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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

Post by Macloud1on Aug 02, 2018 11:37am
156 Views
Post# 28404471

Price action and volatility.

Price action and volatility.The best explanation for the price action and volatility is the margin calls. Some brokerage houses have MPVD call at $3.00 a share such as BMO . others such as National Bank who I deal with the call is at $2.00 . So when the stock neared the 3.00 dollar mark and below yesturday some traders got calls from there brokers asking them to cover the shares as they were no longer marginable or they would have to sell them under their feet. The share price dropped on a very thin trading volume when you consider we have 204,000,000 million shares outsanding and no one is selling. This stock is very tightly held and it is going to make it it very difficult for a major trader to try and pick a huge volume without spiking the price. I am thinking that is going to happen very soon when all the positive news start coming out starting next week. 
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