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Diamond & Specialty Minerals Summary for Aug. 28, 2020

2020-08-28 20:57 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a rousing 104-52-144 as the TSX Venture Exchange added 13 points to 745 and polished diamond prices were flat. Rough diamond prices fell 0.2 per cent last week, ending -- or at least pausing -- the slow but steady gains posted from mid-spring until now, according to Paul Zimnisky's global rough diamond price index. That index is still down 11 per cent from early this year and is off 20 per cent since the summer of 2015.

James Bruchs's Tsodilo Resources Ltd. (TSD), down one cent to 8.5 cents on 6,000 shares, is sticking to its plan for further testing of the BK-16 kimberlite in Botswana. Unfortunately, the sampling appears to be stuck in purgatory, pending Mr. Bruchs and his crew finding the cash needed to complete the energetic Phase II program, a natural successor to the Phase 1 program that wrapped up a few years ago to less than resounding acclaim.

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