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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 Aug 07, 2016 2:18am
217 Views
Post# 25117386

Perhaps some good news in the price action this week

Perhaps some good news in the price action this weekPerhaps there is some good news in the price action from Thursday and Friday.  Someone dumped 200 000 shares into the US market for MDM, and the share price dropped "only" 8%, and it promptly recoverd half that drop the following day.
Now, being someone having a bit of a memory, perhaps two years ago, such a sale would have crushed a stock trading only 3k shares a day... and now, it seems to be just a buying opportunity, should someone be sitting on the sideline with a bit of dry powder.
Thursday's TMX action was 1.1MM shares, and Fridays was 365k, not that bad a price response/recovery, considering the recent average for MPV has been on the order of 200k shares (according to TMX) and most days(looking at 2016)  trades 40k-50k shares.
In the olden days, this might have been considered a 'bear raid', but IMHO the "raid" was mostly repulsed by the following day... or perhaps one large mutual fund decided to 'lighten up' or 'run the stops'.  Who knows.
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