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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 Select_Investoron Nov 19, 2013 12:51pm
189 Views
Post# 21919652

RE:RE:A NEW GENERATION ... OF BUYERS

RE:RE:A NEW GENERATION ... OF BUYERSLC I respectfully disagree with you and wish you the best.

All I am saying, this stock prise is very cheap and will rebound sooner than later. There is a lot a reasons and facts that can support this ... just do your own due diligence.

SWY  will have 95¢ of cash money in their bank account in December. Dilution is done at 95¢. I believe that we are better off with this 10 millions dollars cash money to advance this project than doing nothing to increase ressources. Good for investors that will receive a tax rebate for exploration investment. Anyway SWY , would not be able to use these exploration expenses for years. Good news for SWY and good news for investors. 

From an investor point of view, the shaft delay is a great decision. It lower construction cost by 50 millions therefore less cash will be required to start this project and that means less dilution ... so this is a great news. Many years down the road while share price will be 3-7$/sh and they will have a bank account full enough to pay it cash then they will keep producing on an other kimberlite while they will add the shaft. I see only opportunities.

All changes expected are on optimization. We will get more good news like this one: Annual operating cost reductions of between $8 million and $10 million over the initial 11 year mine life, representing a life of mine operating cost saving of $89 million

Stay focus ... stay positive ... and get cash reward ... sooner that later ...
LC, you deserve a big reward ...
Best to all
Bullboard Posts