The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
From tellus.........Magmatic sulphide deposits are associated with magmas of various types, particularly
those containing abundant iron–magnesium minerals (termed mafic and ultramafic) and
that form igneous rocks such as basalt. Relative enrichment of platinum and palladium
in the geochemical data suggests potential for PGM-bearing mineralisation in a number
of parts of Northern Ireland.
(Andersen et al., 2002), it is clear that conditions were favourable for
the concentration of PGMs, and Andersen et al. (2002) concluded that there is potential
for Noril’sk-type Ni–Cu–PGM deposits in the UK sector .....................Tellus survey pointed to that too
There is a lot of Info in this:
https://www.ria.ie/sites/default/files/chapter_2_0.pdf
Good point hoops, Yes, Rio Tinto spent $4.7 on thee joint venture with Bluejay in Finland Nickel exploration and then walked away last week leaving Bluejay with 100% of that project. Could Rio Tinto see a better opportunity of a world class discovery in Northern Ireland? Just a thought, but stranger things have happened. Rio already have a relationship with KDR.
As Robemy said, the prof will have egg on his face if the results from Canada are not positive. The prof doesn't do egg on his face, so you can be sure they already know the results will be very good. This is not a company that tees itself up to then report bad news.
Infinityx, I fully agree with you, KDR will be a £100m+ cap company soon and we cant say that the company hasn't indicated what is around the corner. The prof has said in his interviews "we have found it now".
Just a reminder of assets for anyone who doesn’t realise the scale of what KDR have:
Salla
Liperi
Kuhmo-(Anomaly 5, Riihivaara x2, Seitapera, Havukashuo,+ 38 more Kimberlites under work programme)
Lahtojoki
Lahtojoki South
Northern Ireland (Fermanagh+ Tyrone…… early stage)
This has the makings of a beast of a company, certainly in terms of asset value, given what is expected at Kuhmo. I imagine KDRs Finnish assets will be taken over for a very large amount of money. As the prof has said…. They have done the maths
I don't know Juxtaposition. I am just commenting on what is happening now and it is logical that is where the share price is going. After that, I dont know. I presume Finland news flow could kick this on then. The interview today also suggests that prof may be afraid to say anything on Finland and the interviewer probably told not to ask on Finland. KDR have only (in my view) made a token contribution to funding the ongoing works programme in Kuhmo, so maybe another party influencing when Prof can say anything.
Good point Hoops, I noticed recently that a part of the CGNR ground is sensitive with regard to Reindeer or something like that, if i recall correctly (only part of the ground), but that may have been a contributory factor in keeping so secretive about their CGNR Finland assets. Probably had to dot I's and cross T's on the environmental front there over many years behind the scenes and keep those stakeholders with any environmental concerns happy. The good thing about CGNR and KDR is that those at the helm appear very environmentally aware, which speaks volumes for them. I think the prof may even be a bird watcher. They certainly have chosen their licenses very sensitively over the years, always keeping away from populated areas and sensitive ground. Unusually refreshing for a Junior Explorer i suppose. Credit where credit is due.
Looks to me like the share price is being walked up to 7.5p plus. Then after 5 days above 7.5p, warrants will be exercised and Conroy gold will have another large chunk of KDR. I would say they must be confident of their Northern Ireland results otherwise they wouldn't be drawing attention to that in the interview. That said, there was no mention of Finland. Was that interview to deflect your attention away from Finland, but at the same time provide some reason for the share price steadily being walked up to a soon to be achieved level over 7.5P, thus making it less obvious that this share price rise is intentional and choreographed. Either way it appears KDR has begun and they see KDR as the means of quickly taking CGNR to the £1.50 level that they expected it to be by now. They know the kind of figures involved with their Finland assets. Its genius really.
This is interesting....Pages 8 - 11.
I find it interesting to read how involved the GTK were in diamond exploration in Finland and how important it was to them.
About 6/7 years ago the GTK virtually removed all info linking them with diamond exploration in Finland, almost overnight.
Remember the GTK do have a great relationship with KDR and have done for 20 years. They do KDRs work on the ground and implement their programmes on the ground. Why can you not find any link to diamond exploration on the GTKs website? Are the GTK and Rio Tinto in this with KDR?
Check out how involved the GTK were in 2008. What was discovered to make all so tight lipped.
https://www.appliedgeochemists.org/images/Explore/Explore,%20Number%20138%20March%202008.pdf
I noticed this which might explain the lack of info from the company over the years….. I think the editing in one of the Roast interviews was a bit weird, didn’t prof say we wanted to release news but we were not allowed to report on it…… sounds like an editing error possibly……??
I found this when looking at company rns rules …..
“A company can also hold off if putting news out would prejudice its ‘legitimate interests’. However, it needs to ensure it has taken steps to keep the details confidential.”
Does that explain why they have been able to keep all under wraps?
So Northern Ireland samples went to ODM labs in Canada. This is significant. Remember all the CGNR samples are going to the Lab in a Galway , Ireland. Both labs are top labs, however KDR choose to fly the samples thousands of miles to a lab, whilst CGNR choose to drive their samples 100 miles down the road to a lab in Ireland. Both top labs and can do the job. Isn’t it odd that KDR choose to sent to Canada….. Two words……Rio Tinto, I suspect. Will anyone even clock this .
Has Rio got a more pressing issue in Finland….
https://www.mining.com/bluejay-mining-goes-solo-at-finland-project-as-jv-with-rio-tinto-ends/
Certainly is Jiggery pokery afoot here. Obvious pattern now with the large delayed reported sell. As hoops says mates rates without spiking the share price. So the rest of the shareholders have to wait whilst these investors get friendly rates. Stinks a little to me.