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Diamond & Specialty Minerals Summary for July 16, 2020

2020-07-16 18:01 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a so-so 80-84-136 as the TSX Venture Exchange dropped five points to 661 and polished diamond prices rose 0.1 per cent. Mathew Wilson's Latin American Minerals Inc. (LAT), a one-time diamond explorer in Paraguay that failed to complete a reverse takeover of a company hawking an inventory management system a year ago, inexplicably added one-half cent to two cents on 5.8 million shares today. The company's one (not so) active project is a uranium and rare earth prospect in Butt township, Ontario.

David Kelsch and Ray Hrkac's GGL Resources Corp. (GGL), up one cent to 11 cents on 104,000 shares, says it has a permit to explore its McConnell copper and gold project in north-central British Columbia. McConnell was one of the company's first prospects back when now octogenarian Hrkac was a young man. Between then and now, Founder and Former President and Chief Executive Officer Hrkac spent nearly three decades (no quitter, he) chasing diamonds in Canada's North, without success.

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