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by Will Purcell
The diamond and specialty minerals stocks box score on Wednesday was a mediocre 67-72-161 as the TSX Venture Exchange rose two points to 591 and polished diamond prices remained flat. Stornoway Diamond Corp. (SWY) stabilized at two cents on 12.9 million shares. The company's 6.25-per-cent convertible unsecured debentures, halted yesterday pending news that most of their holders have agreed to a postponement of interest payments, were cleared for trading at the open today. They did not trade today and when they last did in late May, they went for just $20. The debentures traded for over $90 a year ago and as high as $115 in 2016.
Another diamond project has been swallowed by the black hole of Howe Street. Gary Thompson's Brixton Metals Corp. (BBB), up one-half cent to 13.5 cents on 67,000 shares, has seemingly forgotten about its kimberlite discovery at Langis that had it so enthused late last year. Mr. Thompson, chairman and chief executive officer, revealed last August that Brixton had discovered kimberlite at Langis, a cobalt and silver project in Northeastern Ontario.
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