GREY:SWYDF - Post by User
Comment by
movinup2on Mar 25, 2010 12:38pm
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Post# 16923747
RE: Stornoway increasing ownership to 100%
RE: Stornoway increasing ownership to 100%SOQUEM is not in the business of building and operating mines ,however, their mandate is to ensure that properties at SWYs stage are brought into production in the quckest and most advantageous fashion for the Province of Qc. As SWY would be left to raise large amounts of $ (with SOQUEMs assistance mind you) one would have to question if that is the scenario which would be seen as most beneficial. I will just throw out an alternative scenario. AGE recently raised a large amount of $ and already have displayed confidence in SWY by participating in the last financing. A strong possibility would be for SOQUEM to sell their interest to AGE for market price with agreements in place as to future financing and the fast tracking of opening a mine. If financing and agreements to time lines were agreed upon SWY will fly!! MHO and food for thought only!!