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Diamond & Specialty Minerals Summary for June 8, 2022

2022-06-08 20:53 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a poor 73-116-121 as the TSX Venture Exchange rose one point to 724. Frontier Lithium Inc. (FL) lost 29 cents to $2.38 on 2.33 million shares on the heels of more assays from its Spark pegmatite in the far northwestern corner of Ontario.

David Cushing and James Bruchs's Tsodilo Resources Ltd. (TSD) lost three cents to 51 cents on 21,000 shares when it last traded May 6. The stock has been halted since May 9, after the company was unable to file its annual financial documents on time. (The audited financials, due at the start of May, are now in hand but as usual, the regulators are in no rush to rescind the cease trade order.)

Mr. Bruchs, chairman, chief executive officer and a significant shareholder, continues to applaud the BK16 kimberlite project in Botswana as being worth a major bulk sampling program. The market is paying little attention to the spiel these days, as Tsodilo had but $4,713 (U.S.) in cash at the end of 2021 and its current accounts were nearly $1.8-million (U.S.) in the red.

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