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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?


To: Bloomfield who wrote (4774)11/22/2006 3:11:01 PM
From: james flannigan  Read Replies (1) | Respond to of 16206
 
Bloomberg What part of this do you not understand? MPV is NOT NOT required to take the Debeers financing.MPV by NOT taking the financing will retain more percentage of the project 44%. The added percentage of the project means more CASH FLOW to MPV.The SAVINGS on finance charges means more CASH FLOW to MPV.The issued new stock the AT RIGHT PRICE will off set the loss in EPS by gaining more percentage of the project and PAYING NO FINANCING CHARGES and in fact could add to EPS.... James



To: Bloomfield who wrote (4774)11/22/2006 3:29:38 PM
From: WillP  Read Replies (1) | Respond to of 16206
 
Perhaps. There's always the risk of clutching now-dated documents and assuming they're still current. However...

I really think if you set up that spreadsheet, you'll see the issue is academic, as long as Mountain Province's theoretical share of the capital costs were to come from an equity sale.

Regards,

WillP