Tuesday, May 09, 2023 11:24:32 AM
2023-05-08 20:27 ET - Market Summary
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by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a ho-hum 96-92-122 as the TSX Venture Exchange rose four points to 619. Ewan Mason's Star Diamond Corp. (DIAM) lost one-half cent to 8.5 cents on 30,000 shares.
Star Diamond's stock remains mired in the single digits, but not for a lack of trying. Late last week, Mr. Mason, chairman, and since the start of the year its interim chief executive officer, updated investors by newsletter about the "go-forward options" at both the Fort a la Corne and Buffalo Hills joint ventures. Fort a la Corne -- FalCon in the parlance of Rio Tinto, Star's majority but now inactive co-venturer -- is in central Saskatchewan, while the Buffalo Hills project is a 50:50 joint venture with Randy Turner's Canterra Minerals Corp. (CTM: $0.07) in north-central Alberta.
"We look forward to keeping you informed," Mr. Mason dutifully informed investors. He has now set a deadline for providing a major update regarding FalCon, and the negotiations with Rio Tinto regarding how the project might be returned to Star. Amicable discussions continue, Mr. Mason says, but the two sides appear far apart on what an amicable agreement might look like. Nevertheless, the situation will "come to a conclusion one way or another," Mr. Mason growls, adding that said conclusion will arrive no later than Star's annual general meeting at the end of the month.
Recent DIAM News
- STAR DIAMOND APPOINTS RON WADDINGTON AS INDIGENOUS AND COMMUNITY ENGAGEMENT OFFICER • PR Newswire (Canada) • 05/06/2024 11:00:00 AM
- MINESPIDER AND STAR DIAMOND CORPORATION TO LAUNCH G7 COMPLIANT DIAMOND PASSPORT • PR Newswire (Canada) • 04/25/2024 11:00:00 AM
- STAR DIAMOND CORPORATION COMPLETES ACQUISITION OF RIO TINTO'S 75% INTEREST IN FORT À LA CORNE JOINT VENTURE • PR Newswire (Canada) • 03/26/2024 10:37:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES 2023 YEAR END RESULTS • PR Newswire (Canada) • 03/26/2024 01:09:00 AM
- STAR DIAMOND APPOINTS EWAN MASON AS ITS PRESIDENT AND CEO • PR Newswire (Canada) • 03/01/2024 12:00:00 PM
- STAR - ORION SOUTH DIAMOND PROJECT • PR Newswire (Canada) • 02/27/2024 12:00:00 PM
- Star Diamond Strengthens technical Team with appointment of diamond specialist • PR Newswire (Canada) • 02/13/2024 12:00:00 PM
- Star Diamond Announces Amendment to Warrants • PR Newswire (Canada) • 02/08/2024 10:00:00 PM
- UPDATE ON EXPECTED CLOSING OF STAR DIAMOND'S ACQUISITION OF RIO TINTO'S 75% INTEREST IN THE FORT À LA CORNE DIAMOND PROJECT • PR Newswire (Canada) • 01/29/2024 10:00:00 PM
- Star Diamond Closes Second and Final Tranche of Private Placement • PR Newswire (Canada) • 01/26/2024 10:00:00 PM
- Star Diamond Closes First Tranche of Private Placement • PR Newswire (Canada) • 12/29/2023 10:00:00 PM
- Star Diamond Clarification for Existing Shareholders on Non-Brokered Private Placement Financing of up to C$2.0 Million • PR Newswire (Canada) • 12/22/2023 12:00:00 PM
- Star Diamond Announces Non-Brokered Private Placement Financing of up to C$2.0 Million • PR Newswire (Canada) • 12/15/2023 12:00:00 PM
- TECHNICAL UPDATE • PR Newswire (Canada) • 12/12/2023 12:00:00 PM
- STAR - ORION SOUTH DIAMOND PROJECT TECHNICAL UPDATE AND FUTURE OUTLOOK • PR Newswire (Canada) • 12/04/2023 12:00:00 PM
- STAR DIAMOND CORPORATION TO ACQUIRE RIO TINTO'S 75% INTEREST IN FORT À LA CORNE DIAMOND PROJECT • PR Newswire (Canada) • 11/28/2023 10:46:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES THIRD QUARTER 2023 RESULTS • PR Newswire (Canada) • 11/09/2023 11:32:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES WINNING BRAND NAME FOR FORT À LA CORNE DIAMONDS • PR Newswire (Canada) • 10/31/2023 09:00:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES SECOND QUARTER 2023 RESULTS • PR Newswire (Canada) • 08/10/2023 09:00:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES MANAGEMENT APPOINTMENTS • PR Newswire (Canada) • 07/31/2023 11:00:00 AM
- STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF 2023 ANNUAL MEETING • PR Newswire (Canada) • 05/30/2023 09:30:00 PM
- STAR DIAMOND CORPORATION ANNOUNCES FIRST QUARTER 2023 RESULTS • PR Newswire (Canada) • 05/11/2023 11:31:00 PM
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