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Diamond & Specialty Minerals Summary for Jan. 13, 2021

2021-01-13 19:14 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a positive 101-83-116 as the TSX Venture Exchange added one point to 900. Don Bubar's Avalon Advanced Materials Inc. (AVL) was a busy trader today. It rose one cent to 14 cents on 3.63 million shares.

James Bruchs's Tsodilo Resources Ltd. (TSD), flatlined near eight cents for the past year, continued a rally that began in September with uncharacteristically high -- for it -- trading activity. The increased trading began nudging the stock higher starting in mid-October and Tsodilo, which gained four cents to 57 cents on 53,000 shares today, got as high as 64 cents last week despite not having material news in several months.

The rally has retail shareholders of Tsodilo pleased, but also perplexed with the lack of news from their diamond, base metal and precious metal exploration company operating in northwestern Botswana. Some pointed to Tsodilo's spiffy new presentation covering the Ngamiland iron ore project -- "the game changer the country is looking for?" -- where it lists 441 million tonnes inferred at 29.4 per cent iron, or 67.2 per cent across 146.2 million tonnes once the material is concentrated by magnetic separation.

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