GREY:SWYDF - Post by User
Comment by
mjl777on May 07, 2014 11:12am
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Post# 22533516
RE:Mine
RE:MineThe market doesn't seem to be giving Stornoway such a big thumbs up. Otherwise, the brokers would have closed their books for the public offering by now. The financing plan for Renard is overly dilutive. It's true that some dilution has to be accepted. It's the magnitude of the dilution that's the problem. It's ironic that Stornoway's financing strategy is as conservative as they come, whereas, it can be demonstrated that every other strategic decision management and the BOD made was extremely high risk. Makes you wonder whether they have any faith in the Renard drilling program or the Quiliguag (sp?) bulk sample. These are prospective catalysts that could minimize dilution w/o a significant impact on the project schedule for Renard.