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Diamond & Specialty Minerals Summary for Aug. 12, 2020

2020-08-12 17:08 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a positive 98-83-119 as the TSX Venture Exchange rose eight points to 725 and polished diamond prices edged higher. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) lost 1.5 cents to 26 cents on 607,000 shares. The wait resumes for the next bulk sample results from the Star pipe. Star Diamond revealed the counts from the first trench cutter hole into the Star pipe in early August, data supported by a spiffy chart comparing the results with nearby historical tests. The chart carries a title bearing the date of the news, but eagle-eyed investors noted another of those things that make the company's followers go "hmm." The "plot date" of the chart was June 26, 2020.

News from Australia should have the crew at Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR) in a good mood. North Arrow, which closed unchanged at six cents on 6,000 shares, has heard that Peter Ravenscroft and Michael O'Keefe's Australia-based EHR Resources Ltd. has completed a $10-million private placement, allowing it to "make some important steps" on its path to becoming a significant player in the diamond industry.

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