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Diamonds & Specialty Minerals Summary for March 23, 2015

2015-03-23 18:01 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a 51-51-149 draw as the TSX Venture Exchange fell fractionally to 670. Polished diamond prices inched upward. Brian Testo's Grizzly Discoveries Inc. (GZD) fell one cent to five cents on 35,000 shares. Grizzly hired Brazil-based Stephen Smart as an investor relations consultant six weeks ago on a two-year term. Mr. Smart is a corporate finance consultant who specializes in "introducing clients to investment opportunities." Mr. Testo is not making those introductions easy: he has said nothing about Grizzly's plans for its Albert diamond and potash plays or its metals prospects in British Columbia since hiring Mr. Smart. Pacific Wildcat Resources Inc. (PAW) closed unchanged at one-half cent on 355,000 shares. Pacific has now confirmed Friday's Twitter reports that a Kenyan court ruled against the company in its fight to prevent the Kenyan government from revoking a mining licence for the Mrima Hill rare earth project. An appeal is apparently already in the works.

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