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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a negative 42-46-150. The TSX Venture Exchange gained one point to 523 while polished diamond prices fell 0.25 per cent. Robert Gannicott and Brendan Bell's slumping Dominion Diamond Corp. (DDC) rebounded 29 cents to $12.30 on 417,000 shares. The company has been silent since mid-October. Guy Bourassa's Nemaska Lithium Inc. (NMX), up four cents yesterday on a busy day, was even busier today, dropping 1.5 cents to 37.5 cents on 1.58 million shares. Mr. Bourassa has been another quiet one of late.
Ken MacNeill and George Read's Shore Gold Inc. (SGF) lost one cent to 19 cents on 219,000 shares. The company's stock jumped to 23 cents from 17 cents earlier this week on stunning news that the company's resource estimates for the Star and Orion South pipes in central Saskatchewan had increased substantially in size and grade. The rally petered out faster than the company's loyal but long-suffering retail shareholders had expected, perhaps because potential new shareholders viewed the news skeptically. (The suffering has not only been long, it has been particularly painful: Shore's stock traded as high as $8.75 in 2007.) The most perplexing part of Shore's resource increase occurred at the Star pipe, which has not seen any bulk sampling since the company completed its 2009 resource estimate at the depth of the recession.
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