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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a mediocre 46-50-169. The TSX Venture Exchange fell nine points to 827 while polished diamond prices inched downward. Matt Manson's Stornoway Diamond Corp. (SWY) lost another three cents to 55 cents on 671,000 shares. Stornoway, which has had nothing but encouraging news this year, is now trading for less than half its March high of $1.22. Not everyone was happy. Shareholders who bought Stornoway near its high became disgruntled when their company had to sell several hundred million new shares at 70 cents in order to complete its $944-million financing of a mine at Renard in Northern Quebec. Now, even the buyers of those seemingly cheap shares have grounds to grumble. Don O'Sullivan and Darren Townsend's beleaguered Pacific Wildcat Resources Corp. (PAW) closed unchanged at two cents on 778,000 shares. A share cost just one-half cent last week. There is no news to account for the gain, but the company was to appear in a Kenyan court two weeks ago to argue against the government's revocation of its mining licence for Mrima Hill, a large and rich rare earth and niobium deposit. Pacific's other court appearances over the past year all ended in delays and continuances.

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