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Zzzzzzzz
16.5 mil warrants @,8p
What price would your research suggest on new diamond province. ?Lahtojoki
? Multiple xx Millions .
10 billion spent World wide looking for the next one.
Hmmmm
I only see the same people ramping I just provide facts. Enlighten me to what I’ve provided that is deramping??
Answer 1. Are the company circa €1.5m in debt?
2. Does the company have zero income?
3. Are loan notes owed at 10p in 2022
4. Does the company cost circa €500k to run annually
5. Have the company done zero drilling at Lahtojoki?
6. Have past companies spent millions on drilling and not been able to attract investment on results?
7. Have past companies gone bump at Lahtojoki?
8. Are KDR rehashing past results as if they have done the work?
9. Do directors take shares as part wages owed at discounted prices in placings to keep their holdings at a level to keep them in control of the company?
10. Is the board made up of friends and family members?
11. Do the company spend just a few thousand a year out the €500k it costs to run the business on actual exploration?
12. Are original shareholders at inception sitting on a 99% loss?
13. Have any diamonds of jewellery quality over 1 carat been found at Lahtojoki
14. Did KDR pay just €50,000 for the rights of Lahtojoki with a further €100k plus royalties payable if KDR decide to open a mine?
15. Is KDR funds so low that a fund raise will be needed to cover the annual circa €500k running costs this year?
I can go on but the aboves enough for me to know that a major would in my opinion have little interest in KDR
This is excellent, all the derampers are out collectively spouting the same negative stuff. Past experience tells me something’s brewing ;-)
Nickle in Ni .
Lahtojoki i estimate to include south side could be 3x the original site size
you keep living in the past Jethro Tull
only a parcel of diamonds and all that melts away as a tiny amount.
Emerging Province ,Major N
ITS COMMIN !!!!!!!!!
If I’m reading below correctly over €1.5million in debt with zero income. Little to no money in the pot and costing around €500k a year to run. Loan notes due to be repaid at 10p this year with a share price of 2.7p
No new exploration via bulk sampling or drilling Lahtojoki
No Diamonds bar ones found from previous companies that spent millions on failed JV and these diamonds were micro/macro nothing over 1 carat
DYOR guys facts are out there on the financial state of the company.
Results for the year and state of affairs at 31 May 2021
The income statement for the financial year ended 31 May 2021 and the statement of financial position at that date are set out on pages 23 and 25 respectively. The loss for the financial year amounted to €422,192 (2020: a loss of €446,710) and net assets at 31 May 2021 were €9,495,866 (2020: €9,126,781). No interim or final dividends have been or are recommended by the Board of Directors.
The Company is not yet in a production stage and so has no income. Consequently, the Company is not expected to report profits until it disposes of or is able to profitably develop or otherwise turn to account its exploration projects. The Directors monitor the activities and performance of the Company on a regular basis and uses both financial and non-financial indicators to assess the Company’s performance.
On 10 December 2019, the Company entered into a convertible loan note agreement for a total amount of €145,829 (£120,000) with one of its shareholders. The convertible loan note is unsecured, has a term of three years and attracts interest at a rate of 5% per annum which is payable on the maturity or conversion of the convertible loan. The conversion price is 10 pence. The shareholder has the right to seek conversion of the principal amount outstanding on the convertible loan note and all interest accrued at any time during the term.
Current liabilities
Trade and other payables
Accrued Directors’ remuneration Fees and other emoluments Pension contributions
Other creditors and accruals
Amount due to related party €1,435,901
Prior to the various placings of shares, the immediate funding requirements of the Company had been financed by advances from Professor Richard Conroy (Director, executive chairman and major shareholder) and Maureen T.A. Jones (Director, Managing Director and shareholder). There is no interest payable in respect of these loans, no security has been attached to these loans and there is no repayment or maturity terms.
*On 27 May 2021, Professor Richard Conroy capitalised loans amounting to €85,979 (£74,000) into 1,850,000 new ordinary shares of nominal value €0.00025 each. On 27 May 2021, Maureen Jones capitalised loans amounting to €6,971 (£6,000) into 150,000 new ordinary shares of nominal value €0.00025 each.
**This amount relates to a loan provided by Maureen T.A. Jones to the Company.
no permit no diamonds and soon no money again a further placing will be required this year
All in hand Bonnie ,sold small loss lol
Glad I sold for a small loss this is hopeless no permit no diamonds and soon no money again a further placing will be required this year .But with an overhang as big as Mount Everest and sellers ravaging the stock like rabid dogs what price is that going to be.
. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses.
'How will KDR attract a new JV partner to spend millions for a share of the Lahtojoki pit (size of a paddling pool compared to many profitable mines) Lahtojoki has had past mining permits, Lahtojoki has had millions spent on more than 2 past failed ventures/joint ventures over the last 30 years . KDR have not done any further new bulk sampling and KDR payed just €50,000 initially for the rights. What on earth makes this an attractive joint venture for anyone?'
Makes you wonder why someone feels the need to point it out so repeatedly and his other account to tick it up when its so obvious. Each to their own.
Especially of Pinks , of that there is no doubt .
“People are starting to do the numbers “Prof Conroy stated , if you don’t mind I think I will go with what the expert says , the window is closing here , permit overdue .
We all make choices in life , I have made mine . Bol all genuine holders .
There are supply shortages at the moment.!!!!!!!!!!!! tick tock
De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns.
The Anglo American unit hiked prices by about 8% at its first sale of the year, according to Bloomberg. The sharpest increases of up to 20% were for smaller, cheaper stones.
SIGN UP FOR THE SUPPLIERS DIGEST
The changes at the January sight, which runs from Monday to Friday this week, reflected buoyant polished sales during the recent US festive period, as well as a hot rough market.
The company increased the price of its rough diamonds throughout much of 2021 as it sought to recover from the first year of the pandemic when the industry came to a near halt. Most of these hikes, however, were applied to stones bigger than 1 carat.
The strategy granted De Beers a steady recovery during 2021. Its diamond prices rose by 23% in “just over a year,” said Mark Cutifani, CEO of Anglo American in a December presentation.
De Beers sells its gems through 10 sales each year in Botswana’s capital, Gaborone, and the handpicked buyers — known as sightholders — generally have to accept the price and the quantities offered.
Customers are given a black and yellow box containing plastic bags filled with stones, with the number of boxes and quality of diamonds depending on what the buyer and De Beers agreed to in an annual allocation.
Main winners
Diamonds ended up being the big winners from lockdowns around the globe as access to rival luxury offerings was limited. That first showed with stronger-than-expected holiday sales, from Thanksgiving through to Christmas, and has since continued.
“The rough market is hot. There’s enthusiastic buying across all rough categories,” Anish Aggarwal, a partner at specialist diamond advisory firm Gemdax told Bloomberg in June. “There are supply shortages at the moment. That’s creating a sense of scarcity at every stage of the pipeline.”
Russia’s Alrosa, the world’s top diamond producer by output, has also increased the price of its diamonds over the last few months, triggering complaints from some industry actors. They claim the price hike has gone too far, especially as polished prices need to climb higher to justify the rates that rough stones are fetching.
De Beers has reportedly made a significant increase to its diamond prices in its first sale this year.
Those involved and invested in mined diamonds will hope that this reported 8% price hike signals a return to strength for the industry after the pandemic.
This news comes via Bloomberg which wrote that the greatest price increases “were for smaller, cheaper stones”.
Lol full house.
You know its coming Jethro ,living in the past
Shorter will have very burnt fingers soon??
Spot on Commin.
How will KDR attract a new JV partner to spend millions for a share of the Lahtojoki pit (size of a paddling pool compared to many profitable mines) Lahtojoki has had past mining permits, Lahtojoki has had millions spent on more than 2 past failed ventures/joint ventures over the last 30 years . KDR have not done any further new bulk sampling and KDR payed just €50,000 initially for the rights. What on earth makes this an attractive joint venture for anyone?
Diamond Square is the registered auxiliary business name of A&G Mining Oy. In order to ensure a high ethical level and authenticity of jewellery production, A&G Mining Oy acquired the diamond takeover of Kaavin Lahtojoki to refine it into the only working diamond mine in the EU. Its implementation is close as a result of the arrangements made by the company. Now major international mining companies are completed the project and A&G Mining Oy will have its share of Finnish diamonds available. Those diamonds don't shine the children's tears.
A & G Mining Oy !!!!
Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), is pleased to announce that
it has entered into an agreement with A & G Mining Oy (“AGM”) to acquire the diamond Mining
Permit over the Lahtojoki diamond project in Finland.
The purchase price is €150,000, comprising an initial purchase price of €50,000 plus a further
€100,000 after twenty four (24) months unless Karelian decides not to develop the project. A royalty
to AGM of 1% is payable either in diamonds or cash on diamond production up to 2.5 million carats
and 2% payable on diamond production above 2.5 million carats.
The Lahtojoki diamondiferous kimberlite pipe is situated in the Kuopio – Kaavi region of Finland in a
highly favourable location with excellent infrastructure including good road access and power
distribution and local technical and logistics availability.
The Company believes that the Lahtojoki diamondiferous kimberlite pipe has the potential to become
a profitable low strip ratio open pit diamond mine. It will now review the exploration and feasibility
work conducted to date at Lahtojoki and carry out any further studies deemed appropriate.
The acquisition of the valid Mining Permit over the Lahtojoki project area will allow the Company,
should it so decide, and subject to any relevant environmental assessments or requirements, to
proceed through to the development of the project.
Finland has a well-developed mining industry and is highly ranked for mining investment
attractiveness in the prestigious Fraser Institute rankings for mining jurisdictions worldwide.
The acquisition has been given legally binding governmental approval by the Finnish Safety and
Chemical Agency (“TUKES”) of the transfer of the Mining Permit to Karelian.
JUST WAITING ON PERMIT NOW :-)
COURT CASE OVER TUKES ?
TOLL RD (TICK)
You may also want to look at the past JV between Mantle and Firestone diamonds on the lahtojoki pit. Millions spent on exploration. Actual diamond experts involved in that failed joint venture. What are KDR going to do any different without current funding when past JV has failed which was funded in the millions.
stuck record RT
From 2004 nearly 20 years ago. Note this company found a second kimberlite which KDR are apparently looking for after finding a Boulder
28 April 2004
Lahtojoki Diamond Claim
European Diamonds PLC (EPD) has entered into an agreement to acquire the
Lahtojoki diamond claim in central Finland.
EPD has confirmed that the Lahtojoki claim contains a diamondiferous kimberlite
which is approximately two hectares in area (250m x 100m)
Previous mini bulk sampling of this kimberlite (approximately 1000 tonnes) in
the 1990's returned non-economic grades, however a re-evaluation of this
sampling by the company has concluded that this mini bulk sample did not
adequately test the kimberlite.
On the basis of this, and the fact that a previously collected 23 tonne drill
sample from the Lahtojoki pipe returned macro diamond grades of 0.21 to 0.45
carats per tonne indicates that the pipe warrants a re-evaluation. The Lahtojoki
kimberlite is now known to contain good clear white stones with some rare blue
and pink fancy colours. Stones of up to 1 carat in size have been recovered from
the very limited reliable sampling that has taken place to date.
EPD has also identified at least one additional untested kimberlite on the
Lahtojoki property.
Roy Spencer, Chief Executive Officer of EPD, stated today
'Our work across the Karelian Craton over the last 5 years has highlighted the
Lahtojoki area as a target for economic diamondiferous bearing kimberlites. The
potential of this area fits in with our new regional interpretation and confirms
our belief that the Finnish part of the Karelian Craton is extremely prospective
for diamonds.
We plan to complete our re-evaluation at Lahtojoki by further drilling and
sampling, coupled with additional geophysics over the next few months, leading
to the start of a full evaluation and feasibility programme later this year. We
are now confident that we have a significant kimberlite target with economic
potential at Lahtojoki.'
Lahtojoki is located 45 kilometres from the regional centre of Kuopio in central
Finland in an area of excellent infrastructure.
Acquisition Terms
EPD has paid the vendor (a privately owned Finnish Corporation) €100,000 to
purchase the claim and related data. On proceeding to full evaluation, EPD will
make a further payment which will be settled by the issue to the vendor of
130,000 EPD ordinary shares and €50,000 in cash. During the evaluation period
EPD has a maximum expenditure obligation of €250,000 per annum. On completion of
a feasibility study EPD will make a further payment which will be settled by the
issue to the vendor of a further 150,000 EPD ordinary shares.
On commercial production the vendor will be entitled to a royalty varying from
1.25% to 3.5% of the volume of diamonds produced.
KarelianDiamond Resources Plc said April 19th in 2016 that it has entered into anagreement with A & G Mining Oy to acquire the mining permit over theLahtojoki diamond project in Finland for €150,000. (Small change)
Additionally, a royalty of 1% to AGM is payable either indiamonds or cash on the diamond production of up to 2.5 million carats, while a2% royalty is payable on diamond production above 2.5 million carats.
Karelian plans to review the exploration and feasibilitywork conducted to date at the project and carry out any further studies, ifrequired. (Works done by past licence holders who both went bump and could not attract finance)
So 6 years later what work have KDR actually done of their own? Answers on a postcard please
thought you sold up and gone vamp? lol