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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Aug. 27, 2019

2019-08-27 18:55 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a weak 59-89-152 as the TSX Venture Exchange rose fractionally to 583 while polished diamond prices dropped another 0.1 per cent. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) closed unchanged at 20 cents on 273,000 shares. The stock remains chained to the 20-cent mark as the company's co-venturer, Rio Tinto PLC, looks to wrap up a 10-hole bulk sample of the Star pipe next month. Despite the great progress, uncertainty about what comes next continues to perplex investors.

Dr. Ray Davies's thin trader, Talmora Diamond Corp. (TAI: $0.025) says that its co-venturer on the Seahorse diamond project, north of Great Bear Lake in the Northwest Territories, has selected geophysical targets for a follow-up drill program. Dr. Davies, Talmora's founder, president, chief executive officer and about the only fellow acquiring his company's stock, does not say when the drilling will occur -- probably because his partner, Leni Keough's Olivut Resources Ltd. (OLV: $0.075), has not said a peep about drilling since it identified the targets in June.

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