Mountain Province Diamonds Inc T.MPVD

wonder what

[stockpunter]

this is all about:
At the end of the program, the staking of 41 claims covering roughly 39,000 hectares was completed in an area to the east of the project. This area of interest was initially identified for exploration in 2016 but was only recently reopened to staking. With these additional claims, the Kennady North Project now comprises 106,202 hectares and surrounds the Gahcho Ku joint venture. An updated map for the Kennady North Project is shown below.

[Macloud1]

where did you get this. I would like to see the whole release and the date.

[dabard51]

Mac, I found it on Yahoo Finance, dated 18 June 2020. Here is the link: https://ca.finance.yahoo.com/news/mountain-province-provides-exploration-updates-210100623.html

[bobismydad]

now they tell us--after the insiders ran out of money---too bad i am holding mine for a buck ans a half <<<<

[rdgeo44]

But stockhunter, who really cares? After all the manipulation, devious moves, & ever since Patrick Evans quit Desmond, the way the present management or should I say mismanagement BOD have destroyed what once was a great company, how can you still get excited by a NR from this group of clowns? The only thing I don't understand is why DD would allow his diamond dreams to be destroyed

[diamhunter]

RD - Spot on. Trust in the market is akin to virginity. Once it's lost, it's gone forever. Who trusts these clowns? Certainly no one in London! You ask a key question: why did DD allowed this to happen? This was a great company that enjoyed the trust and confidence of shareholders, bankers, etc. If there was still trust and confidence, the banks would not have bailed on the working capital

[stockpunter]

"great company"?  One might define such a company as one that has a long track record of profitability with a responsible return of cash to shareholders.  Fact is, MPVD was a speculative venture that did not work out becuase the value of their diamonds on the market at the time was lower than expected, followed by prices getting crushed by Covid-19 and markets freezing. Look at

[Macloud1]

I have agree with you stock punter. It is not the current board that is at fault here. We all got caught up in the dream the snake oil salesman PE sold us. He had over promoted the value of diamonds which was not there. What was there were a lot of cheap diamonds mixed in with valuable diamonds that still makes the mine profitable. I once read, that a sign of a good CEO is one that abandons ship

[stockpunter]

$30.6 million (US$22.6 million) of the total sales in Q2 were under the sales agreement with Dunebridge.  The initial sale did not reflect a normal, run of mine mix as they contained a lower proportion of larger, higher value diamonds which were accelerated into earlier sales to maximise revenue in Q1. I don't think what you say about them holding onto all the larger diamonds is

[Macloud1]

Spoke to management and was informed that because of covid 19 they were unable to attend the mine to view and bid on the fancies and specials since they implemented the covid restrictions at the mine. All the fancies nd specials were held at the mine in a vault until such time that they could attend, view and bid on them. They met for the first time two weeks ago. My mistake its not Janaury but

[Macloud1]

By the way stockpunter there is a 2 month lag as to when diamonds are mined and when they are available for sale . Those diamonds were sold in January and February . The accelerated larger diamonds would have been the December and Janaury specials and fancies. So I do believe I am correct in what I posted.

[diamhunter]

Mac - you know not of what you speak - and ought to as an investor in MPVD. PE didn't value the diamonds. They were valued by WWW - see below from 2014 feasibility report. On the basis of WWW dimaond values, banks lent MPVD US$370 million.  The issue is not the diamond values, but instead the mismanagement of the company since PE left to be CEO of Dominion Diamonds. Biggest mistake was

[stockpunter]

you can't blame the dotards.  Look at the LUC share price curve.  Did the dotards do that? As for the KDI deal, time will tell.  

[Macloud1]

Diamondhunter it is you that knows not what you speak . The value came in at  $149 US per carat in the feasibility study. PE promoted  Pumped and sold the idea that it was higher. this was after the first results came out and PE had them revise the figures. (He wasn't happy) When the first sale came in he  tried to mask it by not including the lower value diamonds.  The

[diamhunter]

Mac - as we know WWW in London (they are based here) there's no way anyone (including PE) could get them to fudge a diamond valuation. But I'm sure they would be interested to know your thoughts on this matter. WWW are also the Canadian Government's diamond valuator. I can't imagine they would compromise their intergrity because PE asked them to. Nor can I imagine PE asking them to

[explorer49]

we've always suspected macloed's a company insider. his defence of the indefensible dotards is relentless. i'm now beginning to believe that he's none other than whitless who fed us bs on the BAD KDI DEAL to get the votes. time will, indeed, tell.

[Macloud1]

I am not saying that www fudged the figures. They can only go with the information that is fed to them. I not saying that this happened but if you remember BEX , the core samples were salted. Mayby in this case some of the brown low value diamonds fell out of the sample bags? PE pumped and promoted the WWW international high valuation and strongly suggested it was higher. That valuation is $160 US

[diamhunter]

Mac - first you say WWW fudged the numbers and now you're saying De Dums salted the core. That's a pretty serious charge against the operator. Remember, the De Bums did the drilling and processed the core in South Africa. I recall they kept the diamonds in London where WWW valued them.  Why am I still in this dog? Well, I have a long view of the supply demand fundamentals and believe

[mwormser]

Diamhunter, agree totally and thank's for the tip on Pan Global. martin

[explorer49]

ye, diamondhunter's tip on pe's pan global was timely. stock up about 900% ytd. got a good position a few weeks ago. now that's real money!