Mountain Province Diamonds Inc T.MPVD

Debt renegotiation preventing MPVD to go up?

[MDiamont]

Considering diamonts at record prices, solid company results plus recent good news, it seens the only possible explanation for MPVD to remain at these price levels is the $400M short-term debt.  With the interest rates growing non-stop it is a fair concern.  What kind of premium the company will have to pay to renegotiate such large amount?  Should we expect a large dillution? What you guys think is going to happen?

[Power33]

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

[Diamondboy123]

The Irish will take this private. Always remember that.  2 dollars a share is my surmise. 

[Macloud1]

Desmond dermot has not reduced the bonds by 50 million . He owns the bonds. Do you think he is going to donate that money to MPVD?  Mpvd has to pay him and the rest of the bond holders 300 million. not 250 as you ssume. 

[Diamondboy123]

It won't matter once he owns the whole thing. He will simply own his own debt.  The current swoon in stocks will pass as it always does.  The companies with cash flow will survive.  Mpvd will flourish.  Pity it will go private.  My take is 2 buck range.  

[satchmo6]

The Irish Diamond Baron must be manipulating MPVD ----or its because Rio Tinto can sell rough diamonds for less.. from news items --  there is one underground operation (Koala) with open-cut mining occurring in Fox Pit.[1] The mine's current annual production is estimated to be approximately 7.5 million carats (1,500 kg or 3,307 lb) of diamonds.   Ekati supplies rough