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7936567 Canada Inc SWYDF

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

Bullboard Posts
Comment by mjl777on Oct 14, 2014 2:00pm
154 Views
Post# 23026547

RE:RE:We should

RE:RE:We shouldSorry, but the notion that the project financing deal for Renard was an impossible feat of corporate finance, never to be witnessed again, was just spin and a perfect example of revisionist history. It was a failure on every level. Even when measured against the objectives that the company communicated to shareholders. I can`t recall exactly (and I can no longer find the 2012 Letter to Shareholders on Stornoway`s website), but wasn`t the objective something along the lines of ``minimizing capital and equity``. 
Bullboard Posts