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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 xauxag9on Feb 24, 2018 6:18pm
111 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