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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 movinup2on Apr 23, 2010 12:29pm
605 Views
Post# 17024376

RE: RE: When?

RE: RE: When?Old saying or not SWY has only just closed the books on the last financing. It has been stated that the proceeds would allow them to complete all of the short term plans for the company. The trading activity on a daily basis is a reflection of limited individual investor participation and accumulation by very savvy traders. The price drifts during the day and draws a certain volume on the sell side up to a target price which are bought up at the end of the day leaving the stock with a flat performance. These pros are creating and feeding off of investor fatigue and are doing an excellent job of accumulation without waking anyone up to the underlying facts of this incredible opportunity. You can wait for a financing if you wish, who knows there is a very tiny possibility you may be right (tiny is used because we can never say never). Not likely at all!

Continue to wait for SOQUEMs exit strategy and the real likilihood of a major (see major shareholders) buying their end in return for a promise of fast tracking and financing of the project. SOQUEM is in for the good of the people and economic development of the Province of QC PERIOD! They are not in the business of operating mines, merely assuring a healthy startup of a well financed operation with the odds of success firmly on their side.

We have seen nothing but spectacular news in the last long while. The fact that the market is choking on it is good for us because when patience turns to panic on the buy side we will be in for one heck of a ride!!

All in all.......buy, buy, buy!

IMHO
Bullboard Posts