Diamond & Specialty Minerals Summary for March 25, 2019
2019-03-25 19:44 ET - Market Summary
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by Will Purcell
The diamond and specialty minerals stocks box sore on Monday was a weak 65-87-149 as the TSX Venture Exchange fell five points to 632 and polished diamond prices fell 0.2 per cent. Cameron McCall's Macarthur Minerals Ltd. (MMS) jumped five cents to 15 cents on 34.72 million shares. Macarthur, five cents Thursday, doubled Friday on nearly 30 million shares, following word that it had a $4-billion (U.S.) offtake deal for iron ore from its Lake Giles project in Western Australia. The regulators made the company walk back part of its story today, including the $4-billion figure, but investors shrugged off the news.
Ellen Clements and John Jewett's New Nadina Explorations Ltd. (NNA), unchanged at 11 cents on 1,000 shares, is shopping its Monument diamond project wide and far. Mr. Jewett, president and chief executive officer, says that New Nadina will focus on its Silver Queen metals prospect in central British Columbia, which leaves the diamond project redundant. Monument, on the south shore of Lac de Gras, hosts several diamond-bearing kimberlites and several more untested targets, but New Nadina has not completed any worthwhile exploration since the recession ended a decade ago.
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Will, please provide some empirical context for your statement: "but that is a far cry from the billions that John Kaiser, had enthusiastically promoted, if not prognosticated, just a few years ago. While Mr. Kaiser still sees nothing but bulls with scandium, he now steers clear of his earlier projections."
What you write is devoid of meaning but your conflation of unrelated phrases is clearly intended to smear me.
Please clarify what exactly you are saying so that your readers can judge whether or not a smear attack on me is justified.
Posted by John Kaiser at 2019-03-26 14:52