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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a disappointing 40-56-145. The TSX Venture Exchange fell eight points to 691 while polished diamond prices rose 0.2 per cent. Patrick Power's Arctic Star Exploration Corp. (ADD) fell one-half cent to four cents on 76,000 shares. Arctic Star is trying to raise nearly $2-million for summer exploration programs on its diamond projects in Canada's North. The company said last month that it was offering regular shares at five cents and flow-through shares at six cents, but the stock has been trading below five cents for the past two weeks. Arctic Star has big plans for its Grail project in central Nunavut and its Triceratops and T-Rex properties near Lac de Gras, but it is currently broke.

Glenn Kelly's Orbite Aluminae Inc. (ORT) gained one cent to 26 cents on 2.48 million shares. Orbite is in line to receive $7.5-million in new tax credits from the Quebec government, probably the only benefit of a big cost overrun at its high-purity alumina (HPA) plant near Cap Chat on Gaspe peninsula. Orbite says it "intends to leverage these refundable tax credits toward the finalization of its financing plan" for the HPA plant. In other words it will try to complete the plant on schedule without racking up more debt.

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