21:43:24 EDT Fri 18 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for April 1, 2019

2019-04-01 20:06 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 weak 60-100-140 as the TSX Venture Exchange fell fractionally to 626 and polished diamond prices rose 0.2 per cent. Stornoway Diamond Corp. (SWY) closed unchanged at 10 cents on 17.78 million shares, but not before it set a record low of nine cents. The company has been inundated by rivers of red ink since it opened its Renard diamond mine in north-central Quebec in mid-2016.

Douglas Eaton and David Kelsch's GGL Resources Corp. (GGL), up one-half cent to eight cents on 4,000 shares, appears set for another year of watching the snow recede only to return at its diamond projects in central Nunavut and the Lac de Gras area of the Northwest Territories. The company's dog and pony show come-on to investors promises "discovery through experience," -- probably appropriate, since discovery through spending cash on exploration appears unlikely. The company did have about $250,000 in working capital at the end of November and while it claims a "low burn rate," GGL's exploration rate since the last recession has been more of a smoulder than a burn.

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.