Larry_the_Lock
11 May 2018
Still rising 2nd day now, hmm what's afoot ?
Larry_the_Lock
10 May 2018
RNS Hmmm more buying into the company, something moving at last?[link]
Larry_the_Lock
10 Feb 2018
Re: Any News? Don't forget the agreement and option with Rio Tinto, when they find the "motherload", this will go like a rocket imho hence my adding this week ! GLA
LexiPexi
09 Feb 2018
Re: Any News? better hurry! Well well,but the professor better hurry as the quality of the synthetic diamonds are getting very near the real thing.What a waste it would be that if he finally found the source that diamonds are an outdated relic!!LP
Larry_the_Lock
08 Feb 2018
Re: Any News? Well I never, have added, well you never know in the Diamond Business !
changeling
23 Dec 2017
Re: Any News? Nasty old share consolidation. See the prof, is applying lipstick but until he actually does anything it's still a porkerStill at least he can carry on with the regular placings like the one just done at CGNR and start re expanding the shares in issue again but meanwhile for the unwary...........
Larry_the_Lock
18 Dec 2017
Re: Any News? Up 20% ?
changeling
15 Nov 2017
Re: Any News? AIM-listed Karelian Diamonds (KDR), like fellow AIM-listed Conroy Gold and Natural Resources (CGNR), is run by the good Professor Richard Conroy. Tom Winnifrith has exposed a pretty gruesome histoire at Conroy, but what about its little brother?I note also that Karelian – just like Conroy – is being delisted in Ireland. I wonder why… Last year Karelia released its full year results (to May) on 17 November, so I reckon the numbers are due this week. In any case, they have to be released by the end of this month or it will be suspension time. Incidentally, last year’s results came with the announcement of a capital reorganisation – for that read a split of the shares into one ordinary of a reduced nominal price and one deferred: the price had slipped below nominal so the company couldn’t get a placing away.In the run up to this year’s results we have had three ramptastic RNSs in the last four weeks: Promising New Exploration Data (which seemed to indicate they might be getting close to the diamond source), Exploration Permit Granted (woohoo….) and Kuhmo Diamond Discovery Update (which identified a work programme to find the diamond source for a diamond they found way back in January). All in four weeks. Before that there were just a handful of RNS going back to March.So is the company on a propaganda-fest? With audited annual results coming up and associated Going Concern issues? Surely not!At the half year, Karelian reported a loss of only EUR 117,056. But the cashflow showed an outflow of EUR 292,513 to leave just EUR 49,224 of cash in the bank. That’s a bit tight…especially when the balance sheet shows EUR 210,727 of current assets somewhat dwarfed by current labilities of EUR 545,233 (all trade and other payables).The company did do a placing in April which brought in EUR 914,500 and a further EUR 505,000 the previous December so perhaps EUR 1.35 million after expenses came in. But those interims were to November and we know that the company ploughed through EUR 292,513 in the six months to then.It is now almost a year on from there, so might we assume a further, say, EUR 600,000 out of the door? Knock off the net current assets of MINUS EUR 334,506 and we are looking at a black hole of EUR 934,000 or so. Taking the placings into account, and the pocket change left in the bank at the last half year and you might have total cash of EUR 465,224. The problem is that for an unqualified Going Concern signoff the company needs twelve months funding and at the last count that looks more like an annualised rate of around EUR 600,000. In other words Karelian needs a placing.With its annual results due in about two weeks maximum, that suggests there is a discounted bucket-shop fundraising heading this way and very soon. It also casts the last three ramptastic RNSs in a less than dignified light, as an attempt to suck in new buyers and get the share price up. With all the shenanigans going on with Conroy, how easy will it be to raise perhaps EUR 200,000 for Karelian – especially with a market capitalisation of only £2 million?You have been warned….
Larry_the_Lock
27 Oct 2017
Any News? Not so much as a peep! Wish they would give us something !
Discusser
19 Jul 2017
Getting exciting see advfn for active discussion including hearsay from the recent AGM. Seems to be coming to some sort of head.
kicky
29 Jun 2015
was it not karelian gold and diamonds before,then their other co conroy gold took over the gold exploration,now its karelian diamonds
UphillStruggle
10 Jun 2015
Looking increasingly like a possible mine Well today there was good news that a further 5 pits have proved a kimberlite extension over 250m at sometimes 2 meters in width with another possible kimberlite pipe... Fingers crossed that the samples prove to contain those Lady Rocks... In my opinion still a good speculative purchase which seems to get better as time goes on.
kicky
05 Jun 2015
there must be an rns due shortly,conroy gold released one on the 3rd and they usually happen around the same time
kicky
28 Apr 2015
i think the prof is still very confident.....there was so much publicity after last news,i think he would have played it down a bit if he was`nt so confident..come on prof the suspence is killing us
kicky
28 Apr 2015
does anyone know how long the lab takes normally to do the test for diamonds,they already have established that the other minerals etc are in it just to find a diamond or two....
