Karelian Diamond Resources Share Discussion Threads

[rbonnier] 22/10/2019 10:20

Currently

Sell 1K at 2.1
Buy 250K at 2.25

😂😂😂😂8514;😂ԅ14;😂😂;

[rbonnier] 21/10/2019 14:35

It was a delayed sell from first thing this morning that caused the tumble so they will have taken a big discount on price.

[ladybird1] 21/10/2019 14:31

You think it was a sell, Bonny? I can't imagine the mms. would take that size of a sell at this point without a big discount (unless, of course, someone is building a stake and they have an instruction to build for him).

[rbonnier] 21/10/2019 14:15

Who sold 531K at 2.2P

[hooops] 21/10/2019 13:49

Anderson must 70k down on 150k?

[escapetohome] 21/10/2019 13:21

DOWN!

And I aint buying!

[rbonnier] 21/10/2019 11:41

Yes it's going sub 1P

[hooops] 21/10/2019 11:17

Well done Richard and Maureen
Normal service resumes.?
Well done Anderson, own Goal?
Words fell

[rbonnier] 21/10/2019 11:07

Load of old drivel like everyone else this is collapsing now as expected as all hope fades.

[hooops] 21/10/2019 11:03

He well down on his 150 k already.

[hooops] 21/10/2019 10:53

Hope Anderson did hes research.?
He had two meetings with the opposition .
Unless he has insider info.?
Or told a load of old drivel???

[rbonnier] 21/10/2019 09:34

Hi Hoops

I was out last week at 3.1 when it was 100% certain the requisitioners had lost.This is going back to sub 2P with a possible very deeply discounted placing at 1.5 there is very little hope left imo apart from a JV

[hooops] 21/10/2019 09:07

Have u sold out Bonnie ?
Can't help feeling something coming to prove a point from Prof.
?
Alright I can dream can't I.
Lol

[hooops] 20/10/2019 16:39

In short it was like putting a rocket up a sleeping Dog's backside.
Unfortunately it's still a dog,but with a sore BUM.

[hooops] 20/10/2019 16:33

Tho hes good at repeats
Probably won't post again.
Under a stone?

[hooops] 20/10/2019 16:31

Robemy

What has this achieved?

- What was the share price before the first EGM request 2.25p and what is it now over 3p
- We have cleared some debt
- Raised £150k
- Secured the services of a diamond expert (at last)

In less that six months this process has delivered more value that the current BOD. As for dilution we have been diluted to the point of oblivion already and only been diluted further because the current BoD does not comment ordinary shareholder support. And if this hadnt happened where do you think all the money would come from for 7 director salaries and a few pounds for a couple more samples and claims (nevermind doing what they said which is build a mine). Watch out for the podcast on how they are in discussions with a partner or the renewal of the RIO agreement to bump up the price and then boom and other raise? Where else is the cash coming from ..... you tell me because all the BoD has done is TURN DOWN offers of cash to move this foward

You need to wake up and smell the coffee like the rest of us. Great prospects little chance of any return with the current incumbents running the company like a daycare home for retired directors.

[hooops] 20/10/2019 16:25

Robemy

What has this achieved?

- What was the share price before the first EGM request 2.25p and what is it now over 3p
- We have cleared some debt
- Raised £150k
- Secured the services of a diamond expert (at last)

In less that six months this process has delivered more value that the current BOD. As for dilution we have been diluted to the point of oblivion already and only been diluted further because the current BoD does not comment ordinary shareholder support. And if this hadnt happened where do you think all the money would come from for 7 director salaries and a few pounds for a couple more samples and claims (nevermind doing what they said which is build a mine). Watch out for the podcast on how they are in discussions with a partner or the renewal of the RIO agreement to bump up the price and then boom and other raise? Where else is the cash coming from ..... you tell me because all the BoD has done is TURN DOWN offers of cash to move this foward

You need to wake up and smell the coffee like the rest of us. Great prospects little chance of any return with the current incumbents running the company like a daycare home for retired directors.

[chrysos] 20/10/2019 16:16

Well at least what HAS been established is that to make any meaningful progress, as promised by both the EGM'ers and now finally by the incumbent board, the company needs around £3M for 2020/21.

This is based on the assumption that they conclude their current but never detailed activities such as "landowner compensation", actually start the resource work on Lahtojoki, follow up on all the other grass-roots projects that they have promised on, maintain the company as before and continue to pay themselves €300k a year.

I'm reliably assured that, just like being a little bit pregnant, you can't do a little bit of resource development, i.e. feeding in £150,000-200,000 in dribs and drabs won't cut it.

