7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals

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

7936567 Canada Inc

Bullboard Posts

Comment by mjl777on Dec 06, 2013 11:37am

144 Views

Post# 21978910

RE:RE:RE:RE:RE:Well looks like right shoulder officially formed today

IMO, the assumption that the project financing for Renard will be tied to the recently announced drilling is faulty. That would represent a significant change in Stornoway's plans and corporate objectives, and as such, the decision would have to be publicly disclosed immediately. In addition, although the section of the related news release that deals with this issue is very poorly written, the company is saying that "there is no linkage". That being said, we still have to rationalize why Stornoway was in such a rush to raise capital (for drilling) inefficiently (unless there is a link)? I think we may have the answer soon enough. It was a sweetener - a prelude to a larger deal. Just too many coincidences to rationally explain away. JMHO.

Bullboard Posts

Three high-quality micro-cap stocks for your coffee-can portfolio