Mountain Province Diamonds Inc T.MPVD

Two steps to go

[MDiamont]

In my humble oppinion, there are still two steps missing for MPVD to create a sustainable trend crossing $1/share, potentially $2/share next year:  
1- Solid results for Q3
2- The new debt structure reflected in the financial statements. 

A lot of retail investors just take a quick look on small caps like MPVD. They don't go deep to check PRs.  That massive debt will keep haunting this asset for a little longer, just because it is in the books.  After that, the incredible low valuation may create the trend we are all waiting for.

[Rock9011]

So far the only guy making any money here is DD.  9%??  DD's plan is to own the whole of MPVD.   Currently he gets enough writeoffs he dosent pay any tax whatso ever. 

[MDiamont]

We need to put things in perspective.  12 months ago the interest rate in Canada was closed to 0.5%.  Now is close to 5%.  The debt was renegotiated from 8% to 9%, just 1% increase.  I was expecting 11% or even 12% interest rate paid to the holders.  About DD, I guess when you keep dropping $40M, $50M into a business, you deserve to make more money than everybody else

[claymore50]

We need to get relisted on the major exchanges.  Once this is done, the funds will take a renewed interest in MPVD.

[explman]

Before we "lock" on the 9%, lets see the totality of what is being proposed. The effective rate could be higher once all the "fees" are added in. It is too early to get too excited. We really need to see the impact of 9% on the cash flow. 

[claymore50]

At least there is no equity dilution.

[Macloud1]

Agree 200% explman, we have been down this road before. They have already give a 5.9 million dollar gift to the bond holders renewing the loan which is 3% , That is 1% per year so now the true rate is 10%. Also be weary of this : The issuance of the New Loan Notes is subject to, among other things, finalization of the specific terms thereof, the negotiation and execution of definitive

[explman]

Well put.