Conroy Diamonds & Gold Share Discussion Threads

[hemehem] 18/1/2011 15:18

Actually just re reading what you posted it confirms that the 2 companies are different, his holding in CDG is partially directly owned and the others are held in Conroy p.l.c.

[hemehem] 18/1/2011 15:14

Thanks Peetle, just checking.

Mr dans1,
Yes I saw that but then I saw this from the history page and it seems that Conroy p.l.c and Conroy Diamonds and gold p.l.c are different entities.

"In July 2004, the Company purchased Nordic Diamonds Limited from Conroy P.l.c. and Karelian Diamonds Limited from Conroy Diamonds and Gold P.l.c., together with all intellectual property and confidential proprietary data relating to the diamond exploration programmes in Finland of those two companies."

Please correct me if I am wrong.

[mdrans1] 18/1/2011 14:53

hemehem
Does this help?

Symbol: KDR

Market: London Stock Exchange
Alternative Investments Market (AIM)

Principal shareholders (>3%)

Conroy P.l.c.: 30,815,030 (42.67%)
Professor Conroy: 6,216,671 (8.61%)
Gartmore: 4,500,000 (6.23%)

Professor Conroy is the largest shareholder of Conroy Diamonds and Gold, speaking for about 28 million of the company's shares, including 9.25 million shares held directly and another 19.2 million shares owned by Conroy plc, which he controls and of which he is the largest shareholder. Conroy plc acquired its shares late last year, when it sold its gold properties in Finland to the company. The transaction valued the properties at €1 million and the Conroy Diamonds and Gold shares at 3.5 pence each. Gartmore Fund Managers Ltd, with 14.1 million shares, is the largest institutional shareholder, representing 13.4 percent of the outstanding shares.

[geowge] 18/1/2011 14:29

No spread is 0.085 - 0.10 in Euro's (at 13:30):-



Converting using 1.00 EUR = 0.837706 GBP gives the spread Peetle has quoted in £'s (or pence in that case)

Anyone got a link where you can see the individual trades?

[mdrans1] 18/1/2011 14:27

You may be correct hemehem. I am not sure but I think there may be some confusion with a separate private Conroy company that holds a stake in KDR

[hemehem] 18/1/2011 14:26

Peetle, is that in euros?

[hemehem] 18/1/2011 14:01

CDG do not own 50 % of KDR. please prove me wrong!

[peetle] 18/1/2011 13:46

Bit of an arbitrage opportunity here; they're trading at 7.1/8.4 in Dublin today. And they are actually trading too, someone's just bought almost 26K - they should have saved themselves a few bob and done it over here.

[bish100] 18/1/2011 10:26

SH

Not sure that 'Conroy PLC' is the same as 'Conroy gold & Diamonds PLC'!!!!

[bish100] 18/1/2011 10:15

Stalking Horse - Where does it state that CDG own 50% of KDR???????????????????????????????????????

[yorgi] 17/1/2011 14:44

I'll trust your judgement and hope you are right John :-)

[johndee] 17/1/2011 14:43

The buying today suggests we will not see 6 pence again.

[yorgi] 17/1/2011 14:41

Yes and what do you have to back that up jj45 ?

Somehow I think nothing or do you !

And we are up again :-)

[geowge] 17/1/2011 14:35

jj45,

Given that is a fairly damaging comment you have made there out of the blue and have not bothered substantiating it, I'm assuming it is total BS and rather insidious.

If you post a hard source then all will be forgiven. Do not post stuff like that without evidence or at least a quoted source. Don't tell me, you've heard a rumour.

Would be a hell of a turnaround considering they said they were topping up after acknowledging Kenglo had given them a buying opportunity!

[jj45] 17/1/2011 14:27

Back to 6p now that t!ps are out.

[sarah bin palin] 17/1/2011 09:10

July 26, 2010

Shares In Karelian Diamonds Soar As It Joins Forces With Rio On The Ground In Finland
By Alastair Ford



"We're well pleased with it", says Professor Conroy of the recent agreement between his Finnish diamond company, Karelian Diamonds, and Rio Tinto. The markets were well pleased too, pushing Karelian's shares up by almost 200 per cent on Thursday 22nd July, the day the news was announced, and on good volumes too. The following Friday the shares then rose by a further 90 per cent or so, such that by the close of the week the overall rise amounted to a whopping 292 per cent, as Karelian closed at 4.25p.
That made Karelian easily the best performer of the week, although even after all that price strength, it still remains a minnow, capitalised at just £2.5 million. Rio Tinto's intervention certainly makes a difference, and for several reasons. The first, general, point to make is that the Rio deal brings Karelian back to life from the state of semi-hibernation that it had gone into once the global financial crisis got underway. To be fair, and as we've reported here before, Karelian didn't completely batten down the hatches, and was actually out there in Finland picking up ground when everyone else was running for cover. But exploration was well and truly on hold, and to all intents and purposes the markets seem to have taken the view that there was little of real substance happening.

