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Diamonds & Specialty Minerals Summary for Nov. 25, 2014

2014-11-25 21:00 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a ho-hum 48-54-164. The TSX Venture Exchange fell six points to 780 while polished diamond prices fell slightly. Pierre Leveille's foundering Afri-Can Marine Minerals Corp. (AFA) showed a breath of life today, gaining one-half cent to one cent on 315,000 shares. Afri-Can has been unable to raise cash for its diamond ventures off the coast of Namibia. The lack of cash cost it an option on the ML-111 licence owned by Diamond Fields International Ltd. (DFI: $0.01), but Afri-Can still holds concessions of its own in the area. Unfortunately, it is no closer to raising cash to resume work. Peter Swistak's Cavan Ventures Inc. (CVN) lost one-half cent to three cents on 236,000 shares. Cavan says it has drill permits for its Tetepiska West and Buckingham graphite prospects in Quebec. It might even do the drilling if it ever raises enough money, but Mr. Swistak is also talking about growing medicinal pot with the Indians of Kwantlen, on the Lower Mainland of British Columbia.

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