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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a weak 65-92-153 as the TSX Venture Exchange rose one point to 548. James Cambon's Hudson Resources Inc. became Anortech Inc. (ANOR) late last week, but the change of name did not inspire new market enthusiasm. Oh, its stock did double on Friday -- not that a two-cent gain on 12,000 shares is much to write home about -- and it held the gain Monday on 134,000 shares, but today it failed to trade a board lot.
Today's Anortech is a poor facsimile of yesteryear's Hudson, which went public 22 years ago to pursue Greenland diamonds at the direction of Jamie Tuer, its founder and former president and chief executive officer. Hudson had enough success at its Garnet Lake diamond play in western Greenland to send its stock soaring to a high of $2.41 in 2007. Unfortunately, apparent technical problems while processing a bulk sample killed the play, but Mr. Tuer's Hudson soon found new life, getting to $1.86 in 2011 on the back of its nearby Sarfartoq rare earth project.
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