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 60-60-137 draw. The TSX Venture Exchange gained 8.73 points to 808.59 while polished diamond prices inched higher. Jim Gowans's Dominion Diamond Corp. (DDC) lost 23 cents to $17.20 on 159,000 shares. The company has been producing strong cash flow and cheerful studies of new projects at its Ekati and Diavik mines this year, but the only thing driving its stock is takeover speculation and the latest rumours are getting stale.

Dr. Leon Daniels's Pangolin Diamonds Corp., unchanged at 4.5 cents on 31,000 shares, is selling a 1.3-per-cent gross overriding royalty for $600,000 to Dr. Christopher Jennings's Umgeni Holdings International Ltd. (Technically, Dr. Jennings is merely a beneficiary of the sole owner of Umgeni. While the identity of that owner is unclear, Dr. Jennings's wife, Jeanne Jennings, is actively involved with resource sector investments.) The royalty covers Pangolin's Malatswae, Moenyenana and Motloutse diamond projects.

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