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 positive 66-58-132. The TSX Venture Exchange gained five points to 824 while polished diamond prices were flat. David Sidoo's Advantage Lithium Corp. (AAL) gained 5.5 cents to 53 cents on 1.22 million shares. The company had no news this week but it has been busily working lithium prospects in Nevada and touting plans for another in Argentina.
The latest sales data from Dominion Diamond Corp. (DDC: $16.44) are disquieting for both Mountain Province Diamonds Inc. (MPVD) and Matt Manson's Stornoway Diamond Corp. (SWY). Both companies should be revealing their sales statistics for new diamond mines within the next month. Mountain Province, up two cents to $4.46 on 280,000 shares, is well off its high of $7.18, set last September just after its Gahcho Kue mine in the Northwest Territories began producing diamonds. Stornoway, which added one cent to 83 cents on 5.70 million shares, had been as high as $1.34 last fall, as investors anticipated the company's first sale of diamonds from its big Renard mine in Quebec.
The remainder is available to Stockwatch subscribers.
© 2018 Canjex Publishing Ltd. All rights reserved.