Karelian Diamond Resources Share Discussion Threads

[ladybird1] 11/9/2019 08:45

Well, Cats. I should be very interested to know what they can actually DO, apart from mucking around rather ineptly. As I have it, the Board can simply ignore them.

[ladybird1] 11/9/2019 07:44

Difficult to see what the dissidents hope to achieve now. They lost at the EGM. It may be that an agent failed to block a crucial block of shares. That is not the Company's responsibility. They have carried out their legal duty. As they note in their response to the EGM request, further pursuit of a further EGM on the same motion is - however unfortunately - just 'vexatious'.

The Board have also made their position totally watertight by conversion of the loan to their maximum possible shareholding.

The failure to date the latest requisition to the Board perhaps rather neatly sums up the competence of the dissidents. Time to move on.

[willoicc] 10/9/2019 14:23

Something is wrecking the width of the text on this BB and I suspect it is the long links in the header.

Try using tinyurl.com - please

[hooops] 10/9/2019 14:18

From the web - definition  

Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. NPV analysis is a form of intrinsic valuation and is used extensively across finance and accounting for determining the value of a business, investment security, capital project, new venture, cost reduction program, and anything that involves cash flow.



From the report 

Mid case NPV from the smaller site tonnage figures £39.8m 


Current Co valuation circa £1m , looks like a great value creator !!

[sirianbotham] 10/9/2019 13:18

Something to read and comment upon makers a welcome change from months of speculation based on no information

[sirianbotham] 10/9/2019 13:17

very comprehensive and interesting

[hooops] 10/9/2019 11:44

hxxps://www.karelianshareholders.com
updated

[lazygun] 10/9/2019 09:42

Buys coming thru now...

L.

[rbonnier] 09/9/2019 21:57

Yes hopefully we will see an update soon on the shareholders website not updated since 26th July .

[lazygun] 09/9/2019 19:25

Looking again at the 12 month share price performance, if the prof and directors are deemed to be a concert party, and the requisitioners push that, then I believe the prof and co would then be forced to make an offer for the company, which would then put a floor under the company of 4.25p which is the highest price it traded at during the last 12 months (not including the intraday high recently which I think went to around 4.4/4.5p).

(Having said that, I don’t think the prof and the directors would have the collective funds to be able to afford to make a bid, so in such a circumstance, would they then have to sell done some of their holdings?).

Interesting times.

assuming the latest egm request is treated as valid, that would suggest an RNS around the 23rd September declaring an egm date somewhere around the end October.....

So not long...

Hopefully we’ll see more updates from the shareholders website...

L.

[lazygun] 08/9/2019 23:38

4p placings with the price at 3.15p in my book can only be a good thing.

1) supports current share price
2) helps the Kdr balance sheet as it removes/reduces the debt on the books
3) Conroy has in part now shown his hand
4) to me at least suggests that Kdr my be finding it increasingly difficult to raise finance. (Remember, peel hunt and davy&davy have both dumped their stakes earlier this year).
5) taking account of known significant holders stakes, I reckon there is probably only about 8 or9 million free float out there (maybe less since some of that will be in other non-significant shareholders hands).
6) Conroy adding to his stake won’t harm the share price since he’s unlikely to dump stock since doing so will lose him money, and voting power
7) the conroy concert party must be very close to the 30% limit now, so their ability to manoeuvre from further share purchases/debt conversions/placings where directors take part in is much much more restricted than the egm requesters (the 4 of them only have collectively around the 17% mark), so plenty of headroom for them to make more purchases....
8) further share placings are likely to be at the 4p mark minimum now, Given that both of the last two were at this level, I reckon the nomad has likely had a hand in laying down the law as to what would be considered fair and reasonable....
9) if we were going to see a big sell off in stock, it would have been after the egm. It’s been over a month, and aside from the 1.5-1.8 million shares traded on the 26th July, the majority of trades since that day have been purchase rather than sells.
10) how likely is it that Martello/Thomas Anderson will want to put more money in, given he’s already nearly £25 grand down on his last investment? He might have a long standing prior association with Brendan mcmorrow of Kdr, but as a successful businessman, is he going to want to stick more money in only to find the value of his investment decrease immediately by 25%? I’d suggest he would probably be thinking twice at least before committing more money on that basis....

