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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a cheery 54-31-152. The TSX Venture Exchange rose fractionally to 524 while polished diamond prices were flat. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) jumped 97 cents to $14.26 on 569,000 shares. There was no corporate news to account for the gain, just as there was no explanation for the company's $11 slide from $24.60 through the summer. Glenn Kelly's Orbite Technologies Inc. (ORT) closed unchanged at 25 cents on 871,000 shares. Orbite has been a favourite of short sellers recently, but not to the extent it was when its stock collapsed early in 2013.
Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN), down one-half cent to 21 cents on 21,000 shares, has recovered another small diamond in a soil sample collected at its Malatswae project, 90 kilometres southeast of Orapa in Botswana. (The stone, just under one millimetre long in each dimension, sat on a 0.425-millimetre sieve.) This is the fourth diamond to turn up in soil samples collected in the MSC area, which is near the centre of the MX14 magnetic anomaly. MX14 is a significant target, measuring 480 metres long and 230 metres wide, and the latest diamond recovery has undoubtedly boosted its priority. Four diamonds do not a train make, but Pangolin says they "define a trend parallel to one of the dominant wind directions in the area."
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