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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 Shnappson Jul 12, 2019 11:46am
93 Views
Post# 29913475

RE:RE:RE:RE:Tough, it is; part 2

RE:RE:RE:RE:Tough, it is; part 2D51, I think  management pushed hard for the deal and convinced Institutional investors they knew what they were doing.  They also made out like our parteners were on board when if fact they were not.

I also do not believe the vote was conducted in a proper manner and a lot of negative votes were not tallied.

Number one shareholder who has like 35% of the votes had an incredible conflict and should have been excluded for voting ( in a perfect world) .

The facts stand for themselves.  The investors who were against the purchase were right.  It didn't take a lot of thinking to figure that out.   Why were we able to do it and the experts were  not.   Did they all own a bunch of KDI ?
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