Mountain Province Diamonds Inc.

MPVD-T

TSE:MPVD

1.12
0.00 (0.00%)
Mountain Province Diamonds Inc. is major partner with De Beers in the Gahcho Kue Diamond Mine Project in the Northwest Territories. Gahcho Kué is the world's largest and richest new diamond mine, with an estimated reserve of 80 million carats.
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Analysis and Opinions about MPVD-T

Signal
Opinion
Expert
WAIT
WAIT
May 26, 2017

Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”.

Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$3.830
Owned
Unknown
COMMENT
COMMENT
April 5, 2017

There are some issues in the end markets for diamonds. India had a de-monetization of currency late last year. The Indian diamond cutting and polishing industry is pretty much a cash-based fragmented market place. De-monetization has created quite a disruption and created problems for producers selling into it. He would be a little wary about this. However, there has been some M&A stirred up within the sector and there could be value buyers sniffing around, but the near-term profitability is a little bit murky.

There are some issues in the end markets for diamonds. India had a de-monetization of currency late last year. The Indian diamond cutting and polishing industry is pretty much a cash-based fragmented market place. De-monetization has created quite a disruption and created problems for producers selling into it. He would be a little wary about this. However, there has been some M&A stirred up within the sector and there could be value buyers sniffing around, but the near-term profitability is a little bit murky.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$4.620
Owned
Unknown
COMMENT
COMMENT
October 21, 2016

Building a mine with DeBeers that should go into production by the end of the year. He prefers Kennady Diamonds (KDI-X) as he feels it is significantly undervalued relative to what he thinks they have, especially in the context that there is a mine on their back door that will be operating soon, and this will come back into DeBeers fold.

Building a mine with DeBeers that should go into production by the end of the year. He prefers Kennady Diamonds (KDI-X) as he feels it is significantly undervalued relative to what he thinks they have, especially in the context that there is a mine on their back door that will be operating soon, and this will come back into DeBeers fold.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$7.040
Owned
No
COMMENT
COMMENT
August 19, 2016

Diamonds. This just rolls on. When he bought it, it was 24% prospective yield on the basis of the 3 Irish billionaires who control the company, who simply wanted dividends out of it. It is readying and going into production shortly. He is still very positive on this.

Diamonds. This just rolls on. When he bought it, it was 24% prospective yield on the basis of the 3 Irish billionaires who control the company, who simply wanted dividends out of it. It is readying and going into production shortly. He is still very positive on this.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$6.530
Owned
Yes
COMMENT
COMMENT
August 11, 2016

The deposit is working very well technically, but the diamond market is in pretty rough shape now. It is responding to worldwide economic slowdown. The only diamonds that seem to be commanding big prices are the “fancies”.

The deposit is working very well technically, but the diamond market is in pretty rough shape now. It is responding to worldwide economic slowdown. The only diamonds that seem to be commanding big prices are the “fancies”.

Rick Rule
Pres. & CEO, Sprott USA
Price
$6.040
Owned
No
COMMENT
COMMENT
August 9, 2016

Building a diamond mine in the Yukon. They have been working on the mine for almost 10 years, but are now just about ready to turn on operations. You make good returns in mining stocks when they go from a development company to a producer, because you get a premium as a producer.

Building a diamond mine in the Yukon. They have been working on the mine for almost 10 years, but are now just about ready to turn on operations. You make good returns in mining stocks when they go from a development company to a producer, because you get a premium as a producer.

James Rife
Head of Canadian Equities, Canalyst Financial Modeling Corp
Price
$6.060
Owned
Unknown
COMMENT
COMMENT
July 26, 2016

A diamond developer in the Northwest Territories. Partnering with DeBeers in developing the Gahcho Kue mine. It has just started to come into production, which is usually when he likes to look at these. An extremely high grade mine. The valuation is attractive.

A diamond developer in the Northwest Territories. Partnering with DeBeers in developing the Gahcho Kue mine. It has just started to come into production, which is usually when he likes to look at these. An extremely high grade mine. The valuation is attractive.

