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 Aug 26, 2014 1:52pm

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Post# 22879155

RE:SWY Fact Sheet Confusing

That fully diluted number is scary, but what irks me the most about it is that it was easily avoidable. The model for transforming Stornoway's riches into value for shareholders had already been perfectly demonstrated (i.e. Aber). The company's high risk strategy for Renard made expensive and dilutive financing necessary. Financing costs always reflect risk. A fundamental axiom of corporate finance that our guys didn't seem to have a clue about. Why?

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