18:26:13 EDT Thu 06 Aug 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for July 24, 2020

2020-07-24 19:36 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 Friday was a so-so 88-75-140 as the TSX Venture Exchange rose 11 points to 691 while polished diamond prices inched upward. John Lee's Silver Elephant Mining Corp. (ELEF) added three cents to 43 cents on 2.01 million shares. The company is plodding along at its Gibellini vanadium project in Nevada, which it hopes to mine. (The company is well named: the gestation period of Gibellini is quite elephantine even for Howe Street. The project has been kicked about by several exploration juniors for the past 40 years. While Mr. Lee did get it into the second trimester with a 2018 dream sheet, progress remains painfully slow -- elephantine, in fact.)

Matthew Wood's rejigged metals promotion, Aranjin Resources Ltd. (ARJN), is out of the diamond business, save for a modest royalty on the Catalao project in Brazil. Aranjin, unchanged at 4.5 cents Thursday and untraded today, has sold its Brazilian gem prospects to an unnamed private investor group for future considerations. The term "future considerations" is well known in professional sports, when a team dumps a has-been for next to nothing -- and on Howe Street, the implication is similar.

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

© 2020 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.