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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a so-so 97-93-120 as the TSX Venture Exchange lost seven points to 513. Ewan Mason's Star Diamond Corp. (DIAM) closed unchanged at 8.5 cents on 71,000 shares. The company said late last week that it ended its quest for a new head and has hired a full-time president and chief executive officer. Mr. Mason, chairman, who had been holding the positions on an interim basis since the start of 2023, had been chasing "people with cachet" to take the role. And so, it was arguably a surprise when the company stripped Mr. Mason not of the top job, but the interim qualifier.

Mr. Mason, now chairman, president and CEO like his predecessor, Ken MacNeill, says that the board had given him a "very clear mandate" to find a replacement and he had indeed talked to some potential candidates. "We did have someone," Mr. Mason says, although not to the point of having so much as a basal level of agreement. Who that individual was will likely remain a state secret. Indeed, all that Mr. Mason says is that it was "a person with worldwide cachet in the diamond sector," adding that he "would have been excited" if the individual had taken the job.

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