This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a 59-59-150 draw. The TSX Venture Exchange fell four points to 773 while polished diamond prices edged higher. Dominion Diamond Corp. (DDC) dropped 20 cents to $11.52 on 279,000 shares. The company will reveal early next week how its Diavik mine performed during the summer quarter. An Ekati summary will presumably follow in about a month, but a plant fire significantly curtailed its production there.
Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX) closed unchanged at 6.5 cents on 208,000 shares. Metalex, one of the more active diamond explorers over the past 15 years, is now in a near catatonic state. The company was a favourite of diamond investors when its stock soared to $5.60 in 2003 -- the equivalent of $56 today thanks to a 1:10 rollback in 2009 -- but it is now mainly bankrolled by Mr. Fipke. (Mr. Fipke bought all but 100,000 shares when Metalex sold seven million flow-through shares and six million regular shares at five cents in the summer of 2015.)
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2024 Canjex Publishing Ltd. All rights reserved.