22:18:26 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Diamonds & Specialty Minerals Summary for Nov. 6, 2014

2014-11-06 20:00 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a ho-hum 53-55-163. The TSX Venture Exchange gained four points to 751 while polished diamond prices fell 0.2 per cent. Ken MacNeill and George Read's Saskatchewan diamond promotion, Shore Gold Inc. (SGF) rose 1.5 cents to 21.5 cents on 112,000 shares. Investors are still waiting impatiently for the government to approve Shore's $2-billion mine plan for Star-Orion South in central Saskatchewan. Unfortunately, the glacial pace of the bureaucrats is outpacing Shore Gold's financing effort. Cristiano Melcher's MBAC Fertilizer Corp. (MBC) gained one-half cent to 12.5 cents on 615,000 shares. MBAC, which traded as high as $3.94 two years ago and as low as five cents two weeks ago, has been inching upward after the company's creditors agreed to extend repayment deadlines for over $180-million in loans incurred during construction of its Itafos phosphate mine in Brazil.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed