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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 tinytoton Mar 18, 2019 9:49pm
70 Views
Post# 29503843

RE:RE:RE:lawsuit

RE:RE:RE:lawsuit
mwormser wrote:
I want my investment back, they can have my shares and I never want to see another mining stock ever.   BTW, MY ACTIONS ARE HELPING.  Should have done this much sooner.  These 7 P+O+S BODs are riding the MPVD gravy train.  They do nothing.  They are thew ones that are hurting but do they care while they are on the gravy train?  HUH?  martin

Are you not smart enough to see that every shareholder would be treated the same, and what you therefore want is for every investor to get his money back?  Where do you think the money would come from?

Very early on I described the officers/directors as meaningless teats on a bull. I still feel that way. I was against the KDI deal, quite vocally. But ti's done and over, and now I think that the KDI property may be crucial to the company's existence. Although I think we paid too much, I am now glad we have it.

Back to the officers/directors: IMO they have neither the power to help or hinder, outside of finding or not finding diamonds on the KDI property. They have absolutely no control over production, mine results, or sales. We are at the mercy of DeBeers and market forces, and we can neither credit or blame the BOD for those things. They are overpaid meaningless items, but they didn't cause our problems. No judge or jury is going to find them negligent, and they will find the KDI purchase perhaps questionable, but nor unreasonable.

You will get absolutely nothing from any legal action, and in the meantime you are just hurting the share price, and I object to that. We have enough problems without your stupid, disgruntled lover, lawsuit blabber.




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