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Diamonds & Specialty Minerals Summary for June 17, 2015

2015-06-17 17:33 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a positive 50-44-157. The TSX Venture Exchange gained two points to 681 while polished gem prices inched upward. Robert Gannicott's Dominion Diamond Corp. (DDC) fell 37 cents to $19.28 on 821,000 shares. The stock, $24.60 in early May and above $24 until it released its first quarter report on June 10, has been falling relentlessly since then. There were no nasty shocks in the report, but there were none of the pleasant surprises that investors have come to expect. Don O'Sullivan's Pacific Wildcat Resources Corp. gained one-half cent to one cent on 2.37 million shares. The company has -- or used to have -- a big and rich rare earth project at Mrima Hill in Kenya. The Kenyan government revoked the company's licence in 2013 and Pacific's yearlong court case to overturn the revocation ended in failure in March. The company is appealing the decision and expects to present its arguments in mid-July.

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