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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 arlekinoon Feb 03, 2018 12:30am
197 Views
Post# 27495401

RE:RE:RE:RE:David Whittle on BNN

RE:RE:RE:RE:David Whittle on BNNI have being shareholder for a long time, even before Mr . Evans become CEO of the company and I am not looking for a quick buck in my pocket. Now Mountain Province Diamonds has shares Issued 160,253,501 and market cap 551,272,000 Canadian dollars. MPVD shareholders have to dilute to 210,000,000 shares and instead of receiving dividends and possible increase of share price, they have to pay for exploration of KDI . MPVD shareholders paying already for previous promotions KDI on BNN and exploration and salaries of dual directors. read financial statements. Yes, true story is that MPVD shareholders do not have proper treatment from current management of Mountain Province . No details in news release, the water is watery. No promotions was done , only recently BNN . Money has been taken by major shareholders and their reps for management. Share price of MPVD was driven down and finally options was given? Question is : Who took the the biggest number of recent options? Of course , Mr. Jonathan Comerford ,Mr. Jonathan C. Comerford is Chairman at Kennady Diamonds, Inc., Chairman at Mountain Province Diamonds, Inc., an Investment Manager at McKinsey & Co. (United Kingdom), and an Investment Manager at International Investment & Underwriting Ltd Mr. Desmond holding company . from last financing Mountain Province Diamonds Closes Offering of New US$330,000,000 Senior Secured Second Lien Notes 2017-12-11 The Company has been informed by the book-running managers that certain entities ultimately beneficially owned by Dermot Desmond, a related party of the Company, have participated in the offering by purchasing US$60,000,000 of Notes. Mr. Desmond, together with Bottin (International) Investments Ltd., an entity ultimately beneficially owned by him, holds approximately 37,951,887 shares of Mountain Province or 23.7% of the outstanding shares of the Company and are therefore considered related parties of Mountain Province. Mr. Desmond purchased the Notes on the same terms as all other purchasers. The proposed participation of Mr. Desmond in the offering was approved by the independent members of the board. For further information please see the material change report filed by the Company concurrently with this press release. The Company was unable to file the material change report 21 days in advance of completion of the offering of Notes because the participation by Mr. Desmond had not been determined at that time. All is fine, bend a bit here and there, spin the property into KDI and the shareholders in MPV got 1 share for every 8 shares they held in MPV and now buy KDI now and make how much? And all shareholders of MPVD have to pay to please the MASTER. Mountain Province Diamonds has been treated , as private company for a long time already. Interest of minor MPVD shareholders has been put on ignore list. The boss should be a strong base(material) to lift the people and not a strong base(chemical) to hit the people. Dr Sivakumar Gowder
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