KDR

Karelian Diamond Resources PLC

Basic Resources First-pass screen £1.77m

160/1000 Overall fit

AI beneficiary 35% 10

Operating leverage 25% 18

Valuation 25% 28

Downside protection 15% 10

First-pass take

Pre-revenue diamond and minerals exploration company with zero AI/ML exposure; severe cash constraints (€40k cash vs €1.9m current liabilities); relies on director forbearance for €1.6m of liabilities; auditor flagged material going-concern uncertainty; share price collapsed 78% YoY.

Flags

loss-makinggoing-concernexploration-stagenegative-working-capitalminimal-cash-runwaydirector-forbearance-dependentno-ai-exposureshare-price-collapsecontinuous-fundraising-dependencyheavy-dilution