Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Fan Fairy tastic
And what is wrong with leprechaun’s ?I have always found them to be most informative.
A great time to buy extra insulation for your house.
Certainly not shares that have,will and continue to depreciate.
Don’t chase rainbows or listen to leprechauns
Nice one so you are saying now is a great time to buy thanks
Remember thinking these were cheap just a few years ago at 1.8p well 25-1 consolidated and back at 1.8p 99% loss since listed but the board keep getting paid their millions.
The History of Argyle Mine & What Makes Pink Diamond investments Unique
Previously the world’s largest mine, the Argyle Mine was first discovered in 1979 by a group of geologists exploring diamond deposit opportunities in the Kimberly region of Western Australia. For centuries, pink diamonds have been regarded as some of the world's most sought after gems due to their rarity and their command prices far exceeding those of white diamonds making them a great investment opportunity. In 2009, approximately 160 million carats of rough diamonds were produced worldwide and only 30,000 carats were rough pink diamonds giving them just 0.03% market share globally.
RIO SAT ON THIS FOR A WHILE HUSH HUSH
As usual, the company do not say what the follow up work will be? Who will do the work? Who will pay for the work? If this is a new diamond province, there is no way major diamond mining companies would not already be interested or lined up.
KDR got given £30m plus worth of confidential information from Rio Tinto under the now expired confidentiality agreement, all for free. Rio Tinto also paid for sampling of Riihivaara, again for free. The Lahtojoki Permit was probably expected to be approved around about the time the Rio Tinto confidentiality agreement expired. Had that been the case I would hazard a guess that a deal with KDR/Rio Tinto would have emerged at that time. Is the delay in the Lahtojoki permit causing a knock on delay in any deal with Rio Tinto. Im not saying that Rio are looking to do a deal on Lahtojoki, but its highly likely they are interested in Kuhmo, especially given their previous relationship with KDR. Is it hush hush until Rio are ready to announce themselves. There is no way Rio Tinto and DeBeers will not be all over diamonds in Finland. One way or another I suspect that the permit delay is having a knock on effect on KDR news flow. I bet the prof will not do an interview to talk about Kuhmo. Its too hush hush. Don't forget Salla and Liperi too!
Where have we heard Due Course before
A further announcement will be made in due course should any subsequent agreement be reached or
entered into between Karelian Diamonds and Rio Tinto.???
Follow-up work on the twenty three kimberlite targets identified will commence in the near future and
further updates will be issued by the Company in due course.
In an interview with CNBC-TV18, Chairman of Gem and Jewellery Export Promotion Council (GJEPC) Colin Shah said there may be a shortage of diamonds and job losses if the Russia-Ukraine war continues for a prolonged period.
Are these 23 anomalies in addition to the 20 other anomalies they previously mentioned. It does sound like they are on the money and they probably know it! Up-ice from the green diamond that was found in the soil. Anomaly 5 is the elephant and I think they have found it. High category rated kimberlite anomalies, wasn't that what Rio Tinto said about Riihivaara. The market will not see what is in the pipeline here (excuse the pun), not until it is spelled out to it. The professor did say inevitably there will be a rush. I suspect when the penny drops there will be.
COMIN LOOK ON KDR WEBSITE
BRANDON HILL SECTION
Exhibit 2: Location of KDR-R2 and KDR-R3 Reservations
ALL READY COVERED
LOL
2020The Kuhmo Area KDR-R2 and KDR-R3 Reservations
The Kuhmo KDR-R2 Reservation of 1,476.95km² and KDR-R3 Reservation of 1,453.24km² have been granted
Already covered
For goodness sake do some research Commin rather than just desperately trying to post every negative that comes into your head getting yourself Moderated in the process.
2020The Kuhmo Area KDR-R2 and KDR-R3 Reservations
The Kuhmo KDR-R2 Reservation of 1,476.95km² and KDR-R3 Reservation of 1,453.24km² have been granted
by TUKES for a period of two years, respectively.
These Reservations secure ground around a series of twenty regional kimberlite indicator anomalies that
have been identified by the Company.
