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Diamond & Specialty Minerals Summary for Dec. 31, 2018

2018-12-31 19:14 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a promising 98-64-128. The TSX Venture Exchange added five points to 557 while polished diamond prices were flat. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) ended the year down one-half cent to 25.5 cents on 278,000 shares. The company's loyal retail shareholders are banking that 2019 will be the year that their Star-Orion South diamond in central Saskatchewan project is proven to be economic, thanks to a big Rio Tinto bulk sample.

Debut Diamonds Inc. (DDI), unchanged at one cent on 6,000 shares, is going through the change. The makeover will probably mark the company's diamond departure, it never having managed a proper debut in the seven years since it began life as a diamond spinoff from Frank Smeenk's KWG Resources Inc. (KWG: $0.005). KWG sold its remaining 122.4 million shares at 0.4 cent to four investors in late November. The buyers included 55-year-old Jason Goldman, a lawyer who is keeping busy and possibly productive "performing management and advisory roles with a focus on the formulation and implementation of business strategies."

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