Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Post by slpskbon Feb 25, 2018 5:44pm
135 Views
Post# 27618075

email message I sent to the attention of David Whittle

email message I sent to the attention of David Whittle
I am sending you this email regarding the proposed purchase by MPVD of KDI at a share value level that is almost even. It seems ridiculous that a fully commercially profitable operating mine such as MPVD is the almost same value as an exploration company that has not proven itself. Between my spouse and I, we hold a fairly substantial amount of shares which we have been accumulating for almost 19 years in expectation of realizing a decent return in our lifetime. As well, we still hold a small amount of KDI shares. While following both companies on the stock exchanges over the years it appeared that KDI share prices seemed to be supported while MPVD share prices seemed obviously manipulated to keep them low. This recent announcement of purchase leads me to believe that all this was being done for the benefit of one large shareholder. You and your BOD have a fiduciary obligation to ALL of the shareholders not just the largest. I understand that both the Ontario Securities Commission and SEC have been asked to look at this deal. If my thinking of this is incorrect, I would appreciate a reply explaining why this purchase is so important to be done at this time. A Concerned Retail Investor, (signed with my actual name)
Bullboard Posts