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Just type Lahtojoki in google maps will take you to the abandoned site with the remaining bulk sampling material left from over a decade ago when a JV that had millions spent proved the site not viable and collapsed as couldn’t attract investment. You will also see just how small the pond is that is the new focus to attract shareholders. Any news you see with results from this site KDR have done little to no exploration they are old results they are selling you from past failed ventures. Company valued circa £4m with debt for an abandoned site they secured for an initial €50k with circa €500k cash burn per annum spending circa €10k on exploration. The mind boggles how they get away with it year after year taking millions in fees along the way
There’s no money for exploration they haven’t had any for years if there’s enough cash they pay wages if not they take shares or don’t take wages and add to the debt every year. Fancy RNS but in reality next to nothing ever spent moving from one licence to another as the focus.
All the news and work is over at CGNR this is just being neglected and abandoned left to gather dust and ravaged by savage sellers .
Ffs, Vamp you are the worst shorter.
Like Bonnie ha ha
Sounds like it's all over bar the shouting at Profs last interview he said they were very comfortable with the situation I take it that means him sat cosily in front of a roaring warm fire drinking expensive Cognac and not the shareholders who have lost all their money funding these comforts !Absolute Disaster
Talking out your arse now
Funny but sad
I have no shares in Blue Rock not sure what you mean. Back to KDR!! Now I think this looks technically insolvent. It can’t raise enough money for exploration on its current licences so what’s the point in the company taking new licences and looking at streams in Ireland.
I forgot R
Blue rock was your other company ;-)
CGNR WOULD NEVER JV MANY SAID
WELL THEY DID
WE ARE NEXT ? I THINK SO.
BUILD!!
So you have KDR at £4m no income or diamonds
You have BlueRock with a working diamond mine regular 20 carat diamonds found and valued at £5m
Busted flush 0.4P Ouch !!
I can’t see how the company is valued at £2 million when it has 1.6m debt!!! and Paid just €50k for Lahtojoki asset!! Also loan notes at 5 x share price owed this year. Every fundraise just about covers fees of circa €500k which massively dilutes shareholders. So this company’s currently worth nearly £4mil with all debt considered for a lit they paid €50k for that has past failed JV and uneconomic results. The company have done no drilling in nearly 10 years but publish results from past companies work as if it’s new!!! This is fast heading back to pre consolidation price just a few fundraisers away.
Doesn't really matter what matters is the current sp is in tatters everyone fleeced and absolutely no hope whatsoever of the 4P warrants being in play at 8P so that means another fund raise in the next 6 months and with the shares at 2.5P with no hope of anything other than the usual continued sp decline we really are looking at sub 1P again .
All KDR posts
Either a disgruntled holder or Ex Major Holder who sold out.
Your no trader ,
You keep saying shares are in sticky hands. Well you’ve gone from 20 million to 70 million shares in 3 years with the mass dilution so there’s going to plenty of shares coming and your Prof who you hold in such high regards won’t worry about a 25% reduction to get the cash to pay the fees and more than likely take a chunk of shares from the £1.6 million it owes directors. Steve it’s a fact it’s as clear as day most of the money raised isn’t used for exploration it’s used to pay fees. In my book that’s a lifestyle company
No you didn't TURN UP ?LOL
I’ve not been to an EGM the shares I have are 80% down with dilution. Alarm bells rang doing research and seeing money wasn’t been raised in some fundraisers as Prof was taking shares out of wages owed to keep control. The more you dig here the more you realise that this share has to raise £500k per year to cover fees. How can you pay a so called geologist hundreds of thousands in wages and do just a few thousand pounds worth of exploration.
If you're that upset.
Leave!!, it's not difficult.
Switch this off and get your lifestyle back.
Beating yourself up is so damaging.
Commin was also at First Egm ?
Might live to regret selling off so much ?
Exactly. The joke about Conroy going round the back of the shed with his bucket and spade once a year then putting out anRNS mentioning a different colour of garnet isn’t too far from the truth as far as I can see
In 2020 KDR raised £420,000 before expenses via a share placing to provide funds to explore the acreage surrounding its Lahtojoki diamond deposit.
At a discount of 23.8%
Looking at Finals circa €450k in fees
And just £10k spent on exploration
Most of the funds raised go in fees and not much seems to be left for exploration surely £10k spent is never going to get you anything done fast. Looks like there was no cash left at end of year bar £60k and the recent fundraiser again just enough to cover annual fees. The dilution you big shareholders keep getting every year to pay the board and have little or no news on the ground as no money left for real exploration. Fair play in keeping the faith you certainly deserve some luck but with all fundraisers diluting you further and no serious exploration been done what chance do you have?
Seems a strange title for a thread when its 3.85% up.
robemy there is always a Doubting Thomas on every thread !
No point trying to deramp an illiquid AIM share that has very few trades every day its just a waste of time .The shares are news driven spike on good news with momentum behind them then fall back on profit taking .
Deramp at the the top of a spike will get you in cheaper but I doubt at 2.5P there's anyone left to scare out of their shares .To continue week in week out posting the same old stuff I can only assume they are trying to get the sp down to 2P at which he sold out at to buy back in.
He calls them facts but every one of them has a question mark after them
To be totally fair here points 1 to 15 posted by commin although correct apply to the majority of companies on AIM in different sectors .