11:05:26 EDT Fri 02 Jun 2023
Enter Symbol
or Name

Login ID:

Diamond & Specialty Minerals Summary for March 29, 2023

2023-03-29 20:07 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a mediocre 91-96-123 as the TSX Venture Exchange rose three points to 623. Critical Elements Lithium Corp. (CRE) jumped eight cents to $2.57 on 1.56 million shares despite a one-month silence regarding its Rose lithium and tantalum project in north-central Quebec.

Wes Roberts's soon-to-be-absorbed and currently halted Golden Share Resources Corp. (GSH) has firmed up the details for its reverse takeover of Ken Johnson's Brazil-based Lipari Diamond Mines Ltd. The two companies peg the current value of Lipari at $34-million, while the market values Golden Share at barely $2-million, and so the latter company's shareholders will end up with but a sliver of the merged entity -- especially since Lipari is also looking to complete a private placement of up to $34-million. (Golden Share last traded at 4.5 cents when the reverse takeover was revealed nearly two months ago.)

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.