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 Thursday was a 46-46-152 draw. The TSX Venture Exchange fell one point to 692 while diamond prices were flat. Robert Gannicott's Dominion Diamond Corp. (DDC) gained nine cents to $23.75 on 516,000 shares. Dominion will pay its first dividend in seven years next week, a 40-U.S.-cent payment. (The stock has been trading ex-dividend since April 30.) Dominion will pay a 20-U.S.-cent semi-annual dividend starting this fall, which it calls "sustainable." Jay Chmelauskas's Western Lithium USA Corp. (WLC) lost four cents to 81 cents on 917,000 shares. The company is producing Hectatone drilling additive at Kings Valley in Nevada but investors are more enthused about its plan to produce Kings Valley lithium, assuming the company can finance what will be an expensive mine.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 33 cents on 115,000 shares, has wrapped up its mini-bulk test at Chidliak, on Baffin Island. As a result of an early spring, Peregrine did not drill its planned hole into each of CH-44 or CH-6. All its drilling took place at the CH-7 pipe, which had yet to receive a substantial mini-bulk test, because its size makes it a vital cog in the company's Chidliak mine plan. CH-6 has already been tested and CH-44, although likely to be included in the eventual mine plan, is smaller and of less importance. As a result, the holes into the latter two kimberlites were deemed expendable when the warm weather arrived.

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