GREY:SWYDF - Post by User
Comment by
pharesfon Nov 08, 2013 2:56pm
176 Views
Post# 21889761
RE:RE:Stornoway Potential
RE:RE:Stornoway PotentialIf SWY opts out, that action may have negative short term impact on North Arrow SP. Could be a decent opportunity to form a position. Though after SWY'S toll on my patience and some losses in SGF they have really made me want to get out of the diamond sector. A few posts back, amidst the locker room banter, someone posted about going ahead with construction despite having the financing formally announced. We'd chew through our money fast and looking at the construction plans seems to suggest a lot of infrastructure would need to be set up before mining. In my opinion, that would put us in a position that wouldn't hold many cards and potentially forcing us to take a deal that may not have been in our best interests to get the remaining funds. How many of Matt's timeline objectives can be met before we need the startup financing money? The confidence in the schedule almost seems like financing is there just working out the kinks.... i hope!!! - Phares