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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 11, 2014 11:47am
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Post# 22440088

RE:RE:RE:RE:From Mr. Manson's 2012 Letter to Shareholders

RE:RE:RE:RE:From Mr. Manson's 2012 Letter to ShareholdersYes, it's funny, as well as perplexing, that the board of Stornoway has always thrown caution to the wind (just consider the high cash burn rate for admin.), but now when it really counts, they decide to rein things in and lower the total corporate risk (including the financial risk). If my suspicions re: the price of the public offering are correct, shareholders would probably be far better off with a staged financing approach. A little more risk, but less dilution. Isn't that the reason Stornoway raised expensive equity to drill and gave away 60% of a multi-billion property for squat?
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Dealroom for high-potential pre-IPO opportunities