7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals

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

7936567 Canada Inc

Bullboard Posts

Comment by ekimon Feb 23, 2017 6:24pm

237 Views

Post# 25885982

RE:RE:RE:2016 Financial Results

no results from the last 2 sales and they have an extra special line item for q4 2016 that makes net income a bit irrelevant.

"Net income for the year ended Dec. 31, 2016, of $19.6-million increased compared with a $3.7-million net loss during the eight months ended Dec. 31, 2015, in large part due to a change of $46.4-million deferred tax asset recorded in the fourth quarter of 2016."

Accounting gods must be involved here.

EKIM

Bullboard Posts

Rock Tech notches official permit for German lithium refinery