Mountain Province Diamonds Inc T.MPVD

14 percent interest. There goes any reas prospect for profit

[Diamondboy123]

Sell

[explman]

This is very different from the 10% that was initially being discussed. Equity holders are being sacrificed for debt holders. I think DD has realised that the best he can hope for is to recoup his debt and claw back as much of his equity loss through interest. 

[Diamondboy123]

What I've been saying. Shareholders are being sent to the slaughter. Sell

[claymore50]

You may be right.  However, this latest financing is a temporary solution.  I say this because I beleive the wild card in this is Kennaday North. Mr. Wall and company have been in serious discussions with DeBeers on how to best mine this project. DeBeers knows the value of Kennaday North, and will  very likely incorporate it into the Gaucho Kue project.  DeBeers will have to

[Diamondboy123]

Clay that's our only hope. Problem is Debeers can wait until the debt holders take this thing over.  

[claymore50]

If so, how much are the debt holders going to want for their stake?  DeBeers  may find it much more profitable to work with MPVD. 

[claymore50]

D-boy, it appears that the lender of this debt is an entity owned by Dermot Desmomd.  Surprised?