Stornoway Diamond (SWY.TO) Buy, Sell or Hold

Stornoway Diamond (SWY.TO)

0.02

-0.00 (0.00%)

as of Oct 18, 2019, 8:00:00 pm Market Open.

21 watching

COMMENT

They have a decent sized resource that is in a politically safe jurisdiction. The problem with a lot of the stocks in base metals and precious metals is their difficulty in financing in order to build an operation that actually produces a significant amount of product. In this cycle, he would be very, very cautious in investing in exploration stage companies that require a lot of financing.

DON'T BUY

(Market Call Minute.) Always has tremendous potential but never seems to come through.

BUY

Likely to be the next diamond development in production in Canada. It should be all right. It’ll continue to produce news on a regular basis.

DON'T BUY

If you have over 100 Million in market cap, that tells him that the asset HAS to be a mine. The company really thinks they have a mine but the stock market is stalled.

DON'T BUY

Pure speculation. Extremely well managed. They have some of the best prospects in Canada in the north. If it’s pure exploration. The capitalization should be around $20 - $30 Million in order to make money. With their level of capitalization ($100-$130 Million), they HAVE to have a mine to justify the capitalization.

BUY

Diamond exploration story that he supports. High risk. May take years to find what they need to make a mine.

DON'T BUY

Management team is excellent. Poor results over the last year. Stay away at this point.

DON'T BUY

Management team is excellent. But because of the market backdrop he would stay away right now.

BUY

Have interesting pipes in Québec. Target is $1 so there is some upside.

WATCH

Consolidating the exploration plays in Canada. It’s just stunning what this team has done. Statistically they are going to find diamonds.

WAIT

Run by one of the top diamond explorationists in the world. This company and Contact Diamond (CO-T) have proposed a takeover of Ashton Mining (ACA-T). If you put these 3 companies together, you end up with a combined capitalization of about $250 million. This gives it a bit of firepower. Wait to see if the merger goes through.

BUY

Owns a little, not a whole lot. A little disappointed in some of their recent diamond results. From an acreage point of view, they have a huge area to explore in. Have found kimberlites. Great management team. Well financed. Won't be a short term mover. They have a lot of work to do. If you have a 5 year time horizon, it's the best one to own in the group.

BUY

Have a number of exploration pipes. Have plenty of opportunities. High risk/high reward.

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