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by Will Purcell
The diamond and specialty minerals stocks box score on Wednesday was a positive 71-68-155 as the TSX Venture Exchange fell two points to 591 and polished diamond prices edged upward. Cameo Industries Corp. (CRU) gained one cent to 5.5 cents on 5.06 million shares. The company continues its perpetual retooling. It was Akesh Patel's Cameo Resources Corp. until a year ago, when it became Cameo Cobalt Corp. It became Cameo Industries Corp. in April and earlier this week, Paul Teniere replaced Mr. Patel as president and chief executive officer. Today, Cameo dropped its option on the Willa precious metals property in British Columbia. Cameo's new direction is unclear, but apparently cobalt still figures in its plans.
John Jewitt's New Nadina Explorations Ltd. (NNA) has been under new management for the past year, but Mr. Jewitt, who replaced Ellen Clements as CEO a year ago, is continuing her unending vacillation about work at the Monument diamond project, on the south shore of Lac de Gras. In fact, Mr. Jewitt speaks in the same passive voice about the project that his predecessor used. He now says that "it is expected that further drill testing of potential kimberlite targets will occur."
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