UK 15:37 Sunday, 25 October 2026
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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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Comments
Andrea Gonella
Given serial non-delivery of both revenue and profits the professor is very open to accusations of running a lifestyle company.
Especially so in the case of CGNR where the mine is ’3 years out’ since more than 10 years and where no revenue has been generated since listing (c. 20 years now).
Tom Winnifrith
Andrea
I cannot think how I could run a case for the defence against the accusation that you make
t
Andrea Gonella
contrast ratio betw. salaries, pensions, fees, expenses, etc v total spend or operational spend and it gets even worse.