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.

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 dabard51on Oct 06, 2017 12:54pm
119 Views
Post# 26786466

RE:RE:RE:RE:RE:Let's put those 16,000,000 shares to rest.

RE:RE:RE:RE:RE:Let's put those 16,000,000 shares to rest.I'm aware that DD / Bottin have backstopped all the rights offerings, and don't begrudge them their profits from acting as the insurance agent.  But as a significant (>10%) shareholder, I believe that they have additional restrictions regarding open market stock acquisitions, and I thought they could acquire more shares only through "rights" offerings and private placements.  But, I might be wrong.  Doing this from memory, it seems that there have been a few times when Bottin announces an "open market" acquisition of shares and when I do the math, it's more than a month's TSE trading volume... all done in one or two days.  Just curious.
Bullboard Posts