Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 xauxag9on Feb 24, 2018 6:18pm
112 Views
Post# 27615583

the creditor terms were a warning sign

the creditor terms were a warning signWhenever you see an Orion financing on a project, be very careful. They will provide the financing but they extract such favorable terms to minimize their downside, common shareholders usually get plundered. Orion also does a lot of equity trades (even shorting) to manage their and risk and exposure on their portfolio. Common shareholders are exposed to ALL the risk while the debenture holders are guaranteed the juice. Check page 4 for the financing terms. Yikes. https://s2.q4cdn.com/850616047/files/doc_financials/Quarterly%20Reports/2016/Q4/SWY-2016-AIF.pdf
Bullboard Posts