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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 Shnappson Apr 16, 2018 1:58pm
135 Views
Post# 27892278

RE:Still Very Surprised & Dumbfounded By Vote Results

RE:Still Very Surprised & Dumbfounded By Vote ResultsBrit , JediKnight :  Your concerns was the reason for a previous post I put up regarding voting your shares.   The process is heavily in favour of the Management, in this case the YES camp.
I am not an expert on this but the way it usually goes is you must appoint a proxy , tick the appoint a proxy box and then tick the for or against box.
Shares without a proxy are considered to be in support of management and therfore a yes.  
This process is like the house rules on the roulette table.  Obviously in favour of the house ( MPVD Management) .   One of the many left over advantages of management and bankers over the lowly investor.
If that process were reversed and shares not voted were a no or at least a non vote, things would be a little more level.
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