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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a cheerful 93-82-135 although the TSX Venture Exchange fell six points to 578. Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX) rose one-half cent to 1.5 cents on 3,000 shares. The shoestring share price tells only part of the story -- just ask the poor fellow who shelled out $5.60 for 500 shares back in 2003. Today, that holding has shrunk to 50 shares courtesy of a 1:10 rollback in 2009, and so the $2,800 buy is now worth 50 cents -- a loss of 99.98 per cent.

Those with a lust for news and time on their hands can have a read of the company's latest quarterly report -- but be prepared for a sense of deja vu. In fact, the company's 3,050-word summary of its several properties is unchanged from the previous version, save for tacking three months onto a few of the pertinent dates. And so, one could quickly conclude that Metalex did next to nothing through its most recent quarter.

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