08:01:26 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Diamonds & Specialty Minerals Summary for April 24

2014-04-24 18:24 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a dreary 40-67-141. The TSX Venture Exchange rose three points to 1,014 while polished diamond prices edged lower. Eric Friedland's Peregrine Diamonds Ltd. (PGD) fell one cent to 41.5 cents on 72,000 shares. Microdiamond counts from its Chidliak kimberlites carried Peregrine to $4.65 in 2009. The numbers were so good that stock guru John Kaiser touted Chidliak as perhaps another Ekati. Results since then support his musings, at least for grade and value, but investors seem unenthused. Mr. Friedland hopes to change that with another big exploration effort on the property this year, leading to a 2015 bulk sample. Peter Dickie and Mark Smith's Niocorp Developments Ltd. (NB) fell one cent to 47.5 cents on 1.96 million shares. There is no news, but Niocorp's promotion is mired in thick mud: Niocorp says it is finalizing details of its plan to hurry the necessary work and better realize the value in its Elk Creek niobium project in Nebraska.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed