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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 54-78-132. The TSX Venture Exchange fell two points to 776 while polished diamond prices edged higher. Ken MacNeill and George Read's Shore Gold Inc. (SGF) sputtered one-half cent lower to 17.5 cents on 1.03 million shares. Many of the company's retail shareholders believe it gave away too much to Rio Tinto PLC., which can earn a 60-per-cent interest in the Star-Orion South project for just over $70-million in exploration expenditures.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 12 cents on 650,000 shares, is getting out of diamond exploration in Botswana. The company has been mum about the matter, but Diamond Exploration Strategies Ltd. (DES), a private United Kingdom-based company, says that it is acquiring a Botswana-based subsidiary of Peregrine that holds that company's 661,000 hectares of diamond exploration licences. The terms of the arrangement are unclear, but Peregrine will retain a 1-per-cent royalty on the project thanks to the $800,000 (U.S.) it has invested in the project since the company acquired it from DES in 2015. (DES continued to explore the project on Peregrine's behalf.)

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