NYSEAM:DDC - Post by User
Post by
arlekinoon Jul 17, 2017 1:52pm
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Post# 26477433
Mountain Province Diamonds is next takeover target
Mountain Province Diamonds is next takeover targetMountain Province Diamonds is next potential takeover target.Gahcho Kue is the world's largest and highest-grade new diamond mine.Mountain Province Diamonds is a 49-per-cent participant with De Beers Canada in the Gahcho Kue diamond mine located in Canada's Northwest Territories. Gahcho Kue consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 34.88 million tonnes grading 1.57 carats per tonne for total diamond content of 54.64 million carats. To fund part of the consideration payable in connection with the Arrangement, Washington has obtained fully committed debt financing led by Credit Suisse with Citi, UBS Investment Bank and Natixis acting as joint lead arrangers Serious lenders, financial backers are behind this deal. MPVD share price is down for a reason!!!!! Do not forget that MPVD using Diavik mine rough facility in Yellowknife to sort rough diamonds.