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Diamond & Specialty Minerals Summary for March 19, 2019

2019-03-19 20:48 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a weak 71-83-147 as the TSX Venture Exchange rose three points to 636 and polished diamond prices edged lower. Stornoway Diamond Corp. (SWY) closed unchanged at 19 cents on 883,000 shares. The stock, shackled to the 20-cent mark for the past two months, has been edging toward its all-time low of 17 cents, set late last year. The company's new head, Patrick Godin, will reveal Stornoway's 2018 results late this month, and investors are pessimistic.

Brian Daltron and John Baker's Altius Minerals Corp. (ALS), down seven cents to $13.17 on 43,000 shares, is plodding ahead with the spinoff of its Lynx diamond project in Northern Manitoba as a new public company: Adia Resources Inc. A private group of prospectors quietly worked Lynx for over a decade, but the story got attention two years ago when Altius signed on as a partner, stepping up the sampling and amassing a significant parcel of microdiamonds in the process.

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ethically mined cobalt....but the real question is...will ethical and moral environmentalists and government mandarins allow cobalt processing in developed world?...hmmmm...the literal vomit is bizarre

Posted by duh at 2019-03-20 09:41

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