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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a mediocre 67-71-124. The TSX Venture Exchange gained three points to 795 while polished diamond prices jumped 0.3 per cent. Paul Brockington's Margaret Lake Diamonds Inc. (DIA) gained one cent to six cents on 1.02 million shares. One million of the shares went to one buyer who is apparently encouraged by the company's drill targets just north of Gahcho Kue.

What was once Ray Hrkac's GGL Resources Corp. (GGL) dropped 3.5 cents to 12.5 cents on 11,000 shares. GGL has shuffled its management and replenished its treasury for another stab at diamond exploration in Canada's North. Douglas Eaton's Strategic Metals Ltd. (SMD: $0.425) now owns 45 per cent of GGL's stock, which was rolled back 1:5 in mid-September. Strategic Metals bought 10 million of the 15 million shares that GGL just sold at 10 cents.

As a part of the restructuring, Graham Eacott, a GGL director since 2007 and the company's interim chairman and chief executive officer for the past year, has resigned in favour of Mr. Eaton, who will be the company's CEO. (The switch is not much of a youth movement: Mr. Hrkac was well over 80 when he stepped down and Mr. Eacott was well into his 70s, but Mr. Eaton is not that far behind -- his 70th birthday looms just a few years ahead.) GGL's board has also changed. Mr. Eacott and William Meyer have stepped down, and Mr. Eaton, Matt Turner and Elizabeth Flavelle have been appointed to join two continuing directors: William Barclay and Nick DeMare, who stepped down as chief financial officer.

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