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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a discouraging 39-64-163 as the TSX Venture Exchange fell five points to 701. Polished diamond prices, flat again today, are averaging 3 per cent less this fall than a year ago. Nevertheless, Robert Gannicott's Dominion Diamond Corp. (DDC) continues to soar. It topped $20 for the first time in six years today, closing up 63 cents to $20.13 on 1.67 million shares. Glenn Kelly's Orbite Aluminae Inc. (ORT) gained one-half cent to 35 cents on 216,000 shares. Orbite will use bricks and mortar in building a decomposer and calcinator for its high-purity alumina plant on the Gaspe peninsula. The plant is way over budget and over a year behind schedule, but Mr. Kelly says Orbite is on the cusp of being commercial. Unfortunately, "cusp" is a vague concept on Howe Street: Orbite is now promising commercial production in the spring of 2015.
Ellen Clements's New Nadina Explorations Inc. (NNA: $0.015) has appointed David Huck to its board. Ms. Clements lauds her new director as a fellow who "serves various contracts mainly focusing on organizational development." She muddled his resume further, adding that Mr. Huck had been employed as "a trust officer managing significant trust funds while on the investment board of a large trust company." (Investors will just have to trust her, since the company went unnamed.) She capped her promotion of Mr. Huck by noting he will contribute "a variety of skills" to New Nadina, although the only ones she listed were that he is "an avid athlete and enjoys travelling the world."
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