Member Info for Yogi1

Yes that 90,000 ct/ton boulder was the most eclogitic sample ever discovered in the world i believe. It was 1% diamonds. I don't know if that has been surpassed anywhere since. What we do know is that the boulders KDR collected from south Lahtojoki are apparently richer in grade and from a different kimberlite source.

https://www.kuhmolainen.fi/artikkeli/rio-tinto-aloittaa-litiumin-etsinnan-kuhmossa

So Rio are going to be exploring on the ground next to us in Kuhmo. Probably just another coincidence, and May too.

2 days ago in the press.......Rio Tinto starts exploring for lithium in Kuhmo
The company presented its plans at the Kuhmo city council meeting. The first field trips are planned for the week starting May 8. There is also a public event coming up.The company had submitted an ore prospecting permit application to Tukes in January 2023.
The company presented its plans to Kuhmo's municipal decision-makers at the city council meeting on April 17. The presentation was held remotely by Rio Tinto

Rio Tinto Exploration Finland Oy was set up in Finland on 19 May 2020....approx. 6 weeks before the the KDR/Rio Tinto confidentiality agreement was allowed to lapse. Isn't that a coincidence!!
Since then this company has obtained numerous licenses in Finland, but none for diamond exploration.
Isn't it funny that of the 4 directors installed in the above company by Rio , 3 of them come from a diamond background within Rio, with 2 being diamond experts. I guess thats just another coincidence.
Also, on 19 December 2022, Rio Tinto appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, joined the Board on 1 March 2023. Her area of expertise is environmental I think. Probably just another coincidence.
Rio Tinto's CEO is scandinavian (Jakob Stausholm) and Rio Tinto's chief executive of minerals is Irish (Sinead Kaufman). Most recently, she was Managing Director, Operations, at Copper & Diamonds. Probably just another coincidence. I will leave you to ponder?

News from 2015.....Rio Tinto Lab Confirms Diamondiferous Kimberlite Indicators at Karelianans Finland Site

The Profs quote at the ent of this RNS is interesting, especially very last line: ......Karelian’s chairman, Professor Richard Conroy commented, “These are truly excellent results that confirm the potential within the target area, in particular the presence of the G10 (D) Garnets which have proven to be positive indicators of diamonds in the past. As a result we remain very confident that the hard work by both Rio Tinto and our team will lead to an important new discovery.”

This was what the press said when Rio and KDR signed a confidentiality agreement on 22 July 2010. ........."Exact details of the collaboration remain vague, but KDR will be made privy to confidential data and geological samples from Rio projects in Finland. Of considerable interest also is the fact that Rio has the option to take a 51 per cent stake in any discovery Karelian makes. It will kick in when Karelian completes 10 tons or more of bulk sampling for diamond exploration "

The confidentiality agreement was renewed in 2014 and lapsed on 30 June 2020. So Rio Tinto share £40m worth of confidential information with KDR for 10 yrs and then decide to not renew the agreement (which would have been at no extra cost to them to renew). No this agreement was always due to be replaced by something in 2020, however there were was 3 years of delay which was out of KDR and Rios control. I suspect it suited both parties to let agreement lapse, whilst retaining the relationship in the background. However, things starting to come together at the same time now as prof said, so looks like now is our time. its taken a very long time, but slow and steady wins the race!

I recall the prof. saying on an interview that finance is readily available, and not having to go to the market for this. If you look back at interviews over last year or so, you should find it. Yes they did raise a small amount, but that was just to pay the compensation agreed to landowners + probably the final payment to A and G mining for the Lahtojoki acquisition.

I don't expect any more taping the marked to raise funds. So the question is who is paying for all these programs to run in tandem? Is it one party or two? Rio Tinto paid for all the costs of sampling Riihivaara for KDR, at a £1000 a sample at its labs in Melbourne. This was not revealed until after the results were came out. Rio then gave these results a "high category rating" and said likely diamoniferous. Don't you find it odd that after paying £350,000 to analyse the samples in Australia, neither Rio or KDR spent £10,000 since 2015 to confirm diamondiferous. KDR then moved on to Kuhmo.
Rio are all over this. They are not stupid. Ask youself who is going to be drilling in Kuhmo, Rio?, Geopool?, GTK?, whomever it is, I will eat my hat if Rio Tinto are not backing this financially. I tiny initial outlay here can give them domination in the fancy diamond work for years to come. No way they can ignore that!

When results start to land here, share price will go well north, warrants will get exercised, giving KDR extra cash in the pot too. Its obvious from recent interviews that they believe their 20 year elephant hunt in Finland is about to pay off at Kuhmo.

He said in recent interview that Kuhmo is what the majors are after…… that will involve big money from the majors ……,shareholders have been told already, that it’s up to them to make the decision to invest or not…he laid it out for us to play it out. There is a big picture about to unfold here at Kuhmo.

Ask yourself, who is paying for this multi million programme of works? All at once across different locations….. KDR can’t be. Why now? All at the one time?

https://markets.ft.com/data/announce/detail?dockey=600-202304240213PR_NEWS_PRUKDSCL_0017-1

I wonder how long before the market realises the significance of this mornings RNS.

I wonder is penny starting to drop here.

Are market makers holding this back for some reason? All mainly buys yesterday and today.

Yes I believe Spencer found that big Diamond not too far from KDR Salla ground , as the crows fly, on the opposite side of border in Russia. I think Salla KDR license something like 7 miles from border or possibly less. It is included within a special study of an area mainly on the Russian side of the border. Apparently it is an area of huge importance for rare earth elements etc…very rich in minerals . GTK did a special study and paper on it. Something like paper 53 or 57, i cannot remember exactly, but I will get it and post a link to it. It’s very interesting to cross reference it with KDRs Salla license . That’s a very specific license for KDR to have taken out and narrowed down and never reported on. Wonder why??

