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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 dabard51on Aug 06, 2018 4:11pm
146 Views
Post# 28418456

Reviewing this year's trading

Reviewing this year's tradingWith a stock this small, it's not hard to track down (in retrospect) what has happened over a time period like a year.  I downloaded the TMX trading data from 2018, put it in some graphs which are meaningful, and conclude this story.  Begining of January, some fund took a 1.5MM share position, maybe on speculation of GK cash flow.  End of January, there was a bunch of trading in advance of the KDI buyout. Initial negative sentiment on the deal (probably driven by whining bulletin board posters, as the Company did a poor job of supporting the move with PR) later drove the stock price to under C$3 on April 17, at which time some fund had to divest.  There was additional selling around May 31, just in time for some fund's Q2 close; I'm guessing they didn't want to show MPVD on the books.  There was another (smaller) pop in volume on August 3, when the SP dipped briefly below C$3 again.  Maybe some fund manager found a share certificate or 3 under a couch.  More than half the time, MPVD daily volume is under 100k shares.  Unless they use a Dark Pool (or arrange a Private Placement), it takes a couple weeks or a month to unwind a 1MM share position.  In retrospect, I wish I had taken tis money 10 years ago and bought AAPL or some index fund; but this is one of the downsides of diversification - there are some laggards to go with the winners.  Cheers, all.
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