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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a poor 53-92-142. The TSX Venture Exchange fell six points to 718 while polished diamond prices rose 0.15 per cent. Frank Smeenk's thinly financed and thinner trading Debut Diamonds Inc. (DDI) closed unchanged at one cent on 3.01 million shares. The company's last exploration on its Northern Ontario diamond projects occurred several years ago. It says the results were "discouraging," yet it maintains its optimism about the potential for the properties and says, or at least suggests, that further work will occur once it obtains additional financing. Still, that could be the Howe Street synonym for "never," as Debut has never raised more than a pittance over the years, save from its own insiders.

Today was the last day of trading for Jeffrey Cocks's Power Americas Mineral Corp. (PAM), which closed unchanged at 12.5 cents on 27,000 shares. On Wednesday, the company will begin trading as Edison Cobalt Corp. The switch stems from the company's springtime acquisition of the old Thomas Edison mine, a 16-hectare property in the heart of the company's Kittson-Cobalt project in Northeastern Ontario. At the time, Mr. Cocks, president and chief executive officer, called the old mine, which was worked by Thomas Edison in the early 1900s as a source of cobalt for iron-cobalt batteries, a "landmark acquisition for the company."

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