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7936567 Canada Inc SWYDF

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

Bullboard Posts
Post by moneydazeon Dec 30, 2009 9:46am
459 Views
Post# 16625466

New 52 Week High !!

New 52 Week High !!Wow

I know I am starting to sound like a broken record but it seems for the past couple of weeks everyday has been a new 52 week high for the share price.

As for some of the other posts I have noticed that people think that the managment will try and fund this mine through PP. This is just not the case and the exact reason why we currently have zero debt. The mine will be funded in the debt markets and with our managment team and current assets as well as major shareholders we will have no problem finding people to loan us money.

Also I have noticed a number of people saying that Agnico and Rio Tinto are JV partners. Correct me if I am wrong however they are major shareholders and may have some people on our board but they are here for investment purposes only and are not JV partners. Our partner in this JV is currently SOQUEM however that is not to say that Agnico or RIO wont become a JV Partner in the future by taking over for SOQUEM.

Anyways that was just a couple of the things I have noticed over the past couple of days. It took me 5 hours to download and watch the interview yesterday however I thought the interview was good. He was enthusiastic and interesting to watch. He did stumble a lil here and there but im going to chalk that up to the fact that english is not his first Language and that stuff happens.

Hope you all have a good day

Moneydaze
Bullboard Posts

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