Keyword results: KDR

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Prof. Conroy Red Flags at Night #2: Conroy Gold and Natural Resources FY Numbers at 6pm!

Like its AIM-listed little sibling Karelian Diamonds (KDR), fellow AIM-listed Conroy Gold and Natural Resources (CGNR) has had six months to release its FY numbers and waited until no-one-is-watching o’clock on deadline day to admit the grizzly truth. But luckily once again ShareProphets was indeed watching.

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KDR
PREMIUM CONTENT

Prof. Conroy Red Flags at Night #1: Karelian Diamonds - FY numbers at 6pm!

AIM-listed Karelian Diamonds (KDR) has had six months to release its full year numbers to the end of May. For a company with no income and operating expenses of €447,000 one can only wonder why it took a full six months to get the numbers out – but the Red Flag of releasing them after everybody in the City has gone home is surely a warning. And so at 6pm last night came the results RNS – no-one-is-watching o’clock. But ShareProphets was watching…..

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KDR
KDR

Karelian Diamonds – £0.42m placing at a whopping discount & still how’s it going to pay for any exploration?...

AIM-listed Karelian Diamonds (KDR) – the junior sibling of Conroy Gold and Natural Resources (CGNR) – has announced a placing to raise £420,000 at 4p per share, a whopping 24% discount to yesterday’s closing price. That’s all very well, but by my maths it still leaves the company technically insolvent…

KDR
KDR

Karelian Diamonds – Vehicle access rights, but there’s no money to actually explore!

AIM-listed Prof. Conroy lifestyle outfit Karelian Diamonds (KDR) offered up some good news this morning in that it it has secured vehicular access rights to its Lahtojoki diamond project. Well, it would be, but Karelian hasn’t any cash to spend on exploration so why the shares are up 24% is a mystery.

KDR
KDR

Karelian Diamonds – ludicrous ramp falls flat: is there an attempted placing on the way, perchance?

AIM-listed lifestyle company Karelian Diamonds (KDR) has issued what must be the most ludicrously ramptastic RNS this morning. It is, and has been for ages, technically insolvent and yet this morning it has issued a statement telling the market that it has been granted new diamond exploration reservations in Finland. Given that it has no money, or at least it has negative net current assets last measured at MINUS EUR 1 million as at last November, what’s the point? It can’t explore what it already has!

KDR
KDR
PREMIUM CONTENT

Karelian Diamonds – Damning Email to the company: I Smell a Rat

I have already covered the Interims from AIM-listed Karelian Diamonds (KDR) and the misleading statements within. But it seems I am not the only one who is concerned that investors are being led up the garden path with the acquiescence of Nomad Allenby, for an email has come into my possession which appears to question the validity of the statements offered up.

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KDR
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Karelian Diamonds – Interims from second Conroy vehicle…..guess what?! And what was the Nomad smoking when signing this B***S*** off?

I covered technically insolvent Conroy Gold and Natural Resources’ (CGNR) interims and came to the obvious conclusion that it was technically insolvent. Yesterday its sister company (with largely the same management), AIM-listed Karelian Diamonds (KDR) followed with its own half-year numbers and guess what. But the statements are just unutterable tripe which, I suggest, are intended to mislead.

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KDR

Karelian Diamonds – is this the most bonkers deal ever?

As has been pointed out on numerous occasions on the website, AIM-listed Karelian Diamonds has a balance sheet in a complete mess and I reckon it has been techinically insolvent in that it has negative net current assets for an age. Not only that, like Conroy Gold and Natural Resources (CGNR), it is run by the goodly Professor Conroy, has money owed back and forth between the two, used to be part of Conroy anyway, shares its head office, has been under attack from disgruntled shareholders (twice) and has little to show for its existence. So today someone has ponied up £240,000 to keep the lights on. Nothing surprising there – this is AIM, after all – but the price is surely bonkers!

KDR
KDR

Karelian Diamonds – it’s beer and popcorn time again as requisitioners return for round 2

I’ve made no secret that I view AIM-listed Karelian Diamonds (KDR) as a lifestyle company, as per its big brother (and under largely the same management), AIM-listed Conroy Gold and Natural Resources (CGNR). Both have achieved very little, both have balance sheets in a total mess and shareholders in both have endured massive shareholder value destruction over the years. In July a group of shareholders forced a sack-the-board EGM but as per CGNR last year, the vote went against them. Now they are back for round two.

