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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
Comment by Diopsideon Dec 10, 2009 4:15pm
416 Views
Post# 16575048

RE: Until the share price moves, Management is acc

RE: Until the share price moves, Management is accManagement has managed to progress the project steadily towards mine development while finding promising new properties. They have also brought in significant blocks of shareholders who bought shares at a premium to mitigate dilution: RTP, AEM, Lorito.

I don't really care if the shareprice is low right now compared to some other peers as long as there is limited dilution and work continues on the project.

I can see if someone is looking for a short-medium term flip how they would be dissatisfied with preformance. However, gems are the hardest resource type to prove-up and thus have the longest timeline to production.
Bullboard Posts