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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a pleasing 71-49-142. The TSX Venture Exchange gained six points to 780 while polished diamond prices were flat. Paul Brockington's Margaret Lake Diamonds Inc. (DIA) lost 1.5 cents to 17 cents on 156,000 shares. There has been no news in nearly two months, which is probably the problem.

Chris Taylor's Dunnedin Ventures Inc. (DVI), up 3.5 cents to 24.5 cents on 114,000 shares, has raised $1.11-million. It sold 1.75 million flow-through shares at 22 cents at the last possible moment last year, raising $385,000. It also raised $734,000 from the exercise of 7.34 million warrants at 10 cents. The cash is for work on Dunnedin's Kahuna project, northeast of Rankin Inlet on the western coast of Hudson Bay. Diamonds are the target but Mr. Taylor, president and chief executive officer, has increasingly been promoting it as a possible gold play as well.

Mr. Taylor says Dunnedin is "entering 2017 strongly positioned to benefit shareholders through ongoing exploration" at Kahuna, although he then flails around, seemingly uncertain of how to turn position into benefit. He says that he is "currently working with management and counsel" to determine the mechanics and timing of Dunnedin's plan to spin out its gold and copper assets, adding that he will update shareholders once there is information to share. (The spinout plan, launched in late November, includes the gold potential at Kahuna.)

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