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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a poor 58-93-128. The TSX Venture Exchange fell three points to 791 while polished diamond prices were flat. Dermot Desmond and Dr. Rory Moore's Kennady Diamonds Inc. (KDI) gained 17 cents to $2.79 on 9,000 shares. The company has been silent since early October, when it declared an inferred resource of about five million carats at its Faraday pipes, just northeast of Gahcho Kue in the Northwest Territories. Trent Mell's Cobaltech Mining Inc. (CSK) closed unchanged at 17 cents on 1.81 million shares. Cobaltech, which plans to merge with First Cobalt Corp. (FCC: $0.70), has been busy exploring but its stock has moved little since spring.

Ellen Clements's high-flying New Nadina Explorations Inc. (NNA), eight cents in late October and as high as $4.60 this week, fell 52 cents to $3.65 on 545,000 shares. The stock soared on hopes that assays from the company's Silver Queen project in Southern British Columbia will support its since-retracted claim that it drilled "high-grade sulphides." The company has yet to release those assays, but almost lost in the frenzy surrounding the Silver Queen promotion is the fact that New Nadina got a two-year extension to its land-use permit for the Monument diamond project, on the southern shore of Lac de Gras in the Northwest Territories.

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