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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
Comment by cicerellion Nov 11, 2011 12:43pm
200 Views
Post# 19230244

RE: RE: RE: RE: Another 52 week low ...

RE: RE: RE: RE: Another 52 week low ...Carse,
Thanks. This is the way I see it, too. It certainly is frustrating, however, I truly feel fortunate in the sense that we have chosen a high-risk, speculative diamond stock that will become a mine. We've been following it for years. Long before the folks who are just getting in. Clearly, it can't stay at these levels forever. We know a lot about this company, and what they sit on. History repeats itself, and historically, producing diamond mines typically make a lot of money. This one looks like a beauty. Tahera, not-so-much, but this is no Tahera. If there is enough faith that the Quebec government is building a road, I'm in. Sure, I'm bleeding right now, but there is no way this is going to zero, so I won't bleed out before the magic happens.
I hold on to wise words about "bankable" feasibility studies. "There are many that sell before it is published. If it is good, those that sell are sorry they did; those that hold are usually rewarded well." I'm holding a royal flush all the way to the bank, there is no way this thing is going to be worth what it was 2 years ago, shortly. If shortly is another couple years, that's what shortly will be. I don't think so, though. I think we are right around the corner. Of course, I've been saying that for years.
What if the delay is because they are converting additional resources? Is that possible, considering they have published the numbers to be used? Would that be legal? Someone, please answer these questions.
Cicerelli
Bullboard Posts