Post by
slpskb on Feb 01, 2022 7:04pm
More news
https://finance.yahoo.com/news/mountain-province-diamonds-announces-board-230000480.html
Comment by
Macloud1 on Feb 01, 2022 11:07pm
I said it before more dilution. Stay tuned at a theater near you.
Comment by
Diamondboy123 on Feb 02, 2022 9:25am
Couldn't ask for better move. Shows conviction by main shareholder. Warrants are priced above today's market price. My fear is that this is part of the take private process . 2 bucks is my guess. Get busy buying.
Comment by
slpskb on Feb 02, 2022 2:50pm
I must be missing something here. Today's market price is 69 cents a share. The Dermot Deal calls for getting Warrents to purchase total 41 Million Shares for total $25 million dollars or .60975 cents per share. This I think would certainly be delution and will lower the present value of shares. Any other thoughts on this???
Comment by
claymore55 on Feb 02, 2022 3:20pm
It is highly probable that the share price will suffer. However, if DD chooses to exercise the warrants over an extended time the impact could be lessened. Afterall DD has an investment to protect.
Comment by
slpskb on Feb 02, 2022 3:59pm
On the other hand would this not make it cheaper & easier for Dermot to buy the company out????
Comment by
Diamondboy123 on Feb 02, 2022 4:19pm
It's in American dollars chappy. Once converted it's almost 80 cents Canadian. Well above the close today.
Comment by
mwormser on Feb 03, 2022 12:59pm
I think it would be better to get $2.00 worth of shares of Anglo American. Never understood why they haven't bought MPV. A one for 10 of Anglo shares will result in issuing 25 million shares of Anglo. Peanuts for them. Then they can save $$$$ but firing all the management of MPV.
Comment by
jediknight on Feb 04, 2022 7:12pm
DD will not sell at 2 bucks or anywhere close to this price Maybe 6 Anglo knows this.
Comment by
mwormser on Feb 05, 2022 11:13am
If I'm not mistaken, the Irish do not own 51% . I'll vote my 50K shares for a takeover by Anglo.