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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 Nov 20, 2014 12:17pm
222 Views
Post# 23148210

RE:Before we allow the board to spiral ... again

RE:Before we allow the board to spiral ... againHeckle, I don't buy all of what you've stated, but the main issue I have is your assertion that retail shareholders are just along for the ride. In fact, we are part owners of the company, with the same rights as the insiders and major shareholders. I don't think anyone on this thread would be critical of Stornoway's leadership if they had measured their decisions on the basis of how those decisions affected minority shareholders. But they didn't. Their strategy for Renard failed resulting in a poor deal for us - not the major shareholders or new shareholders. But, instead of admitting their failure, they did the exact opposite. They rewarded themselves hansomely. For what? For a refreshing take on junior mining corporate ethics, take a look at this presentation from the 13:50 to 16:00 minute mark:

https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2014/11/05/victoria-gold-corp/play/stream/13130     

In stark contrast to Stornoway, this is such a well-run and grounded company.  

You'll be happy to know that this is my last post slagging the company for its past transgressions. However, I reserve the right to comment on future stuff.   
Bullboard Posts