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Bullboard - Stock Discussion Forum 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... see more

GREY:SWYDF - Post Discussion

7936567 Canada Inc > reduced workers
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Post by roberto10 on Oct 21, 2019 12:44pm

reduced workers

Why coulded the managers have reduced the workers and managers salery in order to make
to brake even . If not ,then they should have closed the mine for a time period ,untal the diamonds pickup in value .Now ,everyone loses to this company . If the QC wanted to keep the mine open ,then they should have helped with the wages to the workers .
How can the new owners make any profit to this losing mine ?
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