Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Dublin-based Karelian Diamond Resources (KDR) is enthusing about a new kimberlite discovery in the Kuhmo area of eastern Finland. The AIM-quoted company, for long unloved by investors, has seen its shares bounce from a 12-month low of 0.85p to 1.48p before easing back to 1.27p, well below their year’s high of 3.45p and 2005’s 5p float price, following the discovery of indicator minerals, such as garnets, near its Riihivaara target in Kuhmo, part of the wider Karelian gem Craton, straddling the Russo-Finnish border.
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