SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mountain Pronvince Diamonds -- Ignore unavailable to you. Want to Upgrade?


To: Chas. who wrote (1)5/23/2004 9:22:35 AM
From: james flannigan  Read Replies (1) | Respond to of 10
 
I belive the sell off is because of the pull back in all mining stocks.Nothing has changed for MPV except that the world wide value of rough diamonds has increased 20% in the past year,this is good news for MPV shareholders.I have always belived and still do that the values of ore at KL are reported by Debeers at the low end to further Debeers future to buy out MPV shareholders at a discount to their value created by mis or incomplete information.If we see more games played by Debeers in the future as in the past,then I think a class action law suit should fowllow against MPV management for allowing DBRs to jerk us around for the past 8 yrs. Winspear found and proved a mine at Snap in three yrs.Iam a patient guy but 8yrs is long enough,to answer the question " do we have a mine" yes or no?At Debeers rate we may find the answer someware by the end of the decade, Unless MPV shareholders make MPV management get off their ass and push for our rights, afterall the management is supposed to be our partners,with partners like this we need no enemies.