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Diamonds & Specialty Minerals Summary for May 29, 2015

2015-05-29 20:44 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was an unimpressive 45-50-155. The TSX Venture Exchange fell fractionally to 692 while polished diamond prices were flat. Ken MacNeill and George Read's Shore Gold Inc. (SGF) closed unchanged at 20 cents on 588,000 shares. Shore is selling 10 million shares at 20 cents, mainly to the company's existing shareholders, for the drilling and promotion of its Orion South kimberlite. The company hopes to upgrade six million inferred carats so it can include them in its economic studies. David Fennell's Reunion Gold Corp. (RGD) fell one cent to 1.5 cents on 2.84 million shares. The company is working a manganese play in Brazil, but it has said not a peep about it -- or anything else -- since February. Silence is uncharacteristic for Mr. Fennell, who promoted himself as "Doctor Death" in his days as a CFL defensive linebacker, and then went on to tout many a Howe Street resource play.

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