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 Friday was a ho-hum 66-81-143. The TSX Venture Exchange fell another six points to 530 while polished diamond prices edged lower. Michael Callahan's eCobalt Solutions Inc. (ECS) gained 4.5 cents to 51 cents on 1.03 million shares. There has been no news since October.
Jean-Raymond Boulle's Diamond Fields Resources Inc. (DFR: $0.075) has a promotable diamond haul from its ML-111 licence off the coast of Namibia. The company and its co-venturer, International Mining and Dredging Holdings Pty. Ltd., recovered 25,151.6 carats in a 25-day period ending in early December. Sybrand van der Spuy, president and chief executive officer, says that mining at ML-111 is expected to continue until mid-January, when it will pause for an operational performance review. He says that mining is expected to resume later next year after the review, as part of the partners' plans for six months of non-continuous mining. Mr. van der Spuy says that the diamonds have been sent to Europe for valuation, cleaning and sorting in preparation for sale.
The remainder is available to Stockwatch subscribers.
© 2020 Canjex Publishing Ltd. All rights reserved.