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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
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Comment by mjl777on Apr 10, 2014 10:14am
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Post# 22434572

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Valuation

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ValuationI hear you. But, really what's the upside if there's north of 700,000,000 shares outstanding and +20% (don't forget the royalty) of the cash flow comes off the top? That's why this deal doesn't excite me or the market in the least. Securing 100% of the project financing is great, but it's the composition of the financing that will determine future returns to shareholders. So, why has a public company ceded its responsibility to shareholders to pursue Quebec government objectives?
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Dealroom for high-potential pre-IPO opportunities