Mountain Province Diamonds Inc T.MPVD

I am....

[stockpunter]

stunned, gobsmacked, bewildered, confused, amazed and in the grips of cognitive dissonance.  Mine shuts down and SP goes up?

[Macloud1]

Stockpunter didn't you know, this stock goes down on good news and up on bad news. 

[stockpunter]

so... I should short it just before they announce next sale results...then go long when they fail to complete ice road....then short it again just before Rio Tinto buys MPVD out...? Today I read that the first diamond-based coins are coming out.  Digital, blockchain, whatever.  Could be a game-changer for diamond investing.

[Macloud1]

I don't think poeple realize the implication here.. The last time we could not sell diamonds but we were producing them and eventually were able to negotiate the sale of some them although be it at a reduced price to generate cash flow. This time we are not producing anything and we won't have anything to sell to generate cah flow. our line of credit is tapped out and must be paid within a

[stockpunter]

I agree.  Huge near term risks.  I am worried like hell.    But if we do survive the next year or so, we could seeing many years of profitability.  Unlike gold mining companies, which are forever trying to develop another property, MPVD will be paying us back.  I hope.

[stockpunter]

if you start losing your nerve, look at this and stay calm: https://www.paulzimnisky.com/roughdiamondindex

[claymore55]

The chart shows a 52 week high!  It is within a 1% move for a 5 year high.  Another 9.9% move, and we will have a 10 year high(this might occur toward the end of 2021, hopefully earlier).

[Macloud1]

That index only tracks to last February . If my memory serves me right the index was about 12 to 17% higher when the mine feasibility study was done. We have a long way to go we are only 2.8% higher than precovid at an average of $69 dollatr per carat. 

[DukesMacKensie]

This post has been removed in accordance with Community Policy

[Macloud1]

Dukes not to put water on your fire. The reason we had such a good sale in January was because there was an anomoly . Last year because of Covid no one was allowed at the mine to bid for the specials and fancies until somtime time in late December. They had aproximately 10 times the normalamount of special and fancies. So for that sale there was an unusual  higher  amount of specials of