Show me the $$$$$This MPVD trades so listless. Occasionally a block, but hardly ever.
The only news I see is that Bottin and DD bought 100K shares. That is chump change for this guy. Hardly any real news.
The question I ask is this. You spend millions and millions to drill these things and millions and millions more to do the engineering and enviro, and them millions and millons more for permits, and then millions and millions more to build the mine and the mill...........and then we end up with a Diamond price per carat that is so far OFF the FS and all the millions have just gone PUFF.
Nobody even hardly asks the question WHY???
Except the bankers who want to get paid. THey are commissioning a study by the diamond price experts, the same who valued MPVD diamonds for the FS, to answer the question why the diamond sales prices today per carat, are so far off the estimates from the FS.
Yeah, we all know that Rough prices are 15% or so below the FS prices, but that does not answer these $80 and $90 per carat that MPVD is receiving today compared to the FS estimates.
Obviously the tonnes and the carats per tonne are there. Where are the prices? We are soo far off that something looks fishy or a fraud to me!
Since De|Beers is the operator, I would want to pay real extra carefull attention to the sorting room where supposedly the production is "split" between deBeers and MPVD, as we are both left to "market" our own diamonds. Maybe we are getting shafted by the operator somehow in the sort and the split in the room.
It would seem thaat a lof or cameras and security and people watching the cameras, and then people watching the people who are supposed to be watching the sort would be a minimum necessary.
Certainly MPVD shareholders are getting the shaft here somehow. Otherwise, you have to assume DeBeers is as stupid as all the millions and millions and technical expertise and studies that turned out to be so far wrong as to make the mine not much better than the ability to service the debt and repay the principle on "adjusted" or "covenant light" terms.
IMO all other talk is just chatter. Lets talk about why the price per carat sucks!