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Diamond & Specialty Minerals Summary for Dec. 11, 2018

2018-12-11 21:27 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 59-84-147. The TSX Venture Exchange rose fractionally to 564 while polished diamond prices edged lower. Arno Brand and Sheldon Inwentash's Gratomic Inc. (GRAT), a busy trader since January, rose one-half cent to 14.5 cents on 4.41 million shares. The surge in investor interest began with the company's conversion to Gratomic from Michael England and Roger Moss's CKR Carbon Corp. (While the people changed, the key projects did not: they are just being touted from a different perspective.)

Matt Manson's -- and increasingly, the taxpayers of Quebec's -- diamond miner, Stornoway Diamond Corp. (SWY), rose one-half cent to 20 cents on 633,000 shares. The company has sold another 28.67 million shares at 35 cents to Ressources Quebec, which is owned by the Quebec government. The government has also agreed to a two-year deferral of principal repayments, negotiated in a refinancing package in early October. Ressources Quebec had initially negotiated its $10-million investment at a discount, as Stornoway's stock was trading near the 40-cent mark at the time, but the share purchase is now at a hefty premium.

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Tsx-NMX became worlds next Lithium mine in Quebec, not the investor misleading bribes plays in geopolitical mess South America, the promoters and insiders were telling investors how great the projects were when they knew the projects would never be mined, dodos letting Huawei types steal investors money while sending terrorists into the world, pathetic

Posted by Duh at 2018-12-12 09:32