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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a positive 88-71-119. The TSX Venture Exchange added another 20 points to 867 while polished diamond prices dropped 0.15 per cent. Thin-trading and effectively bankrupt True North Gems Inc. (TGX) closed unchanged at 1.5 cents on 13.69 million shares. There has been nothing new in months, but the stock roared to life on Friday, gaining one cent to 1.5 cents on 11.55 million shares.
Chris Taylor's Dunnedin Ventures Inc. (DVI), unchanged at 17 cents on 25,000 shares, has shareholder approval to spin off its gold assets as Solstice Gold Corp. The move is still subject to "certain closing conditions" -- the details of which remain uncertain -- but once complete, the arrangement will leave Dunnedin as a diamond explorer at Kahuna, northeast of Rankin Inlet in Nunavut. Mr. Taylor will remain the chief executive officer of Dunnedin and the recently appointed Claudia Tornquist will stay on as president. Solstice will be run by a new crew, led by Dr. David Adamson as executive chairman, Marty Tunney as president and Bob Singh as vice-president of exploration. (Tony Ricci, Dunnedin's chief financial officer, will also serve as Solstice's CFO.)
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