London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I've been invested here since May 2014 - it's been a long time coming! Best of luck for the coming weeks / months all
Yogi1, great info , thank you .
From December 2013 to May 2014.......so 5 to 6 months KDR raised the following:
11 dec 2013.....£700,000
7 Jan 2014.......£750,000
14 Jan 2014.....£550,000
2 May 2014......£725,000 + 430,000 debt conversion
Thats £3.155m in space of 5 months . Bare in mind Rio Tinto paid £350,000 to analyse the samples in Melbourne for Riihivaara. Thats all more than the current market capital of the company. Current market capital really is bonkers!
That first tranche of data alone would cost many times the current KDR market capital
This was the start of it that data, 13 years ago
KARELIAN DIAMOND RESOURCES PLC
FIRST TRANCHE OF DATA RECEIVED FROM RIO TINTO MINING AND EXPLORATION LIMITED
Over 53,000 surface samples
122 diamonds present in the samples
Over 600 probe results (of kimberlite indicator minerals) from over 200 locations across Finland
Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDR.I), the diamond exploration company
focused on Finland, is pleased to announce that it has received its first tranche of confidential information from
Rio Tinto Mining and Exploration Limited (“Rio Tinto”) in accordance with its confidentiality agreement with
Rio Tinto, as announced on 22 July 2010, relating to samples taken across Finland.
The data comprises over 53,000 surface samples and over 600 analytical probe results and other kimberlitic
mineral data, kimberlitic indicator minerals reported from over 200 locations. 122 diamonds were recovered
from various locations in Finland.
Karelian will integrate Rio Tinto's data with that gathered from its own exploration programme to assist in
identifying potential targets in Finland.
Kuhmo will see a central processing plant (economies of scale) to serve a number of diamond mines. Finland will be the new Canada but without the costs. Fantastic existing infrastructure.
KDR has a market capital of 2m. May investors probably don't realise that Rio Tinto gave Karelian Diamonds £30m -£40m + of their private exploration data for Finland as part of there confidentiality agreement. As a result of combining these tranches of confidential information with KDR's already existing exploration data, KDR were able to gather up all the best ground. I think KDR spent years studying Rio Tinto's Data initially. You are kidding yourself if you think Rio Tinto are not still in the background.
9 assets below. This just highlights the bonkers current share price. Lahtojoki alone was previously conservatively valued at 35p. I suspect Anomaly 5 may be 20x to 30x that. This will rerate when investors do the maths.
Kuhmo - Anomaly 5 +
Riihivaara +
Seitapera
Lahtojoki
South Lahtojoki
Salla
Liperi
Jappila
Northern Ireland
Yogi1 , thanks for all your insightful posts through the years , much appreciated.
As Prof Conroy stated “ folk are starting to do the numbers , we certainly are.”
Bol all
Lahtojoki JV deal must be waiting to go once mining permit arrives.
One would expect this to be the catalyst and the button can then be pressed on the rest.
Thought i better top up £500 something a foot first action in here for a long time. gla
Let’s hope more news on all 3 fronts
Even a deal to come ?
Partner for Lahtojoki
Coiled spring , it’s all about how many you hold now , life changing .
New Diamond Province at this price , wow , won’t be at this price once news hits , let’s not forget Ireland .
Bol all
Agree allan30, I just wonder might the mining permit arrive next week. It was expected in December, so it must be coming. Perhaps some investors do not want to be out of KDR at the weekend, hence the share price heading north. We shall see. A new company is coming and not before time. When this kicks off, you will not be able to buy these. Exciting times I expect.
Could be Focus4, must be close to permit now , also ISA allowance finishing and restarting soon , folk will want these in their ISA when news comes , why wait for a scramble (100% will be )when you can by now @2.28, no brainer , is the sleeping giant about to wake up , it’s been a long time coming , Bol all
???
All this is required before the obvious questions around Riihivaara, Seitapera, Liperi and Salla.
