Mountain Province Diamonds Inc T.MPVD

RE:RE:RE:RE:RE:RE:RE:RE:Pretty sure that PE indicated years ago that KDI

[Wisdomwithage]

Macloud1 wrote: ... At one time he was a hero and now he is mud. I for one am still following the money . DD didn't get to where he is by listenming to a bunch of whinners. ...

Hey Mac,

In my eyes, having been invested in MPV since the early 2000s is that your "DD" (and the TIGs) were never heros, but sharp businessmen hoping to make a lot of easy money, as they had done with the Canary Wharf. 

That was working well for them with MPVD where they made sure they were always first in on the low share price financings, as well as the very recent Bond financing, where the terms were made very rich for Bondholders. They are now the largest single shareholder.

But it seems however that greed took over when they thought they could duplicate their success with KDI.  My feeling is that as they got more and more involved, they soon realized that their luck had changed, that KDI was no GK, and that instead of making another fortune as they were doing with MPV, they were pouring good money after bad into a straight spec stock, and KDI was becoming a bottomless pit.

The smart spec money out there had already realized that KDI, being a straight spec stock, with no proven reserves and a high monthly "cash burn", should realistically be trading in the pennies, certainly not in the multi-dollar levels the TIGs were pouring their money in at.   There was no way smart speculators were going to participate in any financings of this over-priced spec stock, unless it returned to the penny levels and showed some promise. 

When the TIGs, with little mining knowledge or experience, realized they had made serious judgemental errors, I think they they had to make some hard decisions fast. Either:

• cut their losses, swallow their pride and walk away from KDI
• keep pouring tens of millions of their own money into KDI in the hopes of one day owning a company with some value to a larger concern
• make overtures to DeBeers to see if they would be interested in taking over KDI
• somehow get KDI (still just a truly penny spec) and their huge personal share positions, absorbed back into MPV

At this point it's not necessary to snow anyone with fancy voodoo math.  Plain and simple, it doesn't take a lot of thought to figure out which option(s) would make sense for the TIGs. That's why most of us who have been involved in the junior mining field for decades recognize what's being attempted here, and are absolutely negative towards any merger.

I sure hope you and the few others (besides the TIGs) who seem to figure this merger to be such a good deal will rethink your reasoning and reconsider your vote before the SGM.

Cheers,

Brit