Mountain Province Diamonds Inc T.MPVD

Don't get it.

[mwormser]

I have stock with much worse stats than MPVDF that are in the teens, twenties and higher. PE of 1, revenues, profits. Some debt but so many other companies have huge debt. What am I missing?

[steavie]

They are unable to make any profit at current rough diamond prices, which means they can not pay down their debt. Consumers are tightening their wallets, meanwhile the mine only has 5 years of life left. Their assets are probably worth less than their debt. The rough diamond market would need to improve significantly in order for share price to go up. We have yet to see what the Russian diamond

[Diamondboy123]

They have more rock.  It'll go to 2035 at least. Plus open pit mining bout here.  That's when the easy rock is gotten. Chaching. 

[steavie]

Current mine would need to go underground at which point it is not ecoonomically feasible. At the same time, they have stopped studies on their other/future mining location to conserve money.

[Diamondboy123]

Stevo it's going open pit next year.  Read the plan. That's where we make the real coin. More rock, less cash to get at it.  Equals possible dividend.  Exploration shall continue once rough rises.  It's doing that slowly now. Check the index.  Moreover, lab grown dead. Try reselling a lab grown. You get laughed at.  

[explman]

Try re-selling a natural that is less that 1 ct. You too will get laughed at. ANd cant even get their financials out on time. Dont overlook this. This is rare. Something is afoot IMO.