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 lethargic 46-42-162 as the TSX Venture Exchange gained one point to 681. Polished diamond prices inched lower. Robert Gannicott's Dominion Diamond Corp. (DDC), $22.82 recently, fell another 12 cents to $21.44 on 187,000 shares. There is no news to account for the recent slump, which is likely the result of profit taking ahead of the company's fiscal 2015 financials. Aubrey Eveleigh's Zenyatta Ventures Ltd. (ZEN) lost three cents to $1.85 on 14,000 shares. Zenyatta is still working on its preliminary economic assessment of its Albany graphite project in Northern Ontario. The dream sheet is over a year late, prompting fears it could be a nightmare. The company's promotion has hinged on Zenyatta being able to command an unusually high price for its graphite.

Patrick Evans's Mountain Province Diamonds Inc. (MPV), up 28 cents to $4.49 on 555,000 shares, has "successfully completed primary syndication" of its long-awaited $370-million (U.S.) term loan facility. The process is taking longer than expected, in part because late last fall Mountain Province replaced Deutsche Bank AG with the Bank of Nova Scotia as one of three mandated lead arrangers "for reasons unrelated to the specifics of the transaction." The cash is needed to cover the company's share of an $860-million mine at Gahcho Kue, 250 kilometres northeast of Yellowknife. (Mountain Province is responsible for 49 per cent of the costs. It must also make an additional payment to its majority co-venturer, De Beers Canada.)

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