11:04:56 EDT Wed 23 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for April 29, 2019

2019-04-29 18:33 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 bleak 44-101-155 as the TSX Venture Exchange rose one point to 612 and polished diamond prices inched higher. Akash Patel's Cameo Industries Corp. (CRU) jumped 1.5 cents to 13.5 cents on 2.58 million shares. The company, which claims a "robust and diversified portfolio" of mineral assets thanks to a "complete overhaul," had been Cameo Cobalt until late last week. It had adopted that name in an overhaul last spring, having previously been Cameo Resources. It did not change its name in a 2017 overhaul but did roll back its stock 1:25. (The Cameo moniker appeared in a 2012 overhaul that included a 1:30 rollback.)

James Bruchs's Tsodilo Resources Ltd. (TSD), down one cent to 19 cents on 7,000 shares, is pondering a big bulk sample of its BK16 kimberlite in Botswana. The company has started work on developing an engineering study for a sampling program that would extract up to 20,000 tonnes of kimberlite for processing. Tsodilo believes that amount of rock would produce between 500 and 1,000 carats of diamonds, enough to "enhance diamond valuation and size frequency studies" for a more detailed assessment of the viability of BK16, and to move the project toward a bankable feasibility study.

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.