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 Tuesday was a weak 59-78-163 as the TSX Venture Exchange fell fractionally to 584 and polished diamond prices edged lower.
Brixton Metals Corp. (BBB) gained one-half cent to 12 cents on 165,000 shares. Tenacious diamond investors -- the only kind left -- still hold out hope that Brixton will produce good news from its Langis project in Ontario. Unfortunately, diamonds - gems perhaps? - has become a four-letter word with the company these days.
Cobalt 27 Capital Corp. (KBLT) jumped 61 cents to $4.08 on 3.68 million shares on word that its major shareholder, Vladimir Iorich's Pala Investments Ltd., is offering $3.57 in cash and $2.18 in stock of a new company, to be called Nickel 28 Capital Corp. (Investors like the cash; the stock, apparently not as much.)
Long-loyal -- and nearly as long-suffering -- retail shareholders of Ken MacNeill and George Read's Star Diamond Corp. rejoiced today with word that the first big, deep trench-cutter hole into the Star kimberlite has been successfully completed. The market's reaction to the news was muted, as Star's stock, up one-half cent to 20.5 cents on 346,000 shares today, remained stuck like glue near the 20-cent mark -- probably because the fate of the project will rest upon what the hole, and up to 29 others like, it will reveal later this year and next year.
The remainder is available to Stockwatch subscribers.
© 2020 Canjex Publishing Ltd. All rights reserved.