Bearcast
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Tom Winnifrith Bearcast: Rule 1 of AIM, you cannot beat Professor Conroy

In today;s podcast I discuss how the Mrs has fallen victim to the fascists of the North Wales Police, Karelian Diamonds (KDR), ASOS (ASC), Eve Sleep (EVE) and Sosandar (SOS).

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KDR
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Karelian Diamonds – settlement issues: more shenanigans on the AIM Casino

I noted yesterday that AIM-listed Karelian (KDR), of the Conroy stable, had issued £100,000 worth of equity following a subscription. Since then, two directors bought in the market but word has reached Deputy Sheriff Towers of settlement issues. With a sack-the-board EGM coming up next Friday this looks a mess: will the shares have to be suspended?

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KDR

Shenanigans at Conroy Gold and Karelian Diamonds

Two RNSs yesterday from AIM-listed Conroy Gold and Natural Resources (CGNR) and its under-fire little brother, AIM-listed Karelian Diamond Resources (KDR), raised my eyebrows...

KDR
KDR

Karelian – the sack-the-board battle hots up

I noted a couple of weeks back that it was beer and popcorn time at Prof Richard Conroy’s smaller lifestyle enterprise, AIM-listed Karelian Diamonds (KDR). The battle is hotting up nicely...

KDR
KDR

Beer and Popcorn time at Karelian Diamonds

Oohhh goodie! It was announced on Friday morning that AIM-listed insolvent POS Karelian Diamonds (KDR) had received a EGM requisition to sack the board……but due to a technicality the requisition received was not valid. However, on the expectation that another is on the way minus any technicalities causing problems, it looks as though the Prof Richard Conroy soap opera is set to take another turn.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: who has been daft enough to send me a fascist lawyers letter

Someone wants to gag the free press and has sent me a fascist and ludicrous lawyers letter. But who wants to suffer the curse of the Sheriff? make your guesses in the comments section below. It is not Neil Woodford but I discuss his woes, I look at Karelian Diamonds (KDR) and offer to back those wanting to sack the board, comment again on BlueJay (JAY) and its porky pie and look at results from Audioboom (BOOM). Finally, my cats are now showing their teeth as trained vermin killers.

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Conroy Gold and Natural Resources – Interim drivel and a balance sheet from hell: SELL

With its sister company, Karelian Diamonds (KDR) having published interims a couple of weeks back showing balance sheet in all sorts of trouble, this morning Conroy Gold and Natural Resources (CGNR) took its turn – where we find the same problem, and some class comedy from the good it’s the way I tell ‘em Professor.

KDR
KDR

Karelian Diamonds – “Great Pleasure” in presenting Interims justified? Er, no…….SELL!!

This morning AIM-listed Karelian Diamonds (KDR) - the Prof Conroy sister to Conroy Gold and Natural Resources (CGNR) - offered up its Interims to the end of November. Prof Conroy was pleased, but should shareholders be enthused?

KDR
KDR
PREMIUM CONTENT

Karelian Diamonds FY18 numbers: on death watch too, very bad read across for Conroy Gold

Yesterday it was the turn of AIM-listed Conroy Gold and Natural Resources (CGNR) to show that it is one tiny little centipede step from insolvency. Today sister company, AIM-listed Karelian Diamonds (KDR) took advantage of a good day to bury bad news and followed suit – and my conclusion is the same. Indeed, for Conroy Gold there is another worry here which could bring its life to an early termination. My view is that both are stand-out sells and here is why...

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KDR
PREMIUM CONTENT

Karelian Diamonds – 500k placing at 4.5p: it’s not enough – when’s the next placing? SELL.

AIM-listed Karelian Diamonds has, as I predicted HERE, HERE and HERE, announced a placing to raise £500,000 before costs. At 4.5p, that is a discount of just over 30% to last Friday’s closing mid-price. Ouch! When I first commented on the lack of cash last November, the shares were 0.375p (mid) before they were consolidated (so they were 9.375p in today’s money): I think that means it’s time for an ouzo or two over at Deputy Sheriff Towers!

