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.

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7936567 Canada Inc

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Comment by mjl777on Apr 23, 2014 9:38am

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Post# 22480516

RE:Financing Difficulties and 'Solutions' - another perspective

Nice summary. I own shares in Victoria and Stornoway. These companies have taken two diametrically opposed tacts. Victoria a conservative one - conserving its liquid resources and protecting its shareholders from unnecessary, excessive dilution. Stornoway, on the other hand, has always acted as if financing Renard was a virtual fait accompli. They were arrogant, and minority shareholders are about to pay the price for that. Is it possible that Stornoway's board has acted recklessly? Has Stornoway's decisions been prejudicial to minority shareholders? These are valid questions. BTW, McConnell is someone you can put your trust in. He looks out for the little guy.

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