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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Comment by dabard51on Dec 08, 2014 7:49pm
244 Views
Post# 23208495

RE:RE:RE:RE:Financing Options and timetables

RE:RE:RE:RE:Financing Options and timetablesMy hope is that the banks et al get their act together and do announce a financing package for MPV so it can proceed with its share of the GK development with no further increase in the share count.

The fact remains that PE is an employee of MPV which is owned by shareholders, who are in turn represented by the BOD.  Clearly substantial % holders have a larger voice on any BOD.  PE may be CEO, but he ain't in charge.

In the case of a public company which has a multitude of smaller shareholders and one substantial shareholder who is financially capable of taking the company private, and who has at least as good an insight into the company's financial prospects as anyone on this board, how would that substantial shareholder behave if he or she is a rational profit-seeking capitalist?

Yes, all speculation.  I claim no inside knowledge.  But to think about.

Cheers for the festive season to all...
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