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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 CravenRaven101on May 27, 2011 4:03pm
344 Views
Post# 18636916

RE: YOU HEARD IT HERE FIRST!!!!

RE: YOU HEARD IT HERE FIRST!!!!UNLIKELY simply because majority of shares are held by VERY FEW hands... with the BIGGEST hands being the QUE Gov't. GIVEN the Government's commitment to infrastructure, and to a 100MM line of credit. an offer at this point would be VERY PREMATURE... ITS my opinion that SWY Managment has undergone some life changes... and that the group as a whole IS now more interested in Developing and operating than they are in exploring and selling... Given the potential valuation there's little chance SWY managment will unload prematurely ... I would NOT say that there's a 100% chance mgmt will over look the right offer... I am saying.. that at this time... there is NO way to correctly define what the "right offer" is... So... it will not be until Sept-November before that offer would even materialize.

It's MY opinion git yer own.
Bullboard Posts