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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Metals & Mining Industrial Metals & Minerals
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

Mountain Province Diamonds Inc
Bullboard Posts
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(3)
•••
Post by diamhunteron Sep 02, 2018 9:55am
160 Views
Post# 28554107

Reason for Share Price Weakness

Reason for Share Price Weakness
Owner Name Date Shares Held Change (Shares) Change (%) Value (in 1,000s)
MACKENZIE FINANCIAL CORP 06/30/2018 3,807,000 (143,000) (3.62) 7,808
ROYAL BANK OF CANADA 06/30/2018 3,181,958 (5,744,003) (64.35) 6,526
COMMONWEALTH BANK OF AUSTRALIA 06/30/2018 1,658,626 (1,664,056) (50.08) 3,402
PRUDENTIAL PLC 06/30/2018 1,392,406 (43,294) (3.02) 2,856
INTACT INVESTMENT MANAGEMENT INC. 06/30/2018 662,300 (71,100) (9.7) 1,358
SENTRY INVESTMENTS CORP. 03/31/2018 442,600 (329,400) (42.67) 908
SPROTT INC. 06/30/2018 324,418 (7,132) (2.15) 665

Above is a summary of 2nd quarter institutional selling. THIS is the reason for share price weakness. Institutional holders have lost trust in MPVD because of KDI deal and are liquidating their entire positions. Weakness will persist until they are out - and will then continue as investors stay away from this company. Trust will not begin to return until we see a change in board givernance practices, starting with a new INDEPENDENT chairman. 
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