23:00:07 EDT Tue 28 Mar 2023
Enter Symbol
or Name

Login ID:

Diamond & Specialty Minerals Summary for March 9, 2023

2023-03-09 20:53 ET - Market Summary

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 Thursday was a weak 70-112-128 as the TSX Venture Exchange lost seven points to 617. Wes Roberts's (and soon perhaps to be Ken Johnson's) Golden Share Resources Corp. (GSH), halted at 4.5 cents pending a merger, has been touting -- but rarely exploring -- its Ogoki diamond prospect in Northern Ontario for years. And so, the project appeared to be on its deathbed now that a reverse takeover merger with Mr. Johnson's Brazil-based Lipari Diamond Mines Ltd. is in the works -- an arrangement that could leave Golden Share's backers with as little as 8 per cent of the expanded company.

But wait! Mr. Roberts, Golden Share's interim chief executive officer since Nick Zeng stepped down in mid-September and passed away just a week later, has launched and completed a new round of airborne geophysics at Ogoki. The company flew a magnetic survey over 14 targets across eight individual survey areas. Mr. Roberts was clearly enthused about the surveying, which he cheers as having mapped "all of the bodies in precise detail" and confirmed historical results. The data is now being processed.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.