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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a pleasant 77-64-123. The TSX Venture Exchange gained seven points to 757 while polished diamond prices edged lower. Ken MacNeill and George Read's Shore Gold Inc. (SGF) lost one-half cent to 18 cents on just 15,000 shares. The company is drilling at Orion South to improve its model of the mammoth pipe. Unfortunately, Shore' stock remains stuck in a narrow range around the 20-cent mark.

Matt Manson's Stornoway Diamond Corp. (SWY) closed unchanged at 92 cents on 2.75 million shares. The company's stock has been gradually sinking since it traded at $1.04 in mid-June, as a large block of warrants are set to expire Friday. The warrants, issued two years ago as a part of the company's big financing for its Renard diamond mine, are exercisable at 90 cents and at last report, 93.7 million of the 94.3 million issued were still outstanding. If the bulk of the warrants have not yet been exercised, shareholders might be hoping Stornoway's stock (briefly) slips below 90 cents until next week, as the warrants represent another 10-per-cent dilution of their shares.

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