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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

Post by dabard51on Jul 09, 2016 9:46am
229 Views
Post# 25037920

I missed this little note

I missed this little noteTrying to figure out how MPV ended up owning 10% of itself in the last 90 days... I again went through the last Management Discussion & analysis (MD&A) dated 31 March 2016, and I discovered that MPV earned nearly C$20MM on interest rate and currency hedges in Q1 2016, which MIGHT account for about 20% of the share purchase, should the funds be used for that purpose... one down, four to go, so to speak.
No hint at all of a share repurchase in that document.
Still wondering where all the shares came from.  Any ideas?
Maybe - just maybe - they came in an off-exchange deal.  Would be interesting to look at older major holders lists, and see who disappeared.  Desmond Sharkey, perhaps?  Doing this from memory right now...
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