Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Wisdomwithageon May 01, 2017 3:30pm
278 Views
Post# 26188440

RE:I find that at less than 4 bux a share

RE:I find that at less than 4 bux a share
55TacoBell wrote:
If ... MPVD has a money problem, then it should be their joint venture partner that has it in its best interest to offer support, not "long-suffering"shareholders ...


Hey Taco,

I hope you're joshing with your comments.  This is not a family affair.  This is a business, and I hate to break the news to you and some others, but if there is a "money problem" - which I know there is not - management will address it.  And don't expect any "sympathy" from others.  As they say, "if you can't stand the heat ....".

At these price levels I felt factR had a very good suggestion, that would:
  • allow for no individual shareholder dilution,
  • provide an excellent opportunity for existing shareholders to expand their current positions at a very good price level,
  • pay down a good chunk of the construction debt immediately,
  • cost the company essentially nothing in terms of legal and brokerage fees, including non of the massive free options always demanded by broker whenever they participate,
  • allow MPV to turn the corner within months as a debt-free, cash rich mining company
I for one would scrape together whatever I could to ensure my participation, should such a Rights Offering be made.  It would be our final opportunity to invest in one phenomenal mining enterprise.  I doubt we'll see these price levels again with MPV.  Well, enough said!

Brit


Bullboard Posts