Forgot to say, as for Lahtojoki, maybe it won’t be a jv deal with Burgundy, maybe it will be a Finnish company or some other Canadian junior. I have no idea, but professor said in interviews there are a lot offering money, so it imagine they will have their pick. There is nowhere else in world about to build a mine for pink diamonds. We can see the deal the management did with their other company in Ireland, which is an unbelievable deal for a junior.
Let’s not forget that Seamus Fitzpatrick (Capvest) is on the KDR board too. One of Irelands most successful businessmen, who has put together massively successful deals before in Scandinavia. No harm to have someone of his standing and ability on the board.

Finnish people do not generally know they have diamonds. This was the same in Canada right up to the time they started digging them out of the ground. In fact I heard it said that DeBeers actually promoted that line of thinking in Canada, right up to the mining started. I guess diamond provinces are not the kind of thing you shout about to the competition, until you have secured the land under license at the least. KDR have secured a very large area in eastern Finland. But let’s not forget the Salla license a stones throw from Russian border further north. That’s secretive…… diamonds/ Rare Earth Elements critical for Europe??. Then there is the other secretive Liperi license…..didn’t Aston/Rio discover a yellow Diamond there many years ago, or was it the GTK. Either way, I notice Rio Tinto acquiring numerous licenses for other minerals, not very fare from Liperi. I would suggest that Rio have played a long game in Finland indirectly and directly securing the richest ground in eastern Finland. Nickel, copper, Diamonds, Lithium all via subsidiaries, JVs , confidentiality agreements etc. the information is all there if you look in the right places. Finland clearly where Rio see the future. Others will be playing catch up in Finland, when the rush starts. Will the Lahtojoki permit be the starting Pistol? Certainly Rio have a massive head start!

Roy Spencer (who discovered the grib pipe) spent many yrs exploring all along the Russian side of the border. He found some significant diamonds and their trails. He concluded the trails led back to sources on the Finnish site of the border. Judging by the professors recent interview, it sounds like we finally found the sources, maybe 23 of them, and they are big. Kdr 20 years elephant hunting, and from interview it’s obvious that they know that they have stumbled on the big one. I suspect Rio Tinto are very surprised at the location of this discovery, they couldn’t find it back in the day. Not sure they or Ashton even checked. Perhaps they overlooked the area. There is no way Rio Tinto will be overlooking this Diamond field. This is great for Finland, and will put Rio Tinto Diamonds back in the game after the loss of Argyle. Hopefully news flow soon, to confirm our suspicions for Kuhmo.
Good luck all long term holders here.

You are correct, Finland was mentioned as under assessment, whatever that means. Then no mention of it again. What other Diamond junior is there. Burgundy probably isn"t even a junior any more.
If eastern Finland has another Lomonasov or bigger with a diamond province at Kuhmo (looking a real possibility, going by the recent interview) and KDR have 100% of it, then Rio will probably want it all. This would give them the next 40/50 years possibly. There is nowhere else in the world with this on the cards. They would have to pay a very big price to get it from KDR, one would assume. We already know kuhmo has green diamonds and if like Lomonasov will have pink diamonds too. This would be an extraordinary achievement for KDR. Of course, we don't know yet and can only speculate until were hear otherwise. Has a tiny diamond junior ever been in this position before? What are Rio likely to pay to acquire a large world class diamond deposit of fancy diamonds /Province? Its not as if anywhere else has this in the world. Rio wont want Debeers trying to swoop in i suspect, so this should command top dollar as it would give Rio a dominant position in fancy diamonds. I will leave it to smarter than I to speculate on asset value, but it must be serious amounts of money I would think.
He said something like .....its all coming together at the one time, inevitably how these things happen after 20 years.
I like the sound of that.

I am wondering who used Morgan Stanley to hide their investment, so as not to give the game away.
MS do not invest in tiny companies on AIM market and then sell a few days later for a tiny profit.
Someone did not want, or was not ready to let the market know. MS was a useful vehicle.
Didn't Rio Tinto Diamonds employe the services of Morgan Stanley to oversee an IPO in London 10 years ago when they were considering a change in direction at the time, after failing to find a buyer.
Why hide? Would it be price sensitive and give the game away? Are they are just not ready to do so? I think thats likely here, but I could be wrong.
With the professor hinting of a world class discovery akin to Lomonosov deposit (2nd biggest in world), it doesn't take a genius to realise what major company is backstage, peeping around the curtain, waiting to start the show, especially given the previous confidentiality agreement. Argyle is closed, so they need another world class discovery to replace it. I wouldn't bet against eastern Finland becoming their replacement. There is nowhere else in the world, and Rio quietly returned to Finland a few years ago, and also formed Rio Tinto exploration Finland. ( Perhaps this was set in motion way further back, 10+ years ago, with the confidentiality agreement, who knows. One can only speculate)

As for Lahtojoki, one would think that would be on Burgundy Diamonds radar. Who knows whats in store here when the permit issues. I was amazed that Burgundy Diamonds shareholders never even considered Finland as a possible reason for their continued voluntary suspension. It appears they have not returned to trading yet, without explanation. What if Burgundy are after more than Ekati? Now there is a thought.

https://www.kareliandiamondresources.com/sites/default/files/KDR_Presentation-June%2021.pdf