The Board believe that the series of kimberlites in the Kuhmo area could be part of a new emerging
kimberlite province in this area. These include the Riihivaara kimberlite discovered by the Company and the
largest (6.9 Hectare) diamondiferous kimberlite in Finland, the Seitaperä kimberlite pipe held by the
Company, as well as a series of significant regional kimberlitic indicator mineral anomalies defined by the
Now today
Karelian Diamond Resources plc (AIM: KDR) is pleased to announce that the geophysical interpretation of
drone based aeromagnetic data has identified twenty three Kimberlite targets up-ice of the green diamond
Company NOW HAS 40 PLUS TARGETS ??
I can’t see that it states these umpteen anomalies are on existing licences. Worth asking KDR as If they are not will they now need to apply for more exploration licences that could take years.
Broker SP Angel reckons that that means De Beers sales at this point in the cycle are at their highest level since 2016.
And it’s not just the majors that will do well.
Smaller companies are set to benefit too, although this isn’t always showing up in their share prices.
Shares in Gem Diamonds, for example, have more than doubled since the worst of the Covid ravages, but in the intervening period between then and now have also traded much higher.
Operational issues have temporarily tempered investor enthusiasm for BlueRock Diamonds, although overall production from its South African mine is set to rise this year.
Meanwhile, ongoing exploration programmes from the likes of Karelian Diamonds and Botswana Diamonds are attracting some attention, but not really setting the market alight, even though Karelian’s recent identification of multiple Kimberlites in Finland could be a real game-changer.
And earlier in May Gem Diamonds and Botswana Diamond failed to complete a transaction on the Ghaghoo project in Botswana.
Even Lucara, the standard-bearer of the Canadian independents, remains subdued, in spite of a 28% boost to revenues in the first quarter of this year.
So, for now, it’s a mixed picture.
But if the buyers aren’t coming in for diamond companies right now, what that could mean is that there will be a stampede to catch up when the valuation mismatch between the current shortage of supply and diamond company share prices becomes more widely appreciated.
Is a re-rating on the cards?
We will see.
Stronger diamond market sets the scene for a potential re-rating of smaller miners like Karelian, BlueRock, Gem and Lucara
The diamond market had a tough time of it during covid, but might be about to bounce back in a big way
Diamond prices are rising
Two black swan events have combined to boost diamond prices significantly this year.
The first was the coronavirus crisis, which held demand back for two years, and which now that it’s abating has released a wave of new buyers into the market. What’s more, for the first part of the year these buyers were also flush with stimulus cash, and not yet concerned about inflation.
That may change as oil continues to trade at very high levels and economic activity slows across the board in reaction to higher prices everywhere.
But even if demand does fall away, diamond prices are still going to be high.
That’s because of the second black swan event that’s hit the market: the Russian invasion of Ukraine.
Around one-third of the world’s diamonds are produced by Russian mining behemoth Alrosa. In particular, Alrosa specialises in the small stones that go around a larger one in the centre of a ring.
The world’s foremost diamond producer, De Beers, doesn’t produce much in the way of these smaller stones, and according to data cited recently by Bloomberg, prices of these have gone up by around 20% this year.
In the old days, in times of market imbalance, De Beers would just have released more stones from its fabled stockpile and a correction would have occurred forthwith.
But after the collapse of the Soviet Union and in the face of Alrosa’s rise to prominence, De Beers recognised that it could no longer control the diamond market in the way it used to, and that tying up capital in a stockpile was no longer a good use of shareholders’ funds.
Or at least, that’s what they said at the time.
Now, though, even with De Beers mines producing at full tilt, there’s no chance that the company will be able to make up the shortfall caused by the ostracising of Alrosa from world markets.
Will Alrosa find a workaround?
It may do. Russian relations with India remain on a reasonably firm footing, and it may be that Alrosa can channel significant supply through Bombay.
But this is an industry that knows how to track its product. True, the tracking capabilities now in place were designed to mitigate against conflict diamonds produced in Africa. But those tools can still be brought to bear to keep Russian stones out of Western markets. Buyers are interested in provenance anyway. Now governments will be too.
So what does this mean for the miners?
Last month, unsurprisingly, De Beers reported continuing strong demand for rough diamonds. The fourth De Beers sales cycle of 2022 realised US$604mln, according to De Beers owner Anglo American Ltd.
That’s more than US$220mln ahead of the US$385mln reported for the equivalent fourth sales cycle in 2021 and bring sales so far in 2022 to ap