Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sinusituson Mar 03, 2016 6:20am
214 Views
Post# 24616055

RE:RE:RE:Takeover or material news release for MPV.

RE:RE:RE:Takeover or material news release for MPV. Why bother doing an analyst site visit in March and presenting at various conferences coming up if they want to go private? On the other hand going private makes sense if they don't plan on doing any thing else other than clipping dividends. Why stay public for that? Unless TIGS want to use the public stock for financing or for area consolidation play, this baby has good odds of a privitization. They have stated publicly before that there is no need for more financing and that they have no interest in mergers and acquisitions. Thus, High odds for going private. So MPV may be going through the motions of appearing to promote itself but in reality preparing for a privitization. The purchase of the Kobex block of 1MM shares by Blackrock l started this recent rally off the lows. Blackrock now owns 8.7%. The removal from the slide deck of the major shareholders is significant, not trivial, because there is a reason for it. If the removal if that slide was just to update the slide then it would have already been replaced. Some upside here but probably not too much more as any privitization price will be a measured percentage over avg trading price of 30-45 days or so. Maybe a 30% premium or so. Removing the slide would be necessary perhaps because some of the holdings may be shifting and consolidating? That's just speculation for now. But odds are this stock won't live publicly to see the light of commercial production.
Bullboard Posts