Modern PVC Inc MPVC

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[speculator]

MPVC suspends Northwest Manitoba drilling for breakup

2014-06-03 09:12 ET - News Release

Mr. Chad Ulansky reports

MPVC DRILL UPDATE AT ITS NORTHWEST MANITOBA URANIUM PROJECT

MPVC Inc.'s drill program has now been suspended for breakup at the company's Northwest Manitoba uranium project, which was recently optioned from CanAlaska Uranium Ltd. The onset of spring has forced the suspension of the company's drill program. Thinning ice and challenging overburden only allowed one diamond drill hole beneath Maguire Lake to reach bedrock. As such the vast majority of the high-priority drill targets under the lake will only be tested this coming winter.

However, there are numerous high-priority targets on land that the company intends to commence testing once breakup is complete. These targets consist of often coincident resistivity lows, gravity lows and high radon results. There are in excess of 15 high-priority targets that will each require multiple holes to test.

During this break in fieldwork the drills are being modified and retooled to better handle the unexpectedly challenging overburden.

MPVC looks forward to commencing the testing of the on land targets.

MPVC is also pleased to announce that it has a new website.

The technical information and results reported here have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.

We seek Safe Harbor.

[nicholaslindse]

This post has been removed in accordance with Community Policy

[speculator]

Traded 60.000 shares at 8.5 cents. How long is the breack up? Anybody has any idea?

[leverage1971]

AMW began last year mid July but on barges... People selling to Anon  below financing price comical. They tried to expedite a few holes on the ice and it was tougher than they could have known...still have cash for summer and latest financing won't trade freely until late August. The targets didnt come up empty they just didnt get to ones under  lake buying on weakness for sure Lev

[HighROI]

Lev said..."the targets didn't come up empty they just didn't get to the ones under the lake" Yep. Ok so we wasted a bit of money big deal. Should we be done 25%?

[HighROI]

er down.

[losecash]

They are selling at a loss. I suspect some cant handle the heat.

[speculator]

Last  7.5 cents on 235.000 shares. No drilling, no news, DEAD MONEY. Did anybody expect that? The company must have planned that from the very beginning.

[leverage1971]

I think DEAD MONEY if 30-45 days equals 9-12 months to your speculation/ investment strategy. If you bought thinking they were going to replicate what it took the Ainsworth's did over the period of months in one very brief drilling attempt then I would say your expectations were out of whack. The one disadvantage of PLS is that everyone that missed it buys junior Uraniums believing what AMW

[speculator]

I am very well aware what it took the Ainsworths to make the discovery and what it takes. They obviously thought they could hit something interesting in this short period of time or they would have waited.  I bought expecting them to drill over the summer not for them to walk away after a couple of weeks of drilling. Fipke and Co are just living up to their reputation.

[leverage1971]

Speculator they are drilling in the summer just not over the lake using barge drilling which is about 30% more expensive. AMW drilled over PLS after discovering 3 massive zones of U308 mineralization and raising over 15 million dollars for drilling. Reread the news release (or don't) they are not walking away Lev

[speculator]

No, they are not walking away, but they stopped working for 4 to 5 weeks, I know.  The market obviously was as supprised as I and walked, and so did I. Perhaps I can get back in again at 6 cents?  LOL Even if I have to buy it back for 9, 10, or 11 cents, in the meantime I have better use for my money. See you in the summer. You never called Ben. Now is NOT a good time though.  Best.

[leverage1971]

Thanks for the heads up on the no call. The presentation should be up and running this week; I was waiting for it to be available before calling. Lev

[HighROI]

Lev where did you hear they are going to be using a barge to drill over the lake? In the news release they quote: "As such the vast majority of the high priority drill targets under the lake will only be tested this coming winter." To me this reads as they will be able to drill most of the high priority lake targets this winter with some maybe in follow-up campaigns.

[leverage1971]

AMW drilled over Patterson Lake and the costs were higher obviously but they had a partner, monster targets confirmed by prior drilling and millions in cash to share the expense of 3 barges. UNO is not drilling over the lake in the summer according to the NR today. Let them drill the land targets before writing this co. off for 6 months Lev

[losecash]

Easy boys only 25000$ worth of shares traded. hardly a rush to the exits. I'm sure if there is a large system there the land targets will show some evidence of this. Market cap 3 million bucks and the property remains untested. Strong geological evidence remains. I am waiting around for at least a summer and winter drilling campaign. This play to me still seems to have the most evidence and

[HighROI]

Lose... Well framed I hate the market cap on Nexgen but bought some at .26 cents as a trade on the drilling program. I think they they will get better results and will have some halts. Definitely not long on the stock at this point though.

[ogshowtime]

re: PLS and NXE connections, G. Ainsworth is now with NXE: https://online.wsj.com/article/PR-CO-20140603-908182.html Cheers and good luck, O.G.

[losecash]

Looks like your trade may do well. A pop on the price wih the addition of garret. Even a another deep low grade hole may get you a double. Market cap at 60 million now. At those depths if they arent pulling holes like cigar lake or roughrider I dont see the value. PLS market cap 450 on a likely 100 mill ib deposit extremely shallow. I suppose anything is possible though. Maybe a cigar lake type

[HighROI]

Lol...very possible. Just playing the excitement of the drilling. If it hits 40 cents going to peel off any profit and then decide from there. Something needs to be done about global warming. Coal is horrendous for Global warming. I think nuclear is the best solution until technology makes solar more economic.

[losecash]

10 to 20 cm snowfall warning for macquire lake area. Crazy

[Horta]

yeah probably not the nicest area for a summer cabin.  Get to use it one day a year if you are lucky.

[HighROI]

The volatility is going to be intense. Unfortunately lately the volatility is to the downside. In something like this you can't pay attention to your paper losses. You have to remember the facts that haven't changed: 1) High Grade Vein Outcropping 2) High Grade Boulders 3) Very High Radon Readings 4) Low Gravity / Low Resistivy Targets 5) Pelitic Gneiss 6) On the Mudjatik Wollaston Trend