Stornoway Diamond

SWY-T

Analysis and Opinions about SWY-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 2, 2019
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.
Show full opinionHide full opinion
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.
COMMENT
COMMENT
March 6, 2017

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
December 22, 2016

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
December 22, 2016

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.

COMMENT
COMMENT
October 21, 2016

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
October 21, 2016

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.

WAIT
WAIT
March 7, 2016

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
January 20, 2016

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
January 20, 2016

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.

DON'T BUY
DON'T BUY
June 19, 2015

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.

Show full opinionHide full opinion

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.

BUY
BUY
May 25, 2015

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.

Show full opinionHide full opinion

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.

DON'T BUY
DON'T BUY
April 24, 2015

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
February 3, 2015

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
February 3, 2015

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.

BUY
BUY
August 21, 2014

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

Show full opinionHide full opinion

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

COMMENT
COMMENT
August 5, 2014

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
July 11, 2014

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
February 18, 2014

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
February 18, 2014

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.

SPECULATIVE BUY
SPECULATIVE BUY
November 18, 2013

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.

Show full opinionHide full opinion
Stornoway Diamond (SWY-T)
November 18, 2013

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.

Showing 1 to 15 of 28 entries

Stornoway Diamond(SWY-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

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, 1 stock analyst published opinions about SWY-T. 0 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Stornoway Diamond.

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?

1 stock analyst 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.