Over 9 months on from this (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"
We have had initial results from Kuhmo, but what about the rest?
To say we're due a few updates is probably an understatement.
Kuhmo - The hunt for the green diamond, 6 weeks on.
Following the 19th December update and AGM feedback stating that we're within a couple of KMs from the source, what is next on the programme? The RNS states "Further results will be issued as the programme progresses" . That's great, but are they continuing to sample Kuhmo 1 or are they waiting for an exploration permit for Kuhmo 2 as they believe this contains the source? Have any drill targets been identified to date?
NI - Nearly 4 months on from the sampling update 12th October
"The Company is planning a follow up programme focused on the highly anomalous river catchment area, together with some additional microprobe analysis, with a view to identifying one or more drilling targets. Further results will be issued by the Company as the exploration programme proceeds."
Along with AGM feedback stating that the sampling results we off the scale, according to ODM. Where are we with the follow up work programme including further sampling and proposed drill target/s?
Lahtojoki 2 - Testing
Lahtojoki 1 - Legal force, following resolution to a boundary dispute. 1 year on...
What's the hold up? It would be great to know what we are waiting for, not just, we're expecting something any day now...
Probably better off going over there ourselves with a few Black and Decker drills we could complete more drilling in a day than CON roy has done in 20 years ! Truly unbelievable and pathetic.
The diamond industry hit bumps in the road with introduction of lab grown diamonds 23 global slow down,
Add Synthetic Diamonds (I might add!!)
The emerging new diamond market will be a clear paths as 24 continues imho??
In watch term’s comparison Rolex compared to Timex
Prof said few years ago we are in pole position
Well let’s hope Kevin’s got the funds to locate A5 pipe or pipes in our confined area of 2sq klm
We have already proven its there with stepping out sampling
Swampy needs drilling in winter months 2024
Now in other words 💎
Cook said the world economy is “cyclical,” and should improve this year. De Beers expects engagements to rise in both the United States and China, but believes lab-grown prices will continue to fall.
“They have fallen by more than 90% over the last two years,” Cook said. “And customers clearly see now that natural diamonds and lab-grown diamonds are two entirely different things.”
He also hailed his company’s recent deal in Angola. “There’s only really been one diamond discovery in the entire of the 21st century,” Cook said. “We are past peak supplies of natural diamonds, and we believe Angola is the best place in the world to go exploring for diamonds.”
As far as the G7’s plans regarding Russian diamonds, De Beers wants to make sure that any sanctions don’t have “unintended negative consequences for ethical African producers,” said Cook.
Now imagine Finland compared to Angola
Finland ✔️ the ethical box add fancy’s and hallmark?
All KDR need is Ore bodies of kuhmo add already proven Lahtojoki
💯 ours
In KDRs Statement Of Compliance With The QCA Corporate Governance Code, No. 2 says the company will : Seek to understand and meet shareholder needs and expectations.
The company would do well to read that again and remind themselves of it.
-The Company gives high priority to shareholders needs and expectations by means of a comprehensive investor relations programme........really?
-The Chairman and Managing Director are active in meeting with private investors from time to time; and engages in regular dialogue with the Company’s broker with view to gauging shareholder sentiment and how successful the Company has been in communicating with shareholders.......Really? How is that going?
-We seek at all times to provide open and realistic communications with shareholders ......Really?
This is not a private company. Its a public company and the shareholders are stakeholders in this public company.
I sincerely hope the running of two public companies at the same time (CGNR and KDR) is not proving too much or impacting on the amount of time being allocated to KDR, but i fear it must be, given the snail pace of progress.
Something needs to happen urgently for shareholders here and Karelian Diamonds need to up their game. To shareholders it appears as though directors are too comfortable with the current shareholder sentiment. Do they have blinkers on?
You can be sure they will read this. I just hope it registers with them.
Protect what shareholder value? My shares are 90% down on what I invested...
7 trades 1 off book a bit exaggeration