Stockwatch-June 26/2012 "John Ryder and Daniel Duval's moribund (and suspended) Dianor Resources Inc. (DOR:
.01) will not resume trading until it files its missing annual financial report. Unfortunately, it cannot file the report until it pays its auditors and cannot pay its auditors until it raises cash. Mr. Duval, Dianor's chief financial officer, says he is "working on it presently," but his work so far has generated nothing more than a good discussion. Nevertheless, Mr. Duval hopes to raise enough cash to file the report in another couple of weeks. (Completing the report should not be easy, since Dianor managed precious little exploration or other activity over the past year.) Dianor needs $50-million to complete a big bulk sample of its Leadbetter diamond deposit near Wawa, but aside from two deals that were mathematically impossible to complete, Mr. Duval and Mr. Ryder have been unsuccessful in finding credible backers. "For our side we did all the things we were supposed to do," says Mr. Duval, but it has been "really hard to get interest" given the fragile state of the economy. Leadbetter's modest grade and its inability to produce large diamonds so far are also major reasons for the lack of interest in Dianor."