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 Wednesday was a weak 54-71-141. The TSX Venture Exchange gained two points to 736 while polished diamond prices edged higher. Dominion Diamond Corp. (DDC) continued its modest rally, adding another 13 cents to $12.83 on 371,000 shares. This was the sixth gain in a row and the 13th in the last 16 sessions. The stock traded for just $10.46 in mid-September. Investors are expecting a solid final quarter when the company closes its fiscal year at the end of January. Anthony Huston's Graphite One Resources Inc. (GPH) traded actively, gaining 3.5 cents to 11 cents on 7.63 million shares. There is no news to account for the enthusiasm, at least not yet.

Mark Bristow and Tjaart Willemse's Rockwell Diamonds Inc. (RDI: $0.075) has won its legal fight against C-Rock Mining Ltd., a former mining contractor that had operated some of the company's alluvial mines on the Middle Orange River in northwestern South Africa. A South African High Court judge dismissed an application for a spoliation order filed by C-Rock, awarding all costs to Rockwell. Mr. Willemse, chief executive officer since James Campbell abruptly departed in September, says that the court decision will allow Rockwell to resume mining within a few days. He presumably is referring primarily to Wouterspan, where the company wants to boost production to 200,000 cubic metres per month, rather than to Remhoogte-Holsloot and Saxendrift, two mines that Mr. Willemse has decided "do not fit the business model."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS