Karelian Diamond Resources Share Discussion Threads

[steve hoop 1] 15/11/2018 20:31

Still believe bonnie !!
Hoops 😎

[rbonnier] 15/11/2018 19:56

"You wont be losing here end of".... because youve sold down your holding over time and the remaining shares you hold are free carry ?

[keysersosse] 15/11/2018 19:08

Ok Dave...here’s my theory....partial repayment covers salaries etc whilst other “things” take care of themselves...need I go on spinning like a Whirling Dervish ?

Place your bets and name your price....let’s see who wins eh my little Dutch Detective x

I won’t be losing here....end of,

[dave444] 15/11/2018 18:59

You have been spinning and dreaming for years!

[keysersosse] 15/11/2018 18:49

Dream on you set of puddings....enough said...

[rbonnier] 15/11/2018 18:30

CGNR shareprophets says the balance sheet is a shambles the end is surely nigh ..Sell .
These guys make pretty good calls on stocks about to go under i wouldnt bet against them .This looks in very very serious trouble .

[diamonddog1] 15/11/2018 18:20

Partial repayment by Cgnr of loan to kdr. If KDR were secretly being bankrolled by a major as others suggest and on the verge of a life changing JV would they be calling in the loan? Not boding well

[dave444] 15/11/2018 18:17

In that case there is no chance for KDR

[rbonnier] 15/11/2018 17:16

Shareprophets are calling lights out at CGNR !

[ladybird1] 14/11/2018 21:15

I should imagine the partial repayment of the loan reflects a careful balancing of the Groups' financial needs/resources as a whole.

I imagine the repayments sufficient to enable the auditors to sign off the Accounts of both on a more-or-less going concern basis, but shall start to sweat a bit if there is an extended time lag before the KDR Accounts are published. Interesting, however, to compare the strength of the Auditor's reservations this year with last.

[bageo] 14/11/2018 20:09

Material uncertainty related to going concern

We draw your attention to Note 1 in the financial statements, which indicates that the Group and Parent Company incurred a net loss of €745,485 during the year ended 31 May 2018 and, as of that date, the Group and Parent Company had net current liabilities of €2,953,825 and €2,607,867 respectively.

In response to this, we:
Inspected the confirmation received from Karelian Diamond Resources Plc that it does not intend to seek repayment of amounts owed by the Group and Parent Company within 12 months of the date of approval of the financial statements, unless the Group and/or Parent Company has sufficient funds to repay;

So what is still outstanding?

So KDR need cash but CGNR will carry on spending on their projects rather than repay this. Favouritim or discrimination?

[ladybird1] 14/11/2018 19:21

I note CGNR's Accounts published today. They include a repayment of £160,662 against KDR's loan.

Will KDR's Accounts appear this week?

[goldeneye5] 07/11/2018 21:14

KS......pm

[ladybird1] 07/11/2018 07:59

Apologies, shane - you are, of course, perfectly right that end November is their deadline. So three weeks wait. It will be interesting to see how, between them, KDR & CGNR avoid going concern qualifications.

[keysersosse] 06/11/2018 20:49

As the black and white now transforms into glorious colour courtesy of Karelian TV, here’s another clue.....not subtle at all....as patience went...purely something else...

Like the chap who can’t pronounce his F’s and Th’s......Si can’t say fairer than that then can he ?....

[keysersosse] 06/11/2018 19:33

Loving the quote.....interestingly in its early days of production, the Finsch mine produced green diamonds....

Not rocket science is it ?

How long did it take to BUILD Rome ?

Oh yes.....you can call me Al.....😂8514;😂

[shane titley 1] 06/11/2018 19:25

hxxps://youtu.be/GbfB5P6cswA

This you Jones?

[shane titley 1] 06/11/2018 13:58

Accounts are normally end of November.
Agm late December.
clockwork orange! Real decent RNS yesterday and forward planning.
Expensive country Finland!!!......

[ladybird1] 06/11/2018 07:48

As far away as ever from actually achieving a bankable result, it would seem, but the bit I found quite surprising is the expressed intention of future drilling. This presupposes they expect to be able to raise yet more funding (at whatever dilution of existing holders).

The accounts due by end December (as last year, I suppose it'll be to the wire.....).
At least two things of interest there:

- how they manage to convince the auditors they are a going concern.

- how the debt owed to KDR by CGNR is being handled. £324k at 31/05/2017 and the Board confirmed it would not seek repayment for 'at least 12 months from the date of approval of the financial statements' of CGNR at that date.

[goldeneye5] 05/11/2018 00:01

KeyserSosse, that song was playing on the radio this morning. Is it a sign? Do you think Mr G is there for Kuhmo or Lahtojoki? Riihivaara and Anomaly 5 are KDR discoveries and the company appear to go to lengths to stress that in their RNS's. Is it fair to say KDR are not yet beholden to Rio? Has not bulk sampling been a clever move by KDR? Regards

[rbonnier] 02/11/2018 17:11

So its a Corporate Twitter account and KDR looks forward to engaging with shareholders through it .Shouldnt KDR as a listed company be engaging with shareholders through official RNS news releases ? Oh no are they getting ready to delist and have opened a Twitter account to keep shareholders updated with developments !