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by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a mediocre 51-63-143. The TSX Venture Exchange rose fractionally to 776 while polished diamond prices rose 0.2 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) lost one-half cent to 34 cents on 189,000 shares. The stock leapt from its 20-cent perch to a 44-cent high in early June. It is now fluttering lower in the absence of news.
Ellen Clements's New Nadina Explorations Ltd. (NNA), unchanged at 11 cents on 1,000 shares, is seeking an extension to its five-year land use permit for the Monument diamond project on the south shore of Lac de Gras. The permit, granted in September of 2012, is set to expire unused. New Nadina currently owns a 57.5-per-cent interest in Monument, which it acquired in 2002 by taking expiring claims owned by Kennecott Exploration Canada Inc. to lease. Dr. Stewart Blusson's Archon Minerals Ltd. (ACS: $1.13) also got in cheaply, paying $15,000 for a 10-per-cent interest. (It subsequently contributed an extra $750,000 to boost its interest to 20.4 per cent.) Dr. Christopher Jennings and his wife Jeanne Jennings own a 22.1-per-cent interest, which they bought from SouthernEra Diamonds Inc. for $1-million in 2006.
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