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Diamond & Specialty Minerals Summary for Sept. 11, 2023

2023-09-11 19:06 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 77-113-120 as the TSX Venture Exchange fell fractionally to 580. George Read -- yes, he is back! -- and Ewan Mason's Star Diamond Corp. (DIAM) was among the unchanged, closing at eight cents on 186,000 shares.

Star Diamond's delayed annual meeting has come and gone, so has midsummer, and even Labour Day is now in the rearview mirror, yet the wait goes on for a final resolution of the six-year saga of collaboration, litigation, and then inaction between the company and Rio Tinto Exploration Canada Inc. (RTEC). And so, impatience grows among the ranks of Star's retail shareholders, some who have been heavily invested for a quarter century now.

Fret not, says Mr. Mason, the company's chairman and since the start of the year its interim chief executive officer. His end of July target morphed into an end of August prediction, and now, with the end of September looming larger by the day, he says that he and his advisers are expecting it all to be over soon -- this time apparently with some added confidence.

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