If that was indeed the case, then the markets were well and truly woken from their torpor by the Rio deal. Under the agreement Rio will make available its extensive Finnish database to Karelian for evaluation. In return Rio gains the right to fund any Karelian discovery into production for a 51 per cent interest. The deal covers diamonds, and all other minerals as well, and effectively makes Karelian the defacto exploration arm of Rio Tinto in Finland, although when that interpretation is put to Professor Conroy he deftly sidesteps the issue. "I think we would regard it as fitting very well together", he says. "It's a sensible sort of relationship to have."

Given the history of prospecting for diamonds in Finland, and who acquired who, the Rio data is a prize worth having. As the twentieth century was drawing to a close it was Ashton that really opened up Finland as a country prospective for diamonds. Ashton, the Professor reminds us, discovered Karelian's leading asset, the Seitapera kimberlite pipe, Finland's largest. It was also Ashton which discovered the Lahtojoki pipe currently under joint investigation by Mantle Diamonds and Kopane Diamond Developments. In short, Ashton was the big noise in Finnish diamonds, and it was acquired, along with all its data, by Rio late in the year 2000. But the prize, as far as Rio was concerned, was always Ashton's 40 per cent stake in the Argyle mine in Western Australia, so perhaps it's no surprise that a decade on, Finland has yet to put a diamond mine into production.

The Professor and his team at Karelian would certainly like to change all that. "Finland in a general geological sense is certainly very prospective", he says. Across the border, in an area of Russia which shares the name of the province on the Finnish side, Karelia, some huge diamond deposits have been discovered. So huge that the parties that have been in dispute over them are among the world's biggest players in diamond mining – De Beers and the Russian government.

So the address is right. Karelian Diamonds holds a huge amount of ground across what is widely known as the Karelian craton - 7,000 square kilometres on the Kuhmo licence in east central Finland, and 7,900 square kilometres further south at Joensuu. It's been working away on that ground for several years now, notwithstanding the slowdown during the global financial crisis, and has amassed a sizeable knowledge base of its own. As Professor Conroy reminds us, it may have been Ashton that discovered Seitapera, but it was the Karelian Diamonds team that demonstrated its size.

So the combination of Karelian's ongoing hands-on experience with Rio's extensive database looks like an attractive proposition. Rio certainly thinks so. The clause in the deal that allows it to fund any Karelian project into production in return for a 51 per cent stake looks generous. Cynics will say it was simply off-loading an old database that would otherwise have continued to gather dust on the shelf, and that on that basis it could afford to be generous. But there's no doubt that the terms will certainly encourage the Professor's team to greater feats of geological detective work, and it would hardly be a surprise if a plethora of targets start to emerge over the coming weeks and months. Whether or not they prove to be economic, of course, is a completely different question. But you have to start somewhere. In Rio's case, it's starting, or at any rate re-starting, with a £2.5 million Aim-traded minnow called Karelian Diamonds. It could have done a lot worse.

[geowge] 16/1/2011 22:39

I found the UK Analyst link, from earlier this month giving us our best indication as to when the scoping study is due. Article was buried in a report, hence hard to find:-

4th January 2011


"At 6.125p Conroy is capitalised at £14 million. Moving away from the most recent focus of the Clay Lake target, January 2011 is the month that will see the release of the important scoping study stage results for the Clontibret target which houses the company's 1m+ JORC compliant resource. The company is expected to detail a preliminary mine plan along with detailed news in regards to the potential progression towards the prefeasibility and feasibility stages. We are expecting to have positive news flow towards the end of the month and as such are content to hold our position in expectation of a spring re-rating."

######

I posted again as I missed out the final paragraph by mistake. Those comments from t1ps not only say the Scoping study WILL be released in January, but state they are "expecting to have positive news flow towards the end of the month". That is very specific. They must have had a firm target from company (article was published 4th Jan 2011) or they are very naughty boys!!!

Of course remember targets don't always get met! But we are now in the back end of January so here's to hoping :)