Jon Case
Portfolio Manager, Sentry Investments
Price
$6.340
Owned
Yes
BUY
BUY
June 9, 2016

They are about 90% finished with the build. They will go into production next year. They expect to pay very big dividends. It should carry on. We have not had a mighty diamond mine introduced in 20 years.

They are about 90% finished with the build. They will go into production next year. They expect to pay very big dividends. It should carry on. We have not had a mighty diamond mine introduced in 20 years.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$6.350
Owned
Unknown
COMMENT
COMMENT
May 31, 2016

Doesn’t own this, but owns its sister company Kennady Diamonds (KDI-X) which is next door. Mountain Province is in a joint venture with DeBeers. Feels that someday Kennady will ultimately be integrated with this company.

Doesn’t own this, but owns its sister company Kennady Diamonds (KDI-X) which is next door. Mountain Province is in a joint venture with DeBeers. Feels that someday Kennady will ultimately be integrated with this company.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$6.180
Owned
No
COMMENT
COMMENT
May 12, 2016

Likes the people and is sort of attracted to the deposit. He would probably own it except that he thinks Dominion Diamond (DDC-T) is cheaper. With Mountain Province you have the development risk and the problem of turning on that big plant.

Likes the people and is sort of attracted to the deposit. He would probably own it except that he thinks Dominion Diamond (DDC-T) is cheaper. With Mountain Province you have the development risk and the problem of turning on that big plant.

Rick Rule
Pres. & CEO, Sprott USA
Price
$5.380
Owned
No
HOLD
HOLD
April 28, 2016

It will probably march on and should not have any problems reaching production.

It will probably march on and should not have any problems reaching production.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$5.390
Owned
Unknown
COMMENT
COMMENT
April 6, 2016

A diamond producer. They get big stones every now and then, which can shift their cash flows around. This has been better on a price momentum perspective. There are no meaningful earnings to talk about currently. There is really no way to value this company other than the assets they have. Valuation is not compelling for him and wouldn’t be something he would own.

A diamond producer. They get big stones every now and then, which can shift their cash flows around. This has been better on a price momentum perspective. There are no meaningful earnings to talk about currently. There is really no way to value this company other than the assets they have. Valuation is not compelling for him and wouldn’t be something he would own.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$4.940
Owned
No
COMMENT
COMMENT
March 8, 2016

The Gahcho Kua project is 51% DeBeers and 49% Mountain Province. It will commission this year and go into production. Lots of people are optimistic about it. When the diamond models were valued by WWW, the base case price was skewed towards the lower end of the low/high range, indicating the diamonds were not that great. However, when they did their 10,000 carat bulk sampling, they got several absolutely fantastic diamonds. The measured value of the carats is way in the money. The expectation is that when this goes into commercial production, there will be a repeat of the big, beautiful diamonds, and will carry this project into substantial profitability. You may have to wait until the end of 2017 to know if the high quality diamonds are showing up.

The Gahcho Kua project is 51% DeBeers and 49% Mountain Province. It will commission this year and go into production. Lots of people are optimistic about it. When the diamond models were valued by WWW, the base case price was skewed towards the lower end of the low/high range, indicating the diamonds were not that great. However, when they did their 10,000 carat bulk sampling, they got several absolutely fantastic diamonds. The measured value of the carats is way in the money. The expectation is that when this goes into commercial production, there will be a repeat of the big, beautiful diamonds, and will carry this project into substantial profitability. You may have to wait until the end of 2017 to know if the high quality diamonds are showing up.

John Kaiser
Founder, Kaiser Research Online
Price
$5.000
Owned
Unknown
BUY
BUY
February 22, 2016

He recommends it based on dividend yield. It is going to be the next great diamond mine in the world. It is an amazing story, but not in production.

He recommends it based on dividend yield. It is going to be the next great diamond mine in the world. It is an amazing story, but not in production.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$4.900
Owned
Yes
BUY
BUY
January 14, 2016

This is not the first bear market he has seen. This is the next new big mine. Diamonds have been going thought a bit of a dry spell. There were finance issues. The rough market for diamonds is up a little right now. He prefers to go in at a little earlier stage. He believes it will be consolidated.

