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Diamonds & Specialty Minerals Summary for May 25, 2015

2015-05-25 21:04 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 42-55-144. The TSX Venture Exchange fell three points to 700 while polished diamond prices were flat. Ken MacNeill and George Read's Shore Gold Inc. (SGF) fell one-half cent to 19.5 cents on 934,000 shares. Shore, 24 cents last week and 18.5 cents at times today, is offering 10 million shares at 20 cents. Paul Gorman's Great Lakes Graphite Inc. (GLK) gained 1.5 cents to 8.5 cents on 2.18 million shares. The company has been promising -- and delaying -- a maiden resource estimate for its Lochaber graphite project in southwestern Quebec for some time. The latest delay is the result of Great Lakes wanting to include high-grade hydrothermal lump vein material in its estimates, not just the lower-grade material previously encountered. Mr. Gorman says the latest delay will be a matter of weeks, not months, but the wait has been dragging on for years, dating back to when Rock Tech Lithium Inc. (RCK: $0.04) owned the play.

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