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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
Post by CravenRaven101on Sep 15, 2011 4:57pm
259 Views
Post# 19047587

dilution?

dilution?Once the report is in hand I believe it is called BANKABLE for a reason... I do NOT discount the possibility that they may issue more equity... which is how I rationalized the consolidation... BUT I imagine that it will be bought deal and like the deal with diaquem (soquem) the shares won't trade for a considerable amount of time... I would also suggest that the ultimate financing will a combination of debs and shares... after all the next stage will be to become a diamond producer.. SWY will have income to pay down debt and reward shareholders...

One step at a time... betwen now and financing... my crystal ball (along with some wishful thinking) sees the shares spiking at near $10.00 then after the excitement fades and insiders have had a chance to cash in on their options...  settling in the 5-7 buck range...THEN the bough tdeal will hit the street... WHY would a managment group issue equity at 2 bucks... when they can issue at 2-4 times that value...

anyway... my crystal ball has clouded over... GLTA... it's MY opinion git yer own :oP
Bullboard Posts