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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 kimberon Jan 12, 2017 4:49pm
180 Views
Post# 25701487

Classic Short behavior...

Classic Short behavior...The shorts moved the stock up into year end and continued selling short, as evidenced by the increasinbg short interest in the US MPVD ticker as of 12/;30/16...it ws just 30K shares increase but nonetheless I am sure theey were doibg the same in canada, where short interest is approaching 1MM shares. The footprints of thee shorts are all over this stock as they leave gaps up (which have already been filled today in Canada  @ 6.55) . Now, theey'll continue to lean on it hard into this side of the auction results and flush out as much stock as possible., They will probably try to create a perception of panic....and why not?  its a perfect time to try and create a sense of panic in the stock, right before any results get released. There will be LOTs of very nervous nellies, not knowing what inh the wworld to to wwith their stock as they see it drop BELOW where they  ever imagined at this point.  If  eventually the results come in and are good, or maaybe even veery good, all heck is going to break out in this stock.  If the results suck for whatever reason (and Indian bort buyers not showing up or lowballing bids is NOT going to mean a hill of beans-nobody gives a rats butt about them , it aint where the money is, and the whole situatiojn over there is temporary) then the stock lanquishes ubntil the next auction results .  But if the results are stellar,  PIGS will FLY
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