I said a few times that the lack of a sell off suggested strongly that the story was far from over, and now we have a 2nd egm request....

I still believe that there is a stock squeeze coming.. but I’d agree it would be based purely on demand for the stock, and the possibility of new mgt making a change in the company, rather than company fundamentals though....
L.

[rbonnier] 08/9/2019 12:42

Is Conroy able to convert the remaining debt to shares ? I think this would take the concert party to over 30% so maybe not .I think Conroy has done about as much as he can to try and keep control apart from another dreaded private 4P placing to raise more funds thats what worries me.

[sirianbotham] 07/9/2019 23:41

Plenty of time yet Cats. Knock it off with them negative waves. Why hasn't conroy converted all that debt to shares? It's despicable really but hey ho this is what we are up against. A man who blames shareholders for the companies dismal performance. I'm not expecting miracles and I'm aware of the risks but I do expect the company to at least attempt to deliver some shareholder value and won't apologise for pointing out abject failure in that regard to date.

[catswhiskas] 06/9/2019 20:56

There have been 314644 sells since Conroys debt capitalisation RNS confirming he has acquired a further 4.7% of the issued share capital and stoped the buyers in their tracts.Another private placing at 4P to raise another £100K and its game over unless the rebels are able to buy 10% on the open market which looks almost impossible down here there is no liquidity.

[lazygun] 06/9/2019 14:32

1 sell trade does not a selloff make cats...

L.

[catswhiskas] 06/9/2019 13:30

What a sad and sorry state of affairs this has sunk to.Punters taking the mere crumbs left on the table at 3.1P
No news from Conroy Rebels havnt updated their web site .
All makes no difference at all as the result last month wont be over turned as the rebels don't have the votes required.
All seems like a complete waste of time and money a bit like holding this but that's probably why folk are selling out.

[lazygun] 04/9/2019 00:34

It doesn’t make any real difference in my view.

A 2nd egm I think is always going to cause a buying spree from both sides.

The prof in my opinion is backing himself into a corner.

The amount of shares under his control now, together with the rest of the directors is going to put them extremely close to 30% of the outstanding shares - Ie a concert party.

The egm requisitioners by my calculations have a lot more headroom to increase their hold8ngs, and don’t forget the whole issue around Halifax sharedealing . Much of the voting power held under their name it’s been claimed by the egm requisitioners weren’t apparently sent to the registrar, and I’m sure I’ve seen somewhere that a figure of around 3 million shares was associated with it.

Given the egm requisitioners had been involved in progressing that issue, I think there is every likelihood that a good portion of those shares would have gone in favour of the proposals... assuming those holdings remain, and there hasn’t been really enough trading since the egm to suppose otherwise, they could play a significant role in a new vote....

I’m still very confident that the price is going to go north in the next couple of months...

L.

[catswhiskas] 03/9/2019 19:11

Now wait for the price busting RNS that makes the shares a lot more expensive as Prof invites the Rebels to put their money where their mouths are .If you want control then so be it but will cost you .Prof will now want the share price up now hes got the shares for 4P so I wonder what the plans are for that.

[hooops] 03/9/2019 19:04

Dr. Sorca Conroy: 1,143,165 (3.09%)

So today issue mean Sorca no longer a major shareholder?

[bageo] 03/9/2019 18:58

If the Prof had issued himself these shares after the last EGM that would have been reasonable. To issue them the day after this EGM request seems very like posion pills that were common in the bad old days.

Value maybe "fair" according to nomad but is the process?

[hooops] 03/9/2019 18:09

unassailable!!
Lol
Own goal to show his hand this early.
Neat solution 🤪🤔
Sounds like someone familiar

[catswhiskas] 03/9/2019 17:40

No ones unassailable although clearly some didnt like todays news and sold immediately.Bit early to sell for peanuts with a recent 4p placing and todays debt conversion at 4p and the rebels have at least 2 months to figure out their plans .