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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 shambanoon May 22, 2007 10:47am
288 Views
Post# 12817318

buyers know what they are doing

buyers know what they are doingTo get maximum value for Renard SWY needs to do the following; 1 – Continue to promote Renard with every passing NR on bulk sample results especially if they are better than expected. 2 – Continue to explore the Otish property as they have found some very encouraging dykes structures and possible new Kims also. 3 – They need to negotiate with their future partners a new deal that will divy Renard into 3 equal parts; Agnico (Major partner, Quebec based company), Stornaway (secondary partner and exploration company responsible for discover and delineation), and finally (Quebec government, as minority partner and sponsor of jobs for their peoples). If they can successfully maneuver the company into a new 3-way partnership with major and government, then they should get credit for a Quebec’s first diamond mine as well as credit for their exploration projects elsewhere, but this will be very hard to do. SWY stock is worth much less than it’s parts right now IMHO, they sold Alberta which I commend them doing and now they have a much simpler structure and more concentrated exploration projects but they might have to trim more projects and narrow it down to 3 or 4 projects where they know they have a good chance for success and promotion. IMHO, the buyers know exactly what they are doing. Have fun all,
Bullboard Posts