10:05:10 EDT Fri 18 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for Aug. 11, 2020

2020-08-11 20:01 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 Tuesday was a depressing 49-136-115 as the TSX Venture Exchange slid 30 points to 717 and polished diamond nosed upward. It had no news, but Sienna Resources Inc. (SIE), a nickel explorer in Sweden, dropped two cents to nine cents on 1.98 million shares.

Ken MacNeill and George Read's Star Diamond Corp. (DIAM) gained one-half cent to 27.5 cents on 422,000 shares on word that a Saskatoon-based justice of the Court of Queens Bench has handed down his decision on the company's request for an injunction preventing Rio Tinto Exploration Canada, its co-venturer on the FalCon project in central Saskatchewan, from forming a joint venture and calling a management committee meeting and presenting Star with a massive cash call.

Investors who ground through Star Diamond's paragraphs of apparent glee ultimately gleaned the grist of the matter: The court declined to grant Star's request for an interim injunction. Still, all is not lost. During the to-and-fro lawyering, RTEC agreed not to call a meeting until the 120 days after the results of the 10-hole trench cutter program at the Star pipe come available. The court has now solidified that pledge into a promise to the court. Therefore, Star Diamond will have several more months to prepare for a potential cash call.

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.