The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Maybe management should read this:
https://www.investopedia.com/investing/why-do-companies-care-about-their-stock-prices/
When the National Land Survey of Finland granted rights of way over the entire Naviskangas private forest road, together with a side road, giving KDR vehicular access to its Lahtojoki diamond deposit, the adjacent Lahtojoki South exploration permit area, and the surrounding reservation, the rights of way were valid to 2 January 2024. Does anyone know if the Land Survey have to grant that again or does it just get extended? Where is this mining permit? Beyond a joke now. Come on management give shareholders something other than this eternal 2p share price. Its unnecessary. Please also stop saying that its up to the market to decide, when it was up to management who took it from 4p down to 2.5 in 5 minutes via the last placing. Its not a private company, its a public company and it is the job of directors to increase the share price for shareholders. The current share price range will not be tolerated indefinitely.
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
The mine was the first successful commercial non alluvial diamond mine not located on a kimberlite pipe. The pipe is named "AK-1", although it is commonly simply called the "Argyle pipe". The volcanic pipe is a diatreme, composed of olivine lamproite, present as tuff and lava
What was in.KDR release yesterday olivine lamproite💎😳🇫🇮🔥
“Diamonds are still a niche pursuit for Rio: sales in the division hit £800 million last year, paling by comparison with its bulk commodities arm…. Rio’s only other diamond mine is Diavik in Canada, which produces white diamonds and a few rare yellow stones. It, too, is winding down and is slated to close in 2026.
Could we tiny KDR be a replacement 💎🤔
The Riihivaara kimberlite comes to surface and extends for at least 350 metres. It is a dyke which remains open in both directions along strike with widths of up to two metres intersected. Drilling has already successfully intersected kimberlite at a deeper level and has also shown that the dyke dips at circa 50° to the Northeast.
INTRESTING
comes to surface and extends for at least 350 metres.
Would be a open pit mine (TO START OFF? )add olivine lamproite) and this is rather exciting for another Arygle type mine full of Finnish Promise of Fancy gems and right up Rio street ???!!!
Cant disagree Bonnie lets hope we see a massive route to market this year and Finnish line we can only live in hope
Sure as egg is egg and this diamond comes in ,i fear for anyone trying to get in here .
My gut feeling is this will go over night and massive shock (we hope )
ONE THING FOR SURE WE ARE SAT ON A FORTUNE AS LONG AS THEY GET IT OVER THE FINNISH LINE !!!
olivine lamproite IS THE ARGYLE KEY HERE AND PERHAPS THE PROF WANTS HIS CROWN 2024 AND NOT FROM THE GOOD LORD ,LOL
This will still be around in 30 to 40 years to keep the good Sorca living a lavish life style many years after the Prof has passed. Nothing will happen year after year just fluffy rns releases now and again dangling the carrot oh and lots of stockbox interviews leading up to the next placing .Place the shares with the usual suspects who then load their stock onto the offer to keep the sp down in the safe of the titanic with no fear of it being bought by anyone as there's never any news and then when it's time for the next placing CON Roy appears by magic with the usual talk the sp up bs along come all the big sells by the Jockeys how many weeks did that go on Hooops ? Followed by the inevitable low ball placing rinse and repeat.
Financial Times
https://www.ft.com › content
US lab-grown diamond producer files for bankruptcy
12 Oct 2023 — WD Lab Grown Diamonds, the second-largest US producer of man-made diamonds, has filed for bankruptcy, becoming the sector's first big
Nope
Genuine Fancy diamonds are commanding big money
If we have.found the next Argyle mine
Add Lahtojoki
Northern Ireland
Our tiny company won’t be tiny for much longer
Hope we don't get anymore good news or share price will be 1p. Jeez
Unfortunately it's impossible to put a timescale on things here. We could be sold within 3 months if the BOD wanted to. On the other hand we could still be here in 10 years having just celebrated the Prof's 100th birthday...
What do you think the timeline will be now lads/ lassies . What's the next step? .When do we expect more news from Ireland?
Kev mentioned at AGM he wanted to revisit Seitapera
Far more exciting things there?
Seitapera - I think it may also be olivine Lamproite
Lamproites may contain large volumes of rounded olivine crystals (macrocrysts) that originated from the upper mantle underlying the Earth's crust. Rocks containing high volumes of these olivine crystals are often the most rich in diamonds. In the Kimberley region of Western Australia, only the lamproites containing high volumes of olivine crystals have proved to contain economic quantities of diamond.
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.
olivine lamproite ;-))
Forgot to say Argyle supplied 90% of the worlds pink diamonds and it’s finished now….. that some supply fall off. Wonder who might pick up the slack? Hallmarked fancy diamonds from Finland. It’s coming and I am seriously excited to be holding KDR shares right now. Tearing my hair out at the speed of management in pulling the trigger. But it must be soon.
Argyle Diamonds come by their name rightly: they’re from the specific Argyle mine in Western Australia. Though some of the diamonds from Argyle are pink, not all of them are—as pink diamonds are very rare. In a certain sense, the Argyle name is a brand name. They’ve even developed their own grading report for pink diamonds and a unique color chart for other Fancy diamonds.
The unique composition of Argyle diamonds is attributed to a volcanic pipe—commonly known as the Argyle pipe—made of olivine lamproite. Due to an eruption, minerals such as zeolite, micas, kaolinite and clays interacted with the diamonds during their formation. Most Argyle diamonds contain small amounts of nitrogen impurities, but the majority of their color is tied to structural defects of the crystal lattice.
olivine lamproite ;-))
Well spotted Yogi your the man;-]
Argyle in Australia was hidden when first discovered. In Canada Debeers denied there were any diamonds in Canada right up until the started mining them… it looks to be the way with Diamonds ….. say nothing until you have no choice.
Argyle, most unusually was hosted in Olivine Lamproite rather than Kimberlite. Take a look at today’s RNS from KDR. Notice that they have said that their Riihivaara discovery is in Olivine Lamproite (in brackets). No wonder Rio Tinto paid for all the KDR sample analysis of Riihivaara in Melbourne under the confidentiality agreement. Join the dots here. The market is oblivious to what is afoot. I hear Rio Tinto couldn’t believe the location that the A5 green diamond was found too. Yes the Rio Tinto agreement lapsed in 2020, but the relationship is still there. Whenever KDR eventually ( and I stress eventually) pull the trigger here, there will be a line of majors queuing up with cheque books.
Is the age profile becoming an issue.? That is a concern. The pace of progress is a worry. There is not much coming from the company to suggest otherwise.
Mini bulk samples all round ….. thats what they need…and a partner to pay and expedite all
You crack on vamp ,been there got the badge and the bill .
Never going to happen !!Only EGM will be a deal coming ...........
They won't tell the market though as that would increase the share price even the Lahtojoki permit would increase it but no news on that is that being deliberately held back ?
No news of any value and time to call an EGM.
They know there are diamonds there. So do Rio