KDR retain 49%. He then went on to say that de beers are no longer controlling the market .........
..All the evidence shows Rio Tinto in the background. In 2015 KDR dropped their licenses in Kuusomo, and said they were concentrating on eastern finland. This was after opposition from Sami people i think. Letters had been sent to KDR and Rio Tinto. It appears Rio didn't want the attention in Finland and told KDR to pull the plug on that license.
"activists persistently continued to state their claims in letters they sent to KDR, Rio Tinto and the Finnish government. One of the participants in the movement took the letter addressed to KDR personally to the company's headquarters in Ireland, but he could not locate anyone from the company who would receive the letter.
A sudden turn in events took place in spring 2015, when a response finally came regarding the movement's actions. The Irish Independent was the first newspaper to report in an April news article (O'Donoghue, 2015) that KDR would quit the area it had reserved in Ohcejohka. Just a few days later, a man from the movement who had signed the letter the activists had sent to Rio Tinto received a response from them, a letter dated 10 April 2015. Even though the response from Rio Tinto to the movement was of a general nature and only briefly mentioned the Ohcejohka case, its main message was that Rio Tinto wants to respect indigenous rights in its operations (personal communication with a representative of the movement)."
On 1st July 2020, this was in the rns when the confidentiality agreement lapsed after 10 years.......
....A further announcement will be made in due course should any subsequent agreement be reached or
entered into between Karelian Diamonds and Rio Tinto.
Professor Richard Conroy, Chairman, commented:
“We have had a positive and constructive relationship with Rio Tinto for a number of years and the
confidential information made available to Karelian has assisted in the Company’s knowledge base and
progression of its mineral exploration programme. Whilst no agreement has been entered into at this stage
to extend the agreement with Rio Tinto I look forward to our maintaining a good relationship moving
forward.”
That’s them out of diamond 💎 mining
Unless another new province emerges 10 x cheap to mine
Full of fancy
Hallmarked
In Europe say ?
If only..!!!!
Whom could hold such Riches
Only Debeers has claimed in Angola the only diamond discovery in 21st century
Who else ?????
How little KDR Finland 🇫🇮 🤔
Https://www.jckonline.com/editorial-article/diavik-mines-life-extended-2026/
🤔
https://rapaport.com/news/rio-tinto-backs-out-of-canada-diamond-project/
Rio thought best pass on this mine 🤔
https://x.com/stardiamondcorp/status/1757781962469540254?s=48
Someone is collecting KDR Diamond.Copper tickets Hmmmmmmmmmmmmmm
Over 1.5 mil bought in recent days after months of tumbleweed
Also, whilst talk of triple figure re-rates seems a bit fanciful, a MC of only £10m 4 bags this. That is food for thought, esp when some of the cr*p that is on AIM have MCs what North of £10m
Is this lady re-awakening for good or another short lived pump and dump... lets see. Fingers crossed its the former.
Price on Major Diamond discovery Kuhmo possible emerging province (green diamond found)
Lahtojoki first diamond mine in Europe outside Russia pinks blue 7%
North Ireland 750 sq klm possible Nickel Copper discovery
am thinking we have all three ;-0
Put price on that ???
Even with share price at £1 a share equates to a lowly £106m market cap! I’m looking at multiples of £ a share at the end game.
Re-rate going to be in the triple figures.
Update expected on all three fronts
Permit Lahtojoki ( will acquire Partner)💎
Drilling Ireland ?Copper Nickel platinum
Further exploration kuhmo. A5 and Pipes 26/24 💎
Game changer coming!!?
Around 1.5 mil purchased in last two days no apparent reason
🤔
From months of dormant wilderness
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
New method could simplify detection of diamond deposits
Staff Writer | February 11, 2024 | 6:06 am News Top Companies Africa Australia Europe Latin America Russia and Central Asia Diamond Gold
A diamond sticking out of a piece of kimberlite rock
A diamond sticking out of a piece of kimberlite rock. (Image by ETH Zurich / Andrea Giuliani).
Geologists from ETH Zurich and the University of Melbourne have established a link between diamond occurrence and the mineral olivine.
In a paper published in the journal Nature Communications, the scientists explain that their method will simplify the detection of diamond deposits. The process relies on the chemical composition of kimberlites, which occur only on very old continental blocks that have remained geologically unchanged for billions of years, predominantly in Canada, South America, central and southern Africa, Australia and Siberia.