Karelian Diamond Resources Share Discussion Threads

[lazygun] 19/10/2019 10:22

Looking at the numbers, debt has been converted by the prof. Good as it removes debt from the balance sheet. The additional shares of course take him closer to concert party threshold. Remaining debt conversion would definitely put that over the 30% limit, moreover, concert party threshold exists at all times, not just during a specific corporate action period.
The additional fund raise also puts another £150k onto their balance sheet - also good.. but what can they do with it?

So, where else do they go from here? TA/Martello holdings - the amounts invested here can’t possibly be directed to any meaningful development work of the assets on kdr’s Books.

There is I feel strong arguments to conclude the timing/size of these amounts can only be about influencing the outcome of the egm's. After all, who would agree to such placings at a time when those associated voting rights are going to be so crucial to the outcome of the resolutions, unless you already know which way the voting rights will be used at the egm? The current board seem highly committed to retaining control, so would you give voting rights to someone unless you knew for certain which way they’d vote beforehand?

But, the question remains - how much more would TA consider putting into KDR? The consensus opinion would seem to be anywhere between £500k and upwards of £2-£3 million to properly progress and develop the assets in Finland. Is TA likely to pony up those sorts of sums? And at 86/87 yrs old, how much longer will the prof be able to keep going, and who will succeed the prof when he chooses, or is forced to retire, potentially because of the onset of future failing health issues (assuming he’s not already dealing with some of those now?). In fact I also heard that Mr. McGuire at the meeting yesterday apparently seems to be of rather advancing years himself....

where next for this KDR saga? Interesting to note that following the result, there still doesn’t seem to have been much of an exodus. Last time nearly 2 million shares dropped the same day. Yesterday, only 150k dropped...

Seems to me the egm requisitioners remain committed to the fight to see KDR successfully commercialise it’s assets. Question is - does the current board?

L

[witchywoo] 19/10/2019 09:47

as i sat in the EGM yesterday I had a brief moment where I thought I was in a care home. I would laugh, but it was all rather tragic in reality.

Shame we lost, but this is a 'family' run business, and they will do everything they can to keep it that way.

If they continue to lock out shareholders, withold information, refuse to release any kind of plan then I would expect more shareholder action down the line.

Of course, if they do sort things out then they might, just might, get support from their shareholders.

Ball is in their court IMHO, how they play it determines all our fates

[cpap man] 19/10/2019 08:57

KAV

By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!

[rbonnier] 18/10/2019 19:50

Lazygun / Hoops I dont think there is anything further the Requisitioners can do apart from laying down their swords this evening .

[hooops] 18/10/2019 19:18

This is far from over.!!Romney joe
Until the company deliver good news/results

[hooops] 18/10/2019 18:39

Ok Jones.
K
M
S
C
Who ever .
You know TA ?

[robemy] 18/10/2019 18:35

I'm intrigued as to why you call me Jones, who do you think I am? And no, never met this Anderson or Martello company so can't help you there.

[lazygun] 18/10/2019 18:32

Looking at the numbers. It does seem like the additional shares converted by the prof and the additional TA shares swung it for the incumbent board.

But still, even though the board has survived the vote for a 2nd time, how much more can they achieve without a sizeable finance package.

And of course any package if it’s equity based will inevitably dilute, and destroy the share price - this will affect the incumbents as well as the egm requisitioners alike. I see little point in that. I’m hearing numbers ranging from around circa £500k, all the way up to £2-£3 million or more..... who is going to step in with those kinds of numbers?

Still feels to me like this story is far from over. The requisitioners not likely to give up at this stage, the incumbents similarly.... and given the prof’s advancing years, i’d Say time is still very much against him

Looking forward to the next chapter in the saga of board control for Kdr...

L.

[hooops] 18/10/2019 18:30

No Jones
A kick up the company backside. !!
They done a brilliant job of that without our help.
Ask Anderson you know him better then your letting on.
?

[rbonnier] 18/10/2019 18:00

The Requisitioners should of got an order to prevent Conroy placing shares and then bought 15% on the open market and tonight they would of been the directors .

[robemy] 18/10/2019 17:52

So, what has this achieved? Nothing, apart from us all being diluted and delayed, this is all on you hoops and co.

[hooops] 18/10/2019 17:44

Don't forget the company probably paid Business class for Sorca from USA
Bird from Canada
Tea party and fry legal costs.
???

Must have spent Anderson 50k already??
Bank back to near 0 !!
Who will cough up next 50/100k
???

[sirianbotham] 18/10/2019 17:14

Counterproductive. Right us plebs should just roll over and suck it up. Sorry I forgot.

[sirianbotham] 18/10/2019 17:03

Lost due to a lack of £150k and a system that perpetuates lifestyle companies.

[equalvoice1] 18/10/2019 16:56

The fact that there is no sell off means that the losers of the EGM actually believe that their investment will come good I suspect. They probably know that the existing board will deliver shareholder value.

As robemy said it all appears to have been vexatious. I would add opportunistic and disruptive. The winning margin was very substantial this time. Maybe now KDR can actually move forward without these childish games delaying progress. The EGMs have become boring because you just know every time an EGM is called shareholders are guaranteed no news or progress for that period.

These EGMs are just counterproductive. They encourage delays and dilutions. I just hope the requisitioners are more gracious in defeat this time than the last time.

[sirianbotham] 18/10/2019 16:54

Maybe. Maybe not.

[rbonnier] 18/10/2019 16:31

They will sell on Monday .

[hooops] 18/10/2019 16:22

No sell off either.
Hmmmmm

[hooops] 18/10/2019 16:16

Well all we can conclude Anderson was advised
Of future news for his investment???
Or it's a return of a never ending episode?
About Time this company perfomed.
!!

[robemy] 18/10/2019 16:00

Almost vexatious?

[rbonnier] 18/10/2019 15:55

Lost by over 20% as i said the campaign was a complete waste of time and money

[babbler] 18/10/2019 15:53

Egm resolution failed. Again.