08:50:11 EDT Mon 14 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for Feb. 25, 2019

2019-02-25 20:45 ET - Market Summary

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 on Monday was a so-so 76-81-144 as the TSX Venture Exchange rose fractionally to 623 and polished diamond prices were flat. Michel Fontaine and Andre Audet's Albert Mining Inc. (AIIM), a four-center 10 days ago, added another 3.5 cents to 13 cents on 17.96 million shares. The company had no explanation for the surge in buying, but today, Mr. Audet stepped down as chairman, effective immediately.

Andrew Lee Smith and Glen Macdonald's True North Gems Inc. (TGX), up 2.5 cents to 15 cents on 1,000 shares, has sold 10 million shares at 7.5 cents, raising the $750,000 it had been seeking. The cash, says Mr. Smith, interim chief executive officer, and Mr. Macdonald, a director, is for "working capital, general corporate purposes and resource exploration purposes." There is a pressing need for cash for working capital and general purposes, assuming True North intends to settle its $5.4-million working capital deficiency without resort to a pennies-on-the-dollar arrangement, but the company has no active exploration projects requiring cash.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.