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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 4kingncountryon Jun 22, 2015 11:29pm
272 Views
Post# 23857920

Warrants

WarrantsAnd on another subject Pierre about the warrants. It is very difficult for any company right now to be able to raise cash for exploration without jamming the current loyal shareholders.  SWY has many property with potential. Raising that large chunk of cash might be extremely beneficial for us to explore and invest in those ventures without costing us much. Actually, without hurting us at all. And don't forget a possible take over. Cash strapped companies are easy to negotiate with, where we, little fish, end up being used and abused. I personally know that I would have to draft a hell of a sweet deal if I ever wanted to acquire SWY knowing it has 100 millions in hard cash in its coffer...
Bullboard Posts