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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 kimberon Sep 01, 2016 9:23am
126 Views
Post# 25198553

RE:RE:not a normal short seller...

RE:RE:not a normal short seller...I can competely understand why a non US based shareholder would want to go short against the box on this play....thats a completely different dynamic and in that case it isnt a "true" short seller.  

One reason to short againt the box might be to protect one's position against a catostrophic market crash that may have an impact on the MPV share price in the short to intermediate term. Another facilitating supportive arguement for this strategy by an exsiting large shareholder may also be to put themselves in a position to be a buyer of the stock , and thereby supportive of its share price, should a scenario like that  (a large decline) take place (for whatever reason), 
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