Undervalued pearl - maybe people haven´t heard about DiamondGood morning to you.
Mountain Province Diamonds
Analysts have awaited 0.07 CAD earnings per share --- 0.11 CAD released in latest quarterly report
Share price yesterday 0.455 CAD - earnings per share 0.11 CAD (!)
Diamond prices generally on the rise, currently again at pre Covid levels and outlook is good due to inflationary future.
Gold, Silver, Copper and Diamond producers will be on the mid- to longterm winnerside, because they are producing assets, which conserve purchasing power (!).
Maybe investors are sleeping or just not realising, that this are undervalued pearls.
Ok, Mountain Province Diamonds has an debt portfolio, but they are serving it regularly and due to the good numbers and prosperious outlook it will probably be also served well.
I from my personal side, I am not awaiting a dividend payment. From my side the company can cumulate all earnings and build up Mountain Province Diamonds with a stronger financial basis.
And also I am awaiting surprises, which diamonds will be mined in the futures - maybe some really big ones will be mined :o) also there will be released selling datas from diamond sales in the future.
Our MPVD share is from my point of view under these conditions quite undervalued, but the market makes the price. Maybe people haven´t heard from diamond miners and are rather investing their funds in crypto-currencies. What a nonsense.
Let´s talk clearly......US debt is nearly 30 trillion USD - means every % higher interest rates would blow up interest burden by 300 billion USD for the US budget.
So from this point of view interest rate rises in the US, which is the fear of the markets are very limited.....if not, who would pay the interest for ?
Inflationary future is coming and Gold, Silver, Copper and Diamonds would conserve the purchasing power of the capital. That is for sure my personal opinion.
Let´s see what the future is bringing on surprises.
A good time to you all. Cheers.