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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Metals & Mining Industrial Metals & Minerals
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

Mountain Province Diamonds Inc
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Comment by Wisdomwithageon Feb 14, 2016 11:55am
267 Views
Post# 24557482

RE:RE:Next week might get interesting

RE:RE:Next week might get interestingHey Mates,

I think the concerns of being taken private, or a low takeover offer coming soon have a low probability. As justification for my position I recommend those interested review the following document:

https://www.osler.com/osler/media/Osler/reports/mergers-acquisitions/Canadian-Public-Company-Mergers-and-Acquisitions.pdf

The key is that as of today's date, Bottin alone owns 37% of the outstanding shares in Mountain Province Diamonds, and you can be assured that they will not allow that percentage to decline. Even in the unlikelihood an offerer could achieve 66 2/3% and attempt a going private transaction, the laws in Canada require approval by the majority of minority shareholders.

Remember, the TIGS did not achieve their financial success through a 20 or 30 or 40% gain on their investments. Sure they're out to make money for themselves, but we should never forget that their interests align closely with ours.

Conclusions:
  • the chances of a takeover of Mountain Province Diamonds at anything less than CDN15, or of being taken private any time soon, are remote.
  • unquestionably there will be additional late arriving players entering MPV going forward.  This is not uncommon.  Nobody wants to miss out on an evolving success story like ours. BlackRock is a typical example.
  • shareholders should not be rattled by the machinations of the uninformed
Blue skies ahead!!

Cheers,

Brit

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