TSE:SWY

0.02
0.00 (0.00%) 1d
0
DON'T BUY
Quebec government involvement? A great learning experience for him in the past. He would never buy anything on the promise of future revenues. He sold out and took a loss. He stays away from a company that always has problems. The government involvement is good, but they are generally not smart investors. A speculative play. He would stay away.
precious metals

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COMMENT

They just put a mine into production. The good news is they have produced more karats than expected, but the bad news is what has happened in India. He hopes it stabilizes and goes away.

precious metals
COMMENT

He thinks the diamond market will come back. Over time there was dilution. Stock consolidations often kills the stock price for a year. He usually sells before a consolidation. He will not buy a company with zero revenues unless they are coming in the next year.

precious metals
COMMENT

It is the usual issue with any new mine. Let’s see how the ramp-up goes. There are always issues. He always likes to discount things at least 25%. It is going to take longer and cost you more and take longer to finally get to economic production, and he assumes this will be no different. Thinks the stock is sort of pricing in that expectation.

precious metals
WAIT

Stocks start to trade up close to production, but no mine will work flawlessly immediately. He likes it, but thinks it will not come in at operational capacity right away.

precious metals
COMMENT

Had owned this 7-8 years ago and it was a major lesson. They had talked about coming into production a few years ago, and didn’t quite make it. Then they went through massive dilutions, and he lost a lot of money. He now doesn’t buy into any company that doesn’t have revenues. Doesn’t follow this closely anymore.

precious metals
DON'T BUY

He used to own it and did poorly. He does not like to buy into companies without revenues. It has taken years and years and years to get it up and running.

precious metals
BUY

Good momentum characteristics. He exited late last year. They are one of the few diamond mines. It is a quality cyclical stock. They have chunky cash flow because of the way they sell diamonds at auctions.

precious metals
DON'T BUY

These stocks can do well all the way through to February and then they tail off. This one has been dreadful. Seasonally, you don’t want to be invested in material stocks during the summer.

precious metals
COMMENT

Had owned this years ago, but had his head handed to him on a platter. This was perceived to be a gem of a company with a great, great future, but unfortunately they didn’t have revenues. They have a lot of financial backing with the Québec government behind them. They would have to be further along in their process for him to be interested. At some point this could be a good play, but the question is, when is a good time to get in. He is not interested.

precious metals
BUY

It is more expensive to mine this one. You have to go underground. It appears to be quite rich.

precious metals
COMMENT

The only diamond stock he owns. Has a great asset. You’ll have to wait 2 or 3 years before they are into production, 2017-2018. They are going to have a huge amount of cash flow. Very nice looking project. As they de-risk the project, you will see it rise. Have a government that seems to be clearly on side with the project moving forward.

precious metals
COMMENT

In the phase of constructing as well as raising money to construct a diamond operation in Canada. Raising money is going to take time. He is favourable on diamonds in the back half of the year. Somewhat of a China trade. Because this company is in the building phase, you are going to have to be patient.

precious metals
COMMENT

Had lost patience with this. This is a company that had no revenues and they kept on diluting the stock, which is always a major danger. Doesn’t know if they have any revenues at this time.

precious metals
RISKY BUY

It is hard to finance junior diamond miners. But once they line up all the partners, thinks this could be a potential mine, but high risk.

precious metals
Showing 1 to 15 of 28 entries

Stornoway Diamond(SWY-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Stornoway Diamond is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Stornoway Diamond(SWY-T) Frequently Asked Questions

What is Stornoway Diamond stock symbol?

Stornoway Diamond is a Canadian stock, trading under the symbol SWY-T on the Toronto Stock Exchange (SWY-CT). It is usually referred to as TSX:SWY or SWY-T

Is Stornoway Diamond a buy or a sell?

In the last year, there was no coverage of Stornoway Diamond published on Stockchase.

Is Stornoway Diamond a good investment or a top pick?

Stornoway Diamond was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Stornoway Diamond.

Why is Stornoway Diamond stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Stornoway Diamond worth watching?

0 stock analysts on Stockchase covered Stornoway Diamond In the last year. It is a trending stock that is worth watching.

What is Stornoway Diamond stock price?

On 2019-10-18, Stornoway Diamond (SWY-T) stock closed at a price of $0.02.