Mountain Province Diamonds Inc T.MPVD

Told you they were buying

[Diamondboy123]

Now my game playing is over.  No one wants to sell.  I'm buying very soon. Nice weekend to all.

[Macloud1]

Soem friend was bailing out and Desmond took him out before it brought the share price down to the mid twenties. They are not out of trouble yet.  They just got a six month extension on the loan facility to march 2022. The bonds are also coming due. This is what the board had to say on this subject. "The Board has received the recommendations and findings of the Independent Directors,

[Diamondboy123]

Standard language to side step onerous regulation to obtain shareholder approval which wa# all bu5 guaranteed. As for Derm buying 4 million ducks he ain't stupid.  Better to buy at 20 cents then 44.  If this thing goin* down he would put mor3 money onto it.  Trust  me.  It's like the old adage of a business man taking someone out for lunch and writing it off as an

[Macloud1]

Diamond boy you had better get your facts straight . Vertigol and Dermot are one and the same . when either one purchases shares it must be reported on both . He only purchased 2,000,000 shares . 

[claymore55]

You left out the part where they made an $11.5 millon payment on the $33 million term loan.  The balance of the loan is now zero.

[Macloud1]

I didnt leave anything out . they still owe 25 millon US on the line of credit and 300 million Us in bonds. Then there is the quarterly 10 million in interest charges, cash commitments for recovery of mine  to Debeers  approx 15 million, then of course operating costs. The cash flow is very tight. The extension was neccessary because they are running short on cash. My guess is that

[Power33]

Wow,wow,wow! Best quarter sales ever with over 74m usd. I guess another 1m carats to sell in last two sales that could easily generate another 80m usd if diamond market strengthens further, which appears very likely.That would be over 150m in second half of the year. I am sorry macloud, the numbers speak for themselves. This baby is big time back in the game . This is going to be some turnaround

[Diamondboy123]

I'm pissed now that I sold a bunch between 43.5 and 48.  Oh well. 

[Sparks]

Wow is right.... is my maths correct here? that puts them in line for CAD$300 plus sales this year even with the 3 week closure. An adjusted EBITDA of CAD$150M at year end should not be out of the question, and most importantly lots of cash... Term Facility repaid...maybe even a bond repayment of say CAD$30m by year end....In the last 2 quarters they will have aerned more than their Market Cap!!!!

[claymore55]

Isn't time to take a position in MPVD?