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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 Eric35on Aug 16, 2017 10:50am
325 Views
Post# 26587273

RE:a billion spent already - relax everyone

RE:a billion spent already - relax everyoneTotally agree with you, I also understand that people are disappointed with the departure of SWY. I just wanted to add that De Beers and Alrosa have flooded the markets with surplus from previous years at the same time as Indian currency issue which affected all diamond producers. Now the market stabilizes. Swy last sale average of $ 101 per carat, MPVD is far from that Swy will increase production. Last 2 quarters Capital expenditure of 37.4 million which will not be the next year and will be in profits. Last quarters Net income 2.3 million. A Beginning It must be remembered that the mine has a minimum duration of 14 years. In early July when it dropped to 0.69c and return fairly quickly to 0.83. The same people will redo the money. An article on stockhouse homepage (opinion and analysis) that talks about diamonds: TGR: Let's switch to diamonds, which your newsletter also covers. Any companies you want to talk about there? JK: As in uranium, I like to find things that are not interested in the diamonds. I was at the annual Prospectors & Developers Association of Canada meeting in Toronto back in March, and it was a big crowd, lots of good energy. I went to a diamond presentation that had some pretty high-quality companies presenting and the room was almost empty. Chuck Fipke, a billionaire who found Canada's first diamond mine, and Eira Thomas, who helped discover Diavik, Canada's second diamond mine. She was also the CEO of Kaminak when it was taken over by Goldcorp. Eira is a co-founder and director of Lucara Diamond Corp. (LUC: TSX.V) and continue to have an interest in diamonds. Some of the biggest mining companies in the world are very interested in diamonds because a profitable diamond mine is a very powerful cash machine. For example, the new boss of Rio Tinto Plc (RIO: NYSE; RIO: ASX; RIO: LSE; RTPPF: OTCPK), Jean-Sebastien Jacques, has talked about how he loves the diamond business. And Rio Tinto is a joint venture with Shore Gold (SGF: TSX), which is exploring for diamonds in Saskatchewan. And then of course, De Beers for a long time had almost monopoly on diamond production and marketing. It is now majority owned by Anglo American (AAL: LON), and De Beers has been a real profit generator for Anglo American. Read more at https://www.stockhouse.com/opinion/independent-reports/2017/08/15/11-opportunities-gold-uranium-and-diamonds#yv12kSckoVRMBEUX.99 Totalement d'accord avec toi, je comprends aussi que des gens sont desappointes du depart de SWY. Je voulais juste rajoutes que de Beers et Alrosa ont inondes le marches avec les surplus des annees precedentes en meme temps que indian currency issue ce qui a affecte tous les producteurs de diamant. Maintenant le marche se stabilise. Swy dernieres vente moyenne de 101$ par carat, MPVD est loin de ca Swy vont augmentes la production. Last 2 quarters Capital expenditure de 37,4 millions qui ne seront pas la l'annee prochaine et seront en benefices. Last quarters Net income 2.3 millions. Un commencement Faut pas oublier que la mine a une duree au minimum de 14 ans. Au debut juillet quand ca tomber a 0,69c et ca retourner assez vite a 0,83. les meme gens vont refaire la meme chose
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