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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 yyyyogion Aug 11, 2017 12:42pm
241 Views
Post# 26571570

$$$$

$$$$Summer doldrums, I hope!
As everyone else, not sure what's happening. What I'm interested in is the money from the diamond sales. From what I've read, that cash is still coming in. Another sale starting next week. By year end $150 - $200 million dollars - pretty substantial for a "single" mine with projected life of another 39 years. What will become of the money? Surely Matt and BOD's can't squanter it all - will they resurect Aviat, check out Paragrine, find sources close to Renard, buy back shares, provide dividends - I prefer the latter, or something else??  And this is all  without the "big" stones. I'm optimistic.
Bullboard Posts