Dianor Resources Inc V.DOR

Stockwatch-June 26/2012

[heavymonzy]

"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."

[yoshka2000]

NOW THE TRUTH IS STARTING TO COME OUT. INABILITY TO PRODUCE,CAN'T GET A BULK SAMPLE,AND CAN'T GET BACKERS.HMMMMM, BUT KNOW HOW TO SUCK MILLIONS FROM SHAREHOLDERS? THEY MIGHT HAVE KNOWN LONG AGO THE VIABILITY OF THE COMPANY AND THAT IS WHY THERE HAS BEEN NO NEWS. WHAT IS THERE FOR THEM TO SAY,.......THANKS FOR THE MILLIONS?

[freewest]

that's it , it's not coming back , watch them re-organize under a new company , it's done all the time . feels like a scam does it not ?    

[yoshka2000]

You are saying,the shareholders were misrepresented by, the Co. and it's CEO's and that they had NO intention  at an early stage of going ahead with the testing of the grab samples, because, they must have known that it would negative results? Sure there are,diamonds and rubies,ect. chit even gold. I think, low grades,spread out over a large area and not feasable for any mine and they

[yoshka2000]

285 reads lol, not one person got anything to say? Now what's the next step if DOR goes back to trading, a reverse split once more?.....LOL...Glad I didn't have too much ridding on this dream but, to me it's still a lot and peed off.

[antero]

yoska there is not much to say.  Nothing good can come out of this situation .  My guess is delisting will come next.  I find it unbelieveable that all this is happening and the ceo has not addressed  the shareholders whatsoever. Perhaps ryder knows what he is doing and things will fall into place  but i have no reason to believe that and have no reason to trust that