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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: wenderson who wrote (1037)7/18/1998 2:45:00 PM
From: .Trev  Read Replies (2) of 2577
 
Thanks for your response.

Camphor's interest was picked up when Glenmore tried to renegotiate
the option price on the 10% outstanding. When the deB deal was signed involving Glenmore selling it's 40% to MPV for 17 million share of mpv Camphor opted out and refused to co-operate thus becoming outcast.

I can't help feeling that having 17 mill sh in the treasury is not a bad situation to be in. If it's a bust it's a bust for everyone. but if it;s a winner Mr big, who will already have earned 60% might very well be interested in acquiring another 40% of mpv.

This morning's Fianancial Post has a 2 page spread on the Diamond scene in Canada, which confirms valuation results to be released in August as we already know, but it's nice to see it in print publically.

Playing catch up, maintaining market share, CONTROL- CONTROL and CONTROL are the rest of it, along with the opening of a budding independant diamond cutting operation in Montreal. When Canada hits the #4 slot in world production instead of just promising , or is it threatening we will all have played a part in world history again.

Trev
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