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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 goofenoffon May 16, 2012 8:00am
163 Views
Post# 19914201

RE: So....?

RE: So....?

The answer to your question is in the new (released May 14th) ppp (power point presentation)

Going back a few posts you will find the URL for download

or go to slideshare and search: Stornoway.

Look at pg 9: Production & Revenue Schedule

Look at pg 14: Permitting & Dev. Schedule

This will give your a timeline for activities that management proposes.

2016 will be start of mine production & 2017 will be the first expected positive REVENUE in my opinion.

Until then many hurdles are to be overcome. Investors will approve or disapprove of management or outside influences. That will make the share price fluctuate. It is up to the investor to recognize the ups and downs with trading in and out to build a position or hold present securities if so inclined for a 5year tie up of your money without taking profits.

 

If trading in and out, it is suggested to: hold a core position and a predetermind (percentage) amount of shares is used for trading activity, out when SP is up, in when SP is down to build a better position (increase amt. of SH held or keep profits without increasing share amount.

All the Best with your investment, goofy

Bullboard Posts