Member Info for Yogi1

Will leave you to it toffee, life to short for this nonsense.

Hoops is the largest shareholder in KDR. He has never hidden that historically. Everybody involved with KDR knows that.

Today’s sells are odd. Where are they coming from. Is it spreadbetting related from historic placing. Hoops is the most positive, supportive shareholder here and has only ever wanted to see shareholder success at KDR. He want what every shareholder should want. That is to increase the value of their shareholding. To suggest he is selling at these levels is misleading and nonsense. Toffee you make it very difficult to take you seriously when you act like this. I say that in acknowledgment that I believe and agree with you that there has been weird trading in KDR for some time.

Toffee, why are you saying Hoops selling. That’s 100% incorrect. I know that for a fact, he is only building.

Yes there is something odd with the trading and I hope you get to the bottom of that, like you said.

Seriously, why is this share price struggling at current levels. This has gone on far too long.

As toffee alluded to before, something not right here. Trading doesn’t add up here.

Plenty of buys. Why are mm’s holding the share price back. This should be rising more than it is. Stinks.

Funding/partner needed to progress Lahtojoki too. Processing plant to be built. This will be used for kuhmo assets also

The re-issue of the 2 relinquished licenses must be soon. It’s not only KDR waiting….. Dalradian, Flintridge , CGNR are also impacted. So I imagine there is an urgency.

Management needs to bring some excitement back to KDR. I am not getting any younger! This share price is ridiculous.

I remember the prof saying he wasn't sorry when those shorting got burned before. I think it may have been cgnr related some years ago. I would love to see those playing silly games with the KDR share price get burned by an epic rise out of the blue. The panic and ensuing scramble could be interesting. As toffee said, the selling does not add up here.

I spoke to someone in December who is renowned and respected in investment in Junior mining. I asked him what he thought of KDR and its share price. He said its market capital is crazy and that it is primed. He said any decent news there and it will be “off to the races”. He said he sees potential for a huge rise in its share price, given its current market capital. I hope he is right, he may just have been saying that and guessing . It did surprise me when he said it.

Fair point. KDR is potentially extremely valuable in its own right. Hope they make some noise soon

Every chance whoever takes an interest in CGNR will also be interested in potential copper in Northern Ireland. Who knows, but some strategic moves are necessary in my view.

A new company, with a new name, with multiple strings to its bow can be good for both.

Possibly Johndar, but given the assets KDR have etc, I would think 3/1 ratio at worst. Lahtojoki alone with mining permit must at least be worth £10m

Whats with all the tiny trades?

Yes remember you saying oldbutnotwise. Agree with you, it’s the smart move for both. Strength in size. Could have the full deck of assets then.

Conroy Gold and Natural Resources Plc (Conroy Gold) and Karelian Diamond Resources Plc (Karelian Diamonds) are currently two separate, listed entities that share common directors and shareholders, and even accommodation and staff. They were de-merged in 2005 to allow Conroy Gold to focus on gold exploration in Ireland, while Karelian pursued diamond interests in Finland.

A full "re-merge" would require a significant corporate transaction, such as an acquisition, a scheme of arrangement, or a merger by absorption, agreed upon by the boards and shareholders of both companies, and subject to regulatory approvals.

Current Relationship and Interactions

Instead of a re-merger, the two companies currently manage their relationship and financial dealings through specific agreements and investments that fall short of a full consolidation:

• Shared Leadership and Resources: Both companies were chaired by Professor Richard Conroy and share some operational overheads.

• Debt Capitalisation: In 2023, Conroy Gold capitalised a portion of the debt owed to it by Karelian Diamonds into new shares of Karelian. This resulted in Conroy Gold holding approximately 5.29% of Karelian's enlarged share capital, demonstrating an investment relationship rather than a merger.

• Convertible Loan: The remaining outstanding amount owed was structured as a convertible loan note, which gives Conroy Gold the option to convert that debt into more Karelian Diamonds shares at a set price.

Potential Paths for a Future Re-merger

A full re-merger, though not currently announced as a goal in recent company statements, could theoretically occur through the following mechanisms:

• Takeover Bid: One company could launch a formal takeover bid to acquire all outstanding shares of the other company. This would typically involve a cash offer or an offer to swap shares.

• Scheme of Arrangement: As was used for the original de-merger, the companies could propose a court-approved scheme of arrangement where shareholders would exchange their shares in one entity for shares in a newly combined entity.

• Shareholder Agreement: Given the significant overlap in ownership and directorship, major shareholders could coordinate to vote in favor of a merger proposal if management decided this was the optimal strategy.

Any such transaction would be contingent on due diligence, valuation of assets (gold and base metal projects vs. diamond projects, diamond mining permit, NI projects), and ultimately, approval from regulatory bodies (like the London Stock Exchange's AIM market) and both sets of shareholders.

It would be a win win for both companies in my view!

The logical step here, given that KDR have Copper,Nickel, PGM interests in NI beside CGNRs Gold interests, and given CGNR have Gold interest in Finland where KDR has its mining license for Lahtojoki, would be to re-merge the two companies. This is especially logical given the commonality of directors, management, office and shareholders. This would be a win for both companies. It would reduce costs, and the larger company with many more strings to the bow would be stronger as an one. A no brainer to me.