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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was an upbeat 89-56-165 as the TSX Venture Exchange jumped 14 points to 627. Ewan Mason's Star Diamond Corp. (DIAM) has survived its trek to the one-cent mark, driven there by Newmont Corp. (NGT: $62.41) dumping its 71.1 million shares of Star late last year.
Star Diamond's stock has been as high as five cents this week, although that price would horrify any shareholder returning from a three-year vacation. Star closed unchanged at 4.5 cents on 1.32 million shares today, as the wait drags on for word of a financing sufficient to allow the company to complete a prefeasibility study of its Fort a la Corne diamond project in central Saskatchewan.
Martin Kepman's Manganese X Energy Corp. (MN) closed unchanged at seven cents on 186,000 shares. The company has closed the $2.1-million placement it launched nearly a month ago, selling 60 million shares at 3.5 cents apiece. Closing the placement should not have been an onerous task, as Toronto-based mining financier Eric Sprott bought 57.14 million of the shares, giving him a 26-per-cent interest in the company. (That makes Mr. Sprott a control person, the paperwork associated with which presumably accounted for the pace of the closing.)
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