7936567 Canada Inc SWYDF

RE:RE:The lassonde curve- this is why I had invested.

[mjl777]

It's ironic that Stornoway chose to illustrate the Lassonde Curve using the Aber example. Aber perfectly demonstrated how Stornoway could create value for shareholders (j.v. with a blue chip partner, not some quasi-gov't agency bogged down by a non-corporate agenda). Instead, Stornoway chose a high risk strategy for Renard that wasn't even remotely aligned with the economic conditions of the day. Why choose a high risk strategy that would amplify financing costs and dilution? And yes, investors who recently invested at $0.70 and sub-$0.70 may double their money with this play in 3 or 4 years. But the longs stand to get beat up unless the company's exploration portfolio can add some incremental value (Note: which is essentially back to square one for the longs). Needless to say, Stornoway's track record for unlocking the value of it's exploration assets has been pretty well non-existent. Even when the template for that was staring them right in the face (see MPV). Stornoway has had lots of opportunities to make the financing deal and mega-dilution palatable for long-term shareholders. But, the motivation to do so has been totally lacking, in stark contrast to the motivation that resulted in the recent over granting of stock options, I might add.