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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a disappointing 57-80-120. The TSX Venture Exchange lost three points to 797 while polished diamond prices drifted downward. Ken MacNeill and George Read's Shore Gold Inc. (SGF) hit a three-year high of 44 cents in intraday trading, closing up three cents to 43 cents on 1.39 million shares. Shore, which doubled on no news over the past month, said after the close that it is in early talks with a potential partner.

Mark Bristow and Tjaart Willemse's Rockwell Diamonds Inc. (RDI: $0.06) lost $14.5-million in its fiscal year ended Feb. 28. The big loss was an improvement over its $28.3-million river of red the year before, despite its revenues having declined to $26.1-million from $37.7-million the year before, mainly because of lower charges for depreciation. The big drop in revenue, and corresponding drop in operating expenses and depreciation charges, was the result of Rockwell having "curtailed operations at two of its mines to prevent further cash burn." (Rockwell's alluvial mines along the Middle Orange River in South Africa have been in production for the past decade; the company's treasury has smouldered in the best of times and erupted into a major conflagration during downturns in the rough diamond market.)

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