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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 Oct 10, 2017 1:31pm
213 Views
Post# 26795383

RE:RE:I EXPECT FOR Q3 .............

RE:RE:I EXPECT FOR Q3 .............Second Quarter ended June 30, 2017 Highlights Net income of $2.3 million or $Nil per share on a basic and fully diluted basis. Diamond sales of 350,159 carats were completed with proceeds of $40.9 million. Revenues during the quarter totalled $42.6 million Third Quarter Net income ??? Diamond sale 438,632 carats sold with proceeds of 51.6 million Revenues during the quarter totalled ????? Take your guess but we are up by 10.7 million from the last quarter $$$ I wondered where are the diamonds because it is not made a 1.69 million carats sold and they say nothing to keep surplus ????????????? From the beginning of ore processing at the Renard Mine in July 2016 to September 30, 2017, 1.83 million tonnes of ore have been delivered to the process plant resulting in the production of 1.69 million carats of diamonds at 92 cpht. This compares favourably with the March 2016 mine plan of 1.68 million tonnes and 1.50 million carats at 89 cpht (+10%, +13% and +4% respectively).
Bullboard Posts