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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Power33on Jun 14, 2022 8:58am
199 Views
Post# 34754502

RE:Debt renegotiation preventing MPVD to go up?

RE:Debt renegotiation preventing MPVD to go up?Dermot Desmond has reduced the bonds by 50m so 250m usd outstanding. Desmond is a huge bondholder but a much bigger equity holder. Desmond has invested 400m usd approx on to mpvd equity. I would hope that 100m usd of bonds can be discharged this year due to incredible rough diamond prices being achieved. I would be shocked  if remaining 150m usd if debts is not extended for another five years at 8pc. They will probably be fully repaid by end of 2023 if the diamond market continues to strengthen. These shares have a neat asset value today of 2.40 cad with zero value for kennady lands and gacho extension beyond 2030. They have a successful exploration program also ongoing. These shares should be 5 cad when bonds are extended in my opinion.
<< Previous
Bullboard Posts
Next >>