22:09:58 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Diamond & Specialty Minerals Summary for Aug. 9, 2023

2023-08-09 20:45 ET - Market Summary

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 Wednesday was a cheerful 91-79-140 although the TSX Venture Exchange fell four points to 603. Dr. Stewart Blusson's Archon Minerals Ltd. (ACS), a 31-cent stock when it last traded late in June, wrapped up its annual general meeting late last week. The company's shareholders "passed all resolutions put forth," cheered Dr. Blusson -- which of course was automatic once he cast his majority vote in favour of each. (Dr. Blusson owns or controls 33.68 million shares, according to the company's proxy circular, over 62 per cent of the 53.9 million shares outstanding.)

Archon is like a time capsule from the early 1990s. It does not have a web site, nor has it ever had one, and attempts to contact the company goes about as well as -- and is about as pleasant as -- grabbing onto a muddy alligator in a swamp. Still, there have been a few recent changes to disrupt the dust gathering in the corporate offices over the last year.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.