Karelian Diamond Resources Share Discussion Threads

[escapetohome] 20/1/2019 19:14

Potentially waiting into the next century At this rate.

There is no incentive to results fast.

This is a gravy train. The longer the better.

[kaos3] 20/1/2019 18:38

I promised my lady to get her a KDR produced diamond for our diamond engagement ring. years ago. well - for how long will be she waiting, I wonder?

[witchywoo] 20/1/2019 14:32

where's Rio Tinto when you need them...

[sirianbotham] 18/1/2019 18:16

No way they can find work required via placing. They do have a 49% stake in future development via Rio they could look to leverage. Failing that it's the last fiver on the Irish lotto

[steve hoop 1] 18/1/2019 18:02

Corporate finance ??
Will need far more then 500k to fund Bulk sampling

[rbonnier] 18/1/2019 17:45

So a very deeply discounted placing from this level could mean a 2.5p placing ? And what happens if they cant even place for 2.5p what are kdr options ?

[shambaby] 18/1/2019 13:16

Correct!!! The company has been run into the ground which will enable the board to pick up shares cheap!!! The bulk sample material there left over from previous encumbents the board believe will produce a much larger CPHT as the quality of plant used was poor and with KDR using modern plant the CPHT will be significantly improved. A Bauer bulk sample at depth is also needed to a ascertain the value accurately of the mine. Similar to this project is where KDR need to be hxxps://im-mining.com/2018/06/01/consulmet-supplying-bulk-sample-plant-star-orion-south-kimberlite-processing/

[witchywoo] 18/1/2019 13:06

does Lahtojoki fall under the Rio bulk sampling agreement?

shame it's come to this stage with the company essentially run into the ground

[ladybird1] 18/1/2019 13:00

We posted simultaneously, Wetdreamer. 'Finance has been offered'??? Might you expand?

[ladybird1] 18/1/2019 12:43

Rain/snow so read the report in more detail. Their conclusion is as your bullet points in your post 12412, hoops.

'Financial
With a market capitalisation of only £1.35M financing is going to be a problem, even getting sufficient money together for the pilot plant. However, once this is achieved, and should the bulk samples processed through it prove economic, and Karelian meets the terms in its agreement with Rio Tinto, then Rio has the option to earn a 51%
interest in the project by paying for its development.'

The first sentence really says it all - 'financing is going to be a problem, even getting sufficient money together for the pilot plant'. And even if they manage that, three subsequent ifs-or-buts.

The long silence on financing suggests it is not proving easy to raise and so, if they do manage it, the terms will likely make for a very heavy dilution of existing holders.

[wetdreamer] 18/1/2019 12:43

Karelian State: Catalysts for Next 12 Months
Assuming sufficient funding, Karelain would like to process a significant bulk sample from the Lahtojoki pipe to produce a significant parcel of diamonds so that an accurate valuation of the diamonds and hence the pipe could be established. Simultaneously, Karelian intends to continue its exploration thrust, particularly in the boulder area, hopefully making more discoveries.

This should have been a priority from the start. The company have rehashed previous encumbents works. The pit needs to be drained and Bauer drill bulk sampled. Finance has been offered. Time for the board to deliver

[steve hoop 1] 17/1/2019 19:41

How would you know that a parcel of diamonds is achievable🤔??
Where would you hire a processing plant from.
None Available in Finland.
Speedy Hire???UK 😂😂😂


Shipping cost
Set up costs.
Experience staffing.
Haulage.
Lab results.
Etc Etc
£££;£££
????

[ladybird1] 17/1/2019 16:32

Thanks, hoops. Good to see an analyst still interested. I suppose the key phrase is, 'assuming sufficient funding.' They've been effectively 'broke' for quite some time now, so how/whether that is resolved will be the key short term question.

[steve hoop 1] 17/1/2019 13:44

Lahtojoki is a diatreme facies, massive volcanoclastic kimberlite, with minor amounts intrusive coherent (hypabyssal
facies), and has been dated at 600Ma. The kimberlite is classified as a typical Group I comprising abundant large,
rounded grains (macrocrysts) of olivine, set in a matrix of subhedral to euhedral olivine, monticellite, perovskite,
spinel, mica, calcite and serpentine. Kimberlitic indicator minerals, comprising pyrope and ecolgitic garnet,
magnesium rich ilmenite, chrome-diopside, rare chromite and diamond occur mainly as xenocrysts in the kimberlite
matrix but also as rock-forming mineral in mantle derived xenoliths. Eclogite xenoliths are relatively abundant within
Lahtojoki and may have provided the majority of diamonds within the kimberlite. These eclogites have exceptional
grades of up to 90,00cpt.
Picroilmenite is the most abundant kimberlitic indicator mineral followed by garnet and chrome diopside. The
predominant rock type occurring within the Lahtojoki kimberlite is a variably weathered massive volcanoclastic
kimberlite (MVK) which is a diatreme facies rock with less than 15% by volume of entrained clastic material.
Weathering has resulted in serpentinisation or a more advanced saponitisation of the MVK in zones. In addition to
the MVK there are lesser amounts of brecciated massive volcanoclastic kimberlite (BMVK) and rare coherent or
hypabyssal kimberlite. The BMVK contains greater than 15% by volume of entrained clastic material, predominantly

[steve hoop 1] 17/1/2019 13:40

90,000 CPT not CPHT.
World leader I believe

[steve hoop 1] 17/1/2019 12:17

hxxps://www.kareliandiamondresources.com/sites/default/files/Karelian%20Diamond%20Resources-Initiation%20Report.2019_1.pdf

[steve hoop 1] 17/1/2019 12:14

Catalysts for Next 12 Months
Assuming sufficient funding, Karelain would like to process a significant bulk sample
from the Lahtojoki pipe to produce a significant parcel of diamonds so that an
accurate valuation of the diamonds and hence the pipe could be established.
Simultaneously, Karelian intends to continue its exploration thrust, particularly in the
boulder area, hopefully making more discoveries.
Infrastructure
The infrastructure in Finland is excellent,

[shambaby] 10/1/2019 14:28

Offer to fund Bauer drill program at Lahtojoki has been made. The board will do it their way regardless while in charge.

[wetdreamer] 10/1/2019 14:23

Lahtojoki should be further progressed