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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a weak 52-66-147. The TSX Venture Exchange gained three points to 825 while polished diamond prices slipped slightly. Lukas Lundin's Lucara Diamond Corp. (LUC) gained one cent to $4.08 on 1.09 million shares, as it continues to shrug off the negative assessment of BMO analyst, Edward Sterck, who set a $3.25 target for the stock late last month. The stock fell to $3.55 on the news but has since regained most of its loss.

Nicholas Houghton's True North Gems Inc. (TGX), which crashed five cents to one-half cent on over 52 million shares Wednesday, closed unchanged at one-half cent on 19.87 million shares today. The company's 76-per-cent-owned subsidiary, True North Gems Greenland (TNGG), which had been quietly but frantically trying to raise the cash needed to finish its Aappaluttoq ruby and sapphire mine on southwestern Greenland, threw in the towel this week, filing for bankruptcy. There were major warning signs that the Aappaluttoq project was in trouble, as months have passed with little progress on the parts of the mine yet to be completed.

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