22:55:18 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Diamonds & Specialty Minerals Summary for Nov. 28, 2014

2014-11-28 21:01 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 Friday was a discouraging 43-58-165. The TSX Venture Exchange continued its relentless slide, dropping 13 points to 741, just 63 points above its 2008 low of 678. Polished diamond prices remained flat. Dr. Tom Morris's Northern Superior Resources Inc. (SUP) closed unchanged at 2.5 cents on 581,000 shares. Dr. Morris, who is more a gold man than a diamond hunter, is seeking a joint venture partner willing to drill 10 kimberlite targets on its Ville Marie play in Quebec. Scott Nelson's Titanium Corp. (TIC) slumped 24 cents to 95 cents on 125,000 shares. Titanium has been deathly quiet since July. A few shareholders said today they were buying on fear. More of them have been selling on fear: their stock has been slipping steadily from its August high of $2.14.

Jean Raymond Boulle's Diamond Fields International Ltd. (DFI), unchanged at one cent on 21,000 shares, is talking with a contractor capable of dredging special areas on its diamond concessions off the coast of Namibia. Sybrand Van Der Spuy, who replaced Ian Ransome as president and CEO in early October, has been "busy undertaking a major review" of Diamond Fields' Namibian data. The review began a few months ago when Pierre Leveille's Afri-Can Marine Minerals Corp. (AFA: $0.01) defaulted on its option to earn a 90-per-cent interest in Diamond Fields's four concessions, the most promising of which was ML-111. (Afri-Can was to conduct a trial mining operation using its own contract miner, but failed to raise the cash.)

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