The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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!
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.
Has this company gone into hiding? "Hello KDR, come in KDR". Is there any PR? where is news flow. Almost June 2022. Blink and 4 years have passed with no news! Talk about leaving Karelian shareholders twisting in the wind. Insane stuff. The market sees the poor performance of KDR, is it any wonder the current cgnr share price is performing so poorly since their JV. I am wondering who is actually calling the shots at KDR? Is is an outside party?
Regarding Anomaly 5, for any shareholders who don't know, (which will be many), On 3rd March 2022 (appeal period ended approx 12 April 2022, Tukes extending the validity of the mineral exploration permit called "Kuhmo 1" for Karelian Diamond Resources Plc under the permit code ML2017: 0011.
Justification: The applicant has demonstrated that the conditions laid down in the Mining Act (621/2011) are met and that there is no obstacle to the granting of a permit under the Mining Act.
Valid for another 3 years, and I believe that the area has been narrowed down a little.
Whilst it may not have needed to be in an rns, it just highlights how ridiculous the KDR twitter feed is when it wasn't even mentioned in it. In my view its a material development, and shareholders should at the very least be made aware.
Same goes for the Salla and Liperi permits.
Have management conveniently forgotten shareholders here? Feels that way.
The prof has been complaining about the CGNR share price in interviews (and rightly so), but they should realise that by doing this whilst ignoring the KDR share price, that sends a really poor signal to KDR shareholders. a signal that they don't care about them. If they don't start updating shareholders soon, others will.
Looping twitter feeds, cutting and pasting from the website (PJ probably behind that). That is extremely patronising to educated shareholders. KDR website ticks a box and absolutely does nothing else. When you click on Analyst Coverage you get an old Brandon Hill Flashnote. That is not even our current broker or our current brokers coverage. Its not good enough.
Its definitely a change from the "shares can go up and shares can go down" line he usually gives. You are right Professor Conroys other company KDR has a market cap of £1.2 million and share price of about 2p (Not much more shares either). Yes. the mining permit within next 8 weeks according to Finnish Authorities. Why are they not angry with the KDR share price too. If Debeers or Rio Tinto appear immediately after the permit drops, I wonder what will happen. Perhaps they just don't need to be angered by the KDR share price, given what may be around the corner. Both companies have silly share prices. Very puzzling.
KDR said mining permit by June, so could be mid April, to allow for the usual statutory period of 30 days and the 7 days before appeal period takes effect. So 37 days really. In light of this you would expect the share price to start rising in the weeks before, or maybe not, if nobody sees this coming and logic doesn't prevail.
Odds on that there is likely a major diamond company ready to go as soon as the mining permit is in hand. Every chance it could be Rio Tinto and/or DeBeers waiting silently in the wings. I guess we will find out soon enough.
Is Story still selling here? or is this selling linked to the other undisclosed 18% holder/s. This has all been at the other shareholders expense.
There has been no attempt by the company to address the appalling share price, other than to say "share price can go up and go down" as if they have no responsibility for the current share price. It is not good enough and has not been for a long time. Company must address this share price and stop acting as if the share price and shareholders do not matter.
Shareholders are all entitled to a view and to have certain minimum expectations of a company.
It is very useful to look at Ekati as an example of what might be to come at Kuhmo. The mining plan focused mainly on open-pit mining from the Panda, Koala, Fox, Beartooth, Pigeon, Sable and Misery orebodies, with subsequent underground production from Panda and Koala. All part of a cluster, small and high grade I believe.
It is my view that this is being copied in Finland in the Kuhmo area. Possible high grade and in close proximity to each other, with perhaps Anomaly 5 turning out to be the big one. Anomaly 5, Seitapera, Riihivaara, Havukassuo, +
This is apart from Lahtojoki.
Whats to come from Salla and Liperi? We shall see. The Russians certainly think the ground just a few miles over the border is of special interest geologically.
The sooner the Lahtojoki permit comes the better as the rush will follow that.
When (in the interest of "open and realistic communications with its shareholders") are the company going to :
1. Explain if public meeting has occurred and what is the situation with the delay in Lahtojoki Permit?
2. Has the source of the Anomaly 5 green diamond been located yet and what other diamonds have been found there?
3. Why does the company continue to tell shareholders nothing about Salla? Exploration permit narrowed down here last year. You don't spend years narrowing in on nothing.
4. Why does the company continue to tell shareholders nothing about Liperi? Exploration permit narrowed down here last year.
So Story is selling down to 525,000, and will retain his warrants at 4p which will see him rewarded nicely. But who has taken all the shares? My guess is PJ and his crew and connections. This share is a personal investment of his. He said it himself before he went silent on KDR (perhaps he was told to go silent)
Remember First Equity came along as broker and its CEO is Cameron Parry ( PJs mate from Metal Tiger etc).
PJ and crew including wife, kids, dog, high net worth mates, must all have 2.99% holdings so as not to draw any attention to KDR. Maybe they had involvement in the secretive 18% and got warrants too. I don't know.
Remember all those StockBox interviews for KDR and CGNR are controlled by PJ. Why ? Because PJ owns Value Generation, who in turn own Big Island Holdings Ltd, who in turn own StockBox Media.
Now the dogs on the street already know PJ controls/runs the CGNR/KDR twitter feeds as that doesn't take a genius to notice.
I'm not saying its a bad thing, on the contrary, PJ is not stupid and will know whats coming. All their boots will be filled.
I don't think it will be long before PJ and Value Generation appear as significant shareholdings. They must think big things are ahead for KDR, for PJ and crew to be keeping quiet or PJ would have been waxing lyrical here for sure.
KDR has PJ written all over it. If permit drops next week, perhaps we will find out shortly after, as JV and EGM will will probably follow.
Did Spreadex provide the facility for all Story shares to be traded, (off market trades.....that of course had to be reported to AIM), but meaning that there would be no impact on share price. In essence was it a means of controlling the share price at a low level to avoid any market interest in KDR. I'll leave that for those with a better understanding than me of the market. In other words we do not want any interest until permit is securely in the bag!
Story may be out soon and his departure appears to have been facilitated by this off book facility linked to Spreadex. It goes slightly over my head, but its definitely not normal trading conditions here. Other than stores remaining stock, there hasn't been really any other stock available. Whats the bets there will be more large after hours sells today. Im sure Story no longer has a notifiable interest here and RNS confirming this can't be far away. In fact he must be tending towards zero as we speak. Is it all timed to coincide with the Permit news? And, who is buying the Story shares?, was this all just a boot filling facility? I think this will move very fast when Story is out/ Permit arrives, whichever comes first.