There are 40M shares at nominally 3p, and the board and supporters holding circa 17M (well that was the vote in their favour). They are going to have to issue up to another 100M shares in the coming years, leaving them with just 17/140 or 12% and the "new" investors with 100/140 or 70%.

Given their obsession with maintaining "control" I can't see them releasing that amount of equity, or RC dropping his personal stake to around 5% (7/140). Nor can I see any new investors ponying up £3M and letting RC have control of their money in a company where his equity is so greatly diminished.

Even being generous, and assuming they raise £1M at an average of 4p, a further £1M at 5.5p and the final £1M at 7p, that is nearly 60M new shares, leaving the current board and supporters with 17% of which RC personally at 7% and incoming investors with 60%.

So it's looking forward to lots small bucket shop placements for "working capital" where management also convert large chunks of their ridiculous deferred salaries and other "debt" and no serious work ever gets done, unless of course the likes of Martello are prepared to be a white knight and pump in some serious (and unconditional) cash then sit back for the ride. Either way the present shareholders are now looking at a further 250% (40->100M) to 350% (40->140M) hair cut.

And even then, this just gets the company onto the starting blocks to "bring in" a €20-25M mine. Oh yeah, and we have been hearing all about that at Clontibret for the last ten years...

When you have to get the begging bowl out, you can only run a company with the support, goodwill and consensus of the investors and shareholders, not by defying them, and RC only seems to have form on the latter. That or he takes it private and finally starts using his own money (or his mates') instead of repeatedly milking punters in a never-ending ponzi. Sometimes death is preferable to zombiedom.

GLTA

[sirianbotham] 20/10/2019 14:51

Robemy

What has this achieved?

- What was the share price before the first EGM request 2.25p and what is it now over 3p
- We have cleared some debt
- Raised £150k
- Secured the services of a diamond expert (at last)

In less that six months this process has delivered more value that the current BOD. As for dilution we have been diluted to the point of oblivion already and only been diluted further because the current BoD does not comment ordinary shareholder support. And if this hadnt happened where do you think all the money would come from for 7 director salaries and a few pounds for a couple more samples and claims (nevermind doing what they said which is build a mine). Watch out for the podcast on how they are in discussions with a partner or the renewal of the RIO agreement to bump up the price and then boom and other raise? Where else is the cash coming from ..... you tell me because all the BoD has done is TURN DOWN offers of cash to move this foward

You need to wake up and smell the coffee like the rest of us. Great prospects little chance of any return with the current incumbents running the company like a daycare home for retired directors.

[lazygun] 19/10/2019 17:20

Tho the board may have won this vote, they’ve had to resort to some pretty desperate tactics.

There’s only so many moves the incumbents can make before supporters for change in the company succeed...

Writing is very much on the wall.

L.

[lazygun] 19/10/2019 16:57

A delisting needs 75% of the votes which his team doesn’t have. In fact we’re he to attempt that he would almost certainly need more bpvotes himself, or some of his directors, in which case he’d then be in breach of concert party threshold. This would mean a requirement to then make an offer for the company at at least 4.25p (highest price in last 12 months).

Discounted placing? I suppose that’s more of a possibility, but I think if they could get financing they would have done it by now.

Maybe that’s part of howRd bird’s brief? Perhaps he has money contacts in Canada?

Last 2 financial institutions dumped their stakes - Davy & Davy, peel hunt. So not sure any other financial institution would be willing to...

Would TA pony up more dosh? Possibly. Discounted basis? Well so far the last three equity placings/conversions have been at premiums, so there is a sort of precedent set there.

Again, I come back to the age factor. Prof is 85/87. Mr. McGuire must be of a similar age... so who on the board is left to effectively run the company once they choose or are forced to step down?

Who would even want to invest here without having serious representation on the board?
L.

[hooops] 19/10/2019 16:43

The amount of monies required for lahtojoki Bonnie will only come from financial institutions if the company is serious about bringing in European diamond mine.
Minimum of 200/400 K just to aquire a second hand process plant and the operative plus additional plant?.
We need 2mil !!? Long term?
Bare in mind the local have closed the road ?
Not happy bunnies!

Imho

[rbonnier] 19/10/2019 11:55

A de listing is possible here or a big discounted placing .News wont be in the interest of shareholders it never has been and never will on this Gravy Train !

[witchywoo] 19/10/2019 10:57

there is no doubt at all that the timing/size of recent placings was to influence the EGM. I assume the NOMAD must have approved them, but it does little to improve shareholders / markets opinion of the Prof and co.

Saying that when did they ever worry about PR!!

Let's see how it pans out...