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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a positive 69-64-123. The TSX Venture Exchange added two points to 824 while polished diamond prices inched upward. Chris Bogart's Standard Graphite Corp. (SGH) gained one cent to 18 cents on 1.94 million shares. There has been no news since February, when the company sold 10 million five-cent shares.
Dermot Desmond and Patrick Evans's Kennady Diamonds Inc. (KDI) lost seven cents to $3.83 on 26,000 shares. The company, which rolled out its annual report this week, remains evasive about its plans to complete a preliminary economic assessment (PEA) of its Kennady North project. In December, Dr. Rory Moore, who replaced Mr. Evans as president and chief executive officer last spring, said that the company had "approved the expansion of the PEA" -- "expansion" being a common Howe Street synonym for "delay" -- to include the Faraday 2 and Faraday 3 kimberlites in addition to Kelvin. As a result, the study was proposed to be completed in late 2017.
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