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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a rousing 116-51-143 as the TSX Venture E0xchange added nine points to 570. Ewan Mason and George Read's Star Diamond Corp. (DIAM) just cannot shake the blahs. Today it closed down one-half cent to four cents on 1.6 million shares, setting another record low.

It is back