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KDR

Karelian – oh dear! With Beaufort gone, who will do the placing?

AIM-listed Karelian Diamonds suddenly seems to have a bit of a problem. Its broker, Beaufort Securities, is now in administration and deemed (by the FCA) to be insolvent. But Karelian has a big hole in it’s balance sheet, as explained HERE.

KDR
KDR

Karelian Diamonds – Interims: when’s the placing, and what about related party payments?

Yesterday the good professor Conroy’s elder child, AIM-listed Conroy Gold and Natural Resources (CGNR) released its interims to last November and it needs cash. Today it is the turn of little brother, Karelian Diamonds (KDR) and the picture is no better. And as you shall see, there is an air of one insolvent partner funding the other. At least, that’s how it looks. And I wonder about the maths….

KDR
KDR

Karelian Diamonds – a lesson in reading RNSs: You've been spoofed - when’s the placing?

AIM-listed Karelian Diamonds (KDR) rather bucked the trend yesterday when it put on 10.6% on a day the markets were again sinking. We all know Karelian needs a placing urgently, to keep the lights on. So what caused the rise? Oh, hang on, there are three RNSs which were released just after 3.40pm – and they are all good 'news', except for one small detail…

KDR
KDR

Karelian – house broker “very excited”. What for - placing commission?

Prof. Richard Conroy's AIM-listed Karelian Diamond Resources (KDR) is apparently making house broker Beaufort Securities “very excited”. Obviously that is entirely because of the company’s ramptastic RNS (which saw the shares fall - why might that be?), and nothing to do with its train-wreck of a balance sheet and the bail-out refinancing it needs. No, it is not because Beaufort can see a nice commission cheque on the way.

Where now for Conroy dogs Karelian and Conroy Gold?

I’ve been wondering what comes next for Prof Richard Conroy’s AIM vehicles Karelian (KDR) and Conroy Gold and Natural Resources (CGNR). From my review of their financial results to May of this year (see HERE and HERE) it is clear that they are both in deep trouble – they are running out of money fast and the results to last May show that quite clearly. Lord knows how bad it is now.

Conroy and Karelian lifestyle companies produce results in a sea of Red Flags. 2: Conroy

Yesterday I described the FY17 results of Karelian Diamond (KDR) and a series of Red Flags to be found. Today we look at its stable-mate, AIM-listed Conroy Gold and Natural Resources (CGNR) and find a similar story. It is a car-crash festooned with more Red Flags.

Bearcast

Tom Winnifrith Bearcast: having a rant at Andrew Monk, City brokers, Bushveld & Conroy

I start with a few comments on the thoughts of top broker Andrew Monk who is normally bang on the money but on a couple of recent points wrong. Then it is onto Conroy Gold & Natural Resources (CGNR), Karelian Diamonds (KDR), Fishing Republic (DOG), Bushveld Minerals (RAMP) and ITM Power (ITM).

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KDR
KDR

Karelian Diamonds – like Conroy, is it placing ahoy?

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?

Bearcast

Tom Winnifrith Bearcast - The great ladies man David Williams not that bombastic prick from Avanti

Getting my excuses in early: if I make any errors it is because I cannot see properly for reasons I explain. I then look at Aortech (AOR), Eden (FRAUD), Aurum Mining (AUR) as in David Williams, Karelian Diamonds (KDR), Falanx (FLX),  in real detail FastForward (FFWD), another hugely overvalued ramp in which my good friend Jim Mellon is involved and finally Hotel Chocolat (HOTC) where I have misgivings. For photos of chocolate as art taken by me on Monday go HERE

KDR
KDR

A fresh gleam in Karelian’s eyes

Professor Richard Conroy, the mellifluous former Irish senator who chairs Karelian Diamond Resources (KDR), must be one of a handful of company chiefs just now to welcome the presence of powerful Russian interests virtually on his doorstep. Yet the company, which he separated from his other public company with an AIM float nine years ago, is probing diamond prospects in the Finnish part of the extensive Karelian craton (a potentially diamond-bearing geological formation).

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