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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 Macloud1on Dec 19, 2018 9:35pm
110 Views
Post# 29138452

RE:Dermot Desmond - buying in the market big time....

RE:Dermot Desmond - buying in the market big time....Obviously you have not been paying attention. Since September 12 2018 he has picked up over 10,000,000 shares and now owns 62,412,368 shares up to and including December 18th 2018 . With another 587,632 shares he will own 30% of the outstanding shares. While all the institutional investors were dumping because of their policies whether losing or winning because they have to,  he was picking up. Now that tax sell off is nearly over and the price is turning around, those institutional investors will want back in creating a lot of upward pressure and we will see a major correction in our share price. All along this had nothing to do with the way the company is being managed, it was always about the diamond sector, demonitization, market trend and tax loss selling.  We were always profitable through all of this and still are, we will have our day. 
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