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7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals
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

7936567 Canada Inc
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Comment by movinup2on Dec 15, 2010 1:53pm
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Post# 17851194

RE: I have to admit

RE: I have to admitPardon my ignorance but perhaps someone can explain to me what is so vastly different between a 1 for 3 and a 1 for 5 consolidation? The secondary offering is what is causing dilution but when taking into account what it has cost and what it has ultimately reaped, it is a very amazing deal! Doing a consolidation is a big decision and management must have felt as I would, if we're going to do this, let's do it! Whether it is 1 for 3 or 1 for 5 shareholders still remain even from an ownership standpoint. Please, if I am off track here, please offer some mathematical assistance.
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Dealroom for high-potential pre-IPO opportunities