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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a so-so 89-79-142 as the TSX Venture Exchange rose four points to 599. The Desmond family's Mountain Province Diamonds Inc. (MPVD) fell one cent to 14.5 cents on 92,000 shares. The company held its annual general meeting last week and shareholders were surprisingly content with management despite the precipitous slump in their shares over the past several years. Mountain's stock, over $7 in the fall of 2016, fell to a new all-time low of just 14 cents today, yet all six directors have been re-elected with at least 91-per-cent support among the 45.5 per cent of shares that were voted.

Yes, shareholders were happier a year ago, when five of seven directors got over 99-per-cent support and the two others, Jonathan Comerford, chairman, and Brett Desmond, son of Dermot Desmond, the company's major shareholder, received nearly 98 per cent of the vote. Of course, Mountain Province's shares were trading at 45 cents at the time. Its stock traded above 50 cents in the summer of 2022, when four of the seven directors got plus-99-per-cent support, while Mr. Comerford, Brett Desmond and Mark Wall, president and chief executive officer, got about 96-per-cent support.

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