This is not the first bear market he has seen. This is the next new big mine. Diamonds have been going thought a bit of a dry spell. There were finance issues. The rough market for diamonds is up a little right now. He prefers to go in at a little earlier stage. He believes it will be consolidated.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$3.910
Owned
No
TOP PICK
TOP PICK
October 30, 2015

If everything goes right, you will get a 27% dividend yield on this. Towards the end of 2017 this should be a fully operating, first major diamond mine discovery and development in 20 years. It is more than two thirds completed. Expects a dividend will go high because this is controlled by 3 Irish billionaires, and they want a dollar dividend.

If everything goes right, you will get a 27% dividend yield on this. Towards the end of 2017 this should be a fully operating, first major diamond mine discovery and development in 20 years. It is more than two thirds completed. Expects a dividend will go high because this is controlled by 3 Irish billionaires, and they want a dollar dividend.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$3.620
Owned
Yes
BUY
BUY
August 12, 2015

He likes that it is financed to production. People like to consume tokens of love like diamonds.

He likes that it is financed to production. People like to consume tokens of love like diamonds.

Rick Rule
Pres. & CEO, Sprott USA
Price
$4.370
Owned
No
COMMENT
COMMENT
June 17, 2015

Because of the free cash flow aspect, this is one that he typically shies away from. The mine is now getting close enough to production where it is something he would look at, because over the next 12 months you can see potential for free cash flow. The Ghacho Kue diamond mine development is a fabulous asset. In the diamond space, there is really a lack of new diamond mines. The supply picture is pretty anaemic. The quality of the diamonds and the mine is such that it is going to be one of the highest margin mines globally. You need a 12-18 month view because ramp-up is going to be early 2016 and free cash flow will not start to come out of the mine until mid-2016. Thinks there is quite a bit of low hanging fruit for that mine to grow over time.

Because of the free cash flow aspect, this is one that he typically shies away from. The mine is now getting close enough to production where it is something he would look at, because over the next 12 months you can see potential for free cash flow. The Ghacho Kue diamond mine development is a fabulous asset. In the diamond space, there is really a lack of new diamond mines. The supply picture is pretty anaemic. The quality of the diamonds and the mine is such that it is going to be one of the highest margin mines globally. You need a 12-18 month view because ramp-up is going to be early 2016 and free cash flow will not start to come out of the mine until mid-2016. Thinks there is quite a bit of low hanging fruit for that mine to grow over time.

Jon Case
Portfolio Manager, Sentry Investments
Price
$5.150
Owned
Yes
BUY
BUY
March 2, 2015

Has been held back recently by a rights offering. They are now fully financed to production. He is likely to own more. People at the top are doing well enough that diamonds are doing well, even if there is not a broad based economic expansion.

Has been held back recently by a rights offering. They are now fully financed to production. He is likely to own more. People at the top are doing well enough that diamonds are doing well, even if there is not a broad based economic expansion.

Rick Rule
Pres. & CEO, Sprott USA
Price
$4.580
Owned
Yes
COMMENT
COMMENT
August 21, 2014

You don’t know when diamonds are really going to do well. This stock has been doing better recently. This one has the best undeveloped asset in Canada. It is a very good prospective mine.

You don’t know when diamonds are really going to do well. This stock has been doing better recently. This one has the best undeveloped asset in Canada. It is a very good prospective mine.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$5.700
Owned
Unknown
COMMENT
COMMENT
August 12, 2014

A good trader and thinks it has been in the “most active” several times. Chart shows it has taken out all the tops of 2012-2014. It is speculative, but he doesn’t see any problems. Just don’t go overboard.

A good trader and thinks it has been in the “most active” several times. Chart shows it has taken out all the tops of 2012-2014. It is speculative, but he doesn’t see any problems. Just don’t go overboard.

Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$5.820
Owned
Unknown
COMMENT
COMMENT
July 4, 2008
May have participated in a huge diamond find in the territories. Certainly not a contrarian play. Problem with companies in this sector, a little bit of a wild west show unless it's a very established company.
May have participated in a huge diamond find in the territories. Certainly not a contrarian play. Problem with companies in this sector, a little bit of a wild west show unless it's a very established company.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.700
Owned
No
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