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Diamond & Specialty Minerals Summary for April 15, 2019

2019-04-15 20:07 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a horrid 58-104-137 as the TSX Venture Exchange added one point to 625, while polished diamond prices edged upward. Sheldon Inwentash and Arno Brand's Gratomic Inc. (GRAT) closed unchanged at seven cents on 3.54 million shares. There has not been any material news in a month. The company is planning to mine graphite at Aukam in Namibia and it is promoting the use of graphene in tires.

Chuck Fipke and Chad Ulansky are sufficiently preoccupied with exploring and promoting a Yukon base metals discovery through their no-longer market doormat, Cantex Mine Development Corp. (CD: $3.94), that they probably have little time for their diamond dud, Metalex Ventures Ltd. (MTX: $0.05). Until Cantex began its run from six cents last summer to last week's high of $4.17, it had much in common with Metalex; both had lost over 99 per cent of their value since the early 2000s. Unfortunately, while Metalex's latest quarterly report dangles encouraging promises of work at its projects to weary shareholders, those life rafts of hope are weighed down by thick boilerplate.

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