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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 ValueSpotteron Sep 02, 2016 5:21pm
152 Views
Post# 25204460

RE:RE:RE:RE:RE:Be careful... the shorts are there for a reason...

RE:RE:RE:RE:RE:Be careful... the shorts are there for a reason...Wait a second. Before you go burning me at the stake... read my post. It's not like I don't continue to hold the majority of my shares. You have to be smart to make money. Consider the cross that happened at 6.00. As soon as I saw that I bought at 6.10. Then it went down to 5.95. Kicked myself for buying at 6.10. That was only a few short weeks ago. Now we are at 6.52. Kicking myself for selling (albeit only selling my 6.10 purchase, I continue to hold a 88% of my original position) at 6.44. My point is this... it is almost a 10% swing from $5.95 to $6.52. It is a 10% drop from the original $6.55 to the $5.95. So criticize all you like but if the price runs up then drops down again I will accept your apologies in advance. You are all buying into the buy and hold philosophy. That's fine but if you had shorted at 6.55 and bought back at 5.95 then sold at 6.50 you would have made 20% on your money in less than a month. Argue that... P.S. what does FO mean? VS
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