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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a disappointing 54-105-131. The TSX Venture Exchange fell five points to 813 while polished diamond prices jumped 0.5 per cent. Tim Fernback's Lico Energy Metals Inc. (LIC) dropped one cent to 13 cents on 1.35 million shares. The company has been producing a steady stream of assays from its Teledyne and Glencore Bucke cobalt projects in Northeastern Ontario.
Ken MacNeill and George Read's perpetual diamond promotion, Shore Gold Inc. (SGF) fell one-half cent to 17 cents on 121,000 shares. Today was the last day of trading under its current moniker and ticker symbol, which the company has used for well over 20 years. On Monday, the company becomes Star Diamond Corp. and will adopt a catchier ticker symbol: DIAM. The move was not a total surprise, as Shore had its shareholders vote to approve a new name at its September annual meeting. Still, the choice of name caught many investors off guard, as the company had asked that shareholders approve changing the company's name to Shore Diamond Corp. (The proposal did include a caveat that the company's board could pick another name that it deemed desirable and acceptable to the regulators.)
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