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Diamond & Specialty Minerals Summary for Sept. 8, 2020

2020-09-08 20:47 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a ho-hum 83-91-126 as the TSX Venture Exchange fell two points to 730 and polished diamond prices inched downward. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) closed unchanged at 21 cents on 242,000 shares. Mr. Read, senior vice-president for the past 15 years, appears to have an exit strategy: He is taking a position with Peter Ravenscroft's EHR Resources Ltd., an Australia-based but Canada-focused diamond exploration company.

Jim Nelson's Cruz Cobalt Corp. (CRUZ), down one-half cent to 5.5 cents on 24,000 shares, has acquired four properties, three of which are in Canada and put the company back in the diamond business. One, in Idaho, is a cobalt prospect, the other three are fossilized diamond properties in southeastern British Columbia that were once the pride of Chuck Fipke and his Dia Met Minerals Ltd. Further, Mr. Nelson, a newcomer to diamond promotion, is now cheering Cruz's existing properties in Northeastern Ontario as having diamond potential.

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