Obvious Agenda First off I want to say how happy I am we have a competent person hired to run Mountain Province Diamonds. After a sudden misguided 25% dilution of our investment the shareholders deserve no less. I feel that Mr. Brown will have an advantage dealing with DB given his previous relationship with the company. That's important for increasing future profits and better dividends.
As I previously said , its my opinion the board got rid of Patrick Evans because he would not participate in the KDI fiasco. The board IMO discharged Evans and proceeded with a disappointing and dubious transaction disregarding the common shareholders and their best interests. I sincerely hope that breach of trust comes to bite those responsible where the sun don't shine. The deed done, Whittle and the BOD appear to have hired good replacement.
If the KDI purchase was so necessary and wonderful for the future of GK it was certainly something that should have included the participation of our partners. Due diligence would require all efforts be made to bring DB into the deal and mitigate the dilution for MPVD shareholders. I don't think this was done. It's my opinion DB would never have paid what we did for KDI. Mr Brown will now have the difficult task of trying to get a reasonable deal for our questionable property.
Having said that , we should throw our support behind the new CEO. Lets hope he has our backs.