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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 shambano1on Mar 22, 2017 8:53am
227 Views
Post# 26012487

we have a working and profitable mine

we have a working and profitable minethe profit part still needs to be confirmed but as LC has mentioned, 3 diamond sales under our belts, the mining process continues to improve , underground mine development back on schedule and kinks with larger stones breakage is also coming along.

so all things point to a successful stand alone diamond mining company for the next 12 or maybe 20 years with further drilling and exploration.

one thing I have learned lately, a mine in the hand is worth 2 or even 3 in the bushes and I repeat we have a good mine.

I have also learned that diamond produciton on a world scale is or has peaked, these types of mines are very capital intensive to discover and build and usually in very remote locals.

again we have a working mine with more reserves in and around the current deposits.

maybe we need scale, bigger is better we are told.

if diamond produciton is in fact peaking, and clean bloodless diamonds are going up in value, then I repeat, we have what you want.

is a merger with dominion a good thing?

I think it might help them more than us, unless we get a really good value for our shares but SWY is controlled by much bigger shareholders than us lonely retail investors, so in the end they will decide our fate.

but where there is smoke , there is fire, something will transpire.

even a sale of dominion for a good valuation will help SWY with or without a merger.

1.50 is my minimun sale price but that's just my own opinion on what SWY shoud be trading at.

DYODD
Bullboard Posts