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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a disappointing 49-61-147. The TSX Venture Exchange gained one point to 763 while polished diamond prices inched higher. Ken MacNeill and George Read's Shore Gold Inc. (SGF) continued its graceless flop from an all too brief three-year high of 44 cents in early June, falling another cent to 23 cents on 735,000 shares today. Shore Gold signed two deals late in June. In one, it bought out its inactive co-venturer at Fort a la Corne, Newmont Mining Corp., for 53.8 million shares. In the other, it granted Rio Tinto an option to earn a 60-per-cent interest in the Fort a la Corne project and its adjoining Star property.

Andrew Lee Smith's foundering True North Gems Inc. (TGX), unchanged at one-half cent on 500 shares, has lost five directors and replaced them with two new arrivals. Only Mr. Smith stayed on. Robert Boyd, Peter Friedmann, David Parsons, John Ryder and Raymond Simpson all resigned last week. Victoria-based Ken Ralfs and Vancouver-based Glen Macdonald will join Mr. Smith on the company's streamlined board.

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