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Diamond & Specialty Minerals Summary for April 5, 2021

2021-04-05 20:31 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was an upbeat 119-74-107 as the TSX Venture Exchange rose fractionally to 961 and polished diamond prices edged higher. Ken MacNeill's Star Diamond Corp. (DIAM) lost one-half cent to 19.5 cents on 198,000 shares. The company said last week that pleadings in its case against its (could-be) co-venturer at the FalCon project in Saskatchewan are now complete as Star, the purported David of diamond explorers, takes on Goliath in the form of Rio Tinto Exploration Canada Inc. (RTEC).

Star, which last summer lost its request for an injunction that would have prevented RTEC from calling a management committee meeting and approving a budget, insists that it is committed to taking all actions necessary to protect itself from what it has characterized as "bad faith predatory practices" engaged in by RTEC. (The bad news is that David's slingshot swings slowly -- Star does not expect the case will be heard this year.)

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