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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a slow 60-62-168. The TSX Venture Exchange lost one point to 602 while polished diamond prices edged higher. Laura Lee Duffett's Tres-Or Resources Ltd. (TRS) closed unchanged at 2.5 cents on 1.5 million shares. The company has been saying for years that its Guigues kimberlite in Quebec needs work, but it continues to do nothing.
Dermot Desmond and Stuart Brown's Mountain Province Diamonds Inc. (MPVD), up five cents to $1.79 on 251,000 shares, has a new vice-president of exploration: Tom McCandless. It is a telling move: Mountain Province has no need of a head explorer as the minority co-venturer at its 49-per-cent-owned Gahcho Kue mine, but it does have another property, Kennady North, thanks to its reabsorption of Kennady Diamonds Inc. earlier this year. The company had been expecting to have Kennady North included in the Gahcho Kue joint venture arrangement with De Beers -- soon, if one believed the hype -- but Mr. McCandless's arrival suggests it may take awhile.
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