The "piece" in Forbes......that MLB (per rdgeo44)is alluding to appeared in section of Forbes.com called "Informer". Surely this couldn't be the sole cause of the sag in the price of our MPV shares of late. A check on Insider Activity shows our astute Patrick Evans plunking down a cool $4.63 USD/share for 10,000 shares of MPV as recent as June 08, 2007.
Surely, Mr. Evans has a better eye for value than Mr. Rand from Forbes.com. It would seem that Mr. Rand has stretched his literary editorial license farther than he stretches his briefs every morning...eh! Maybe Rand is somehow related to that Snorro guy and maybe with similar motives.
The "problematic little piece" is per below (++++++)for your reading convenience.
All the Be$t,
LB (And no relation to MLB whatsoever!)
+++++++++++
Optimistic, Eh?
In its 15 years Toronto's Mountain Province Diamonds has yet to sell any diamonds. But since January shares have risen 86% to a recent $5.45, suggesting a $323 million market cap (all currency U.S.). This increase comes despite the company's recent filing that it "has not yet determined" if its holdings "contain mineral reserves that are economically recoverable." Mountain Province, whose financials sport an accumulated deficit and no revenues, has been looking for the shiny stuff with big-name majority partner De Beers in Canada's Northwest Territories at the Gahcho Kué project, which still lacks permits and would take years to build. Most of any future operating profits would go to De Beers. Mountain Province boss Patrick Evans says that investors bidding up the shares consider Gahcho Kué a huge play and anticipate sharply higher diamond prices. --Matthew Rand