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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
Post by mp3seekeron Dec 01, 2014 3:34pm
266 Views
Post# 23182586

Chances of a buyout are almost zero people

Chances of a buyout are almost zero peopleThat might be a bad thing for very short term investors, but possibly a good thing for long term investors. Buyouts often result in long term shareholders loosing out on the true potential value of the asset as the buyer with the present cash flow gets the asset. I do not see a wait of about 2 years for about $2 being an unreasonable cost, and I hope to heck for no buyout which I feel is almost 100% not in the cards.
Bullboard Posts