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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a poor 53-87-125. The TSX Venture Exchange fell 15 points to 790 while polished diamond prices fell 0.1 per cent. Rodney Irwin's Stans Energy Corp. (HRE) lost one cent to 4.5 cents on 2.08 million shares. The company still hopes to regain something from the Kutessay II rare earth project that the Kyrgyzstan government reclaimed from the company over a year ago, but it is now pursuing a lithium prospect in Russia as its fallback plan.

Terry Tucker's Tango Mining Ltd. (TGV), unchanged at eight cents on 5.67 million shares, is still trying to close its purchase of the BK-11 diamond mine in Botswana from Firestone Diamonds Ltd. Firestone has granted Tango another extension to give it time to raise the $8-million (U.S.) purchase price. Mr. Tucker, Tango's president and chief executive officer, has arranged a $10-million (U.S.) loan with a number of lenders to cover the cost and provide Tango with a bit of working capital. The loan will pay interest at 12 per cent and will be payable on demand, or one year after closing. In addition, the lenders will also receive the maximum number of shares allowed, which today would be about 28.77 million, worth $2.3-million.

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