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Diamonds & Specialty Minerals Summary for Sept. 1, 2015

2015-09-01 21:07 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 37-48-166. The TSX Venture Exchange fell 11 points to 547 while polished diamond prices fell 0.2 per cent. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) fell 30 cents to $15.34 on 272,000 shares. Dominion, $24.60 in June, bounced up from its most recent low of $14.34 last week. Today's decline is modest compared with the 377-point slump of the TSX. Investors are jittery nevertheless, as rough diamond prices collapsed in the last recession and Dominion struggled to pay its bills. The company seems in fine shape, but with diamonds, things can change in a hurry. Guy Bourassa's Nemaska Lithium Inc. (NMX) gained 1.5 cents to 28.5 cents on 1.07 million shares. The company is in the unpromotable stages at its Whabouchi lithium play in Northern Quebec. The drilling, assaying and calculating are done; Nemaska is now talking with the Indians, environmentalists and bureaucrats.

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