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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 CravenRaven101on Sep 21, 2011 12:47pm
293 Views
Post# 19066779

negative nellies

negative nelliesARE always going to be active in these boards... With the pending Feasibility study... all the negative comments were directed at the possibility that the mine was NOT going to be built... with preliminary releases... the negative comments turn towards "stockholder dilution"... with PR announcing potential financing... the negaitves are now timing, marketing partners and potential cost over runs??? LOL...LOL...

I'm certain that managment has done a cost benefit analysis of what it would cost to drag equipment North ahead of the road in order to meet it's (in my opinion) original and ambitious timeline for hitting the ground with a shovel... and since the company has agreed to foot a portion of the construction costs for the road... what does it matter when the mine sees first production?  In the end... dragging trucks, equipment, generators, camps, fuel and various supplies...to get a "jump"  ONLY to drag them back once the road is completed... would be a total waste of money As I have written previously... MANAGEMENT of a multi-Billion dollar enterprise such as this require decisions to be made that AFFECT OPERATIONS 5-10 years down the road... NOT tomorrow or next month ...OR to appease the odd Bulletin board poster...The deciion to build this mine was a "yes" 2 years ago...that the manamgment group has released it's financing strategy...indicates to me that someone is typing up the paper for signatures as we speak...

If your in... Good for you...play the highs and lows ...de-risk your investment... if your out... smell ya later... don't let the door hit you on the way out... this room is better without ya...

It's MY opinion git yer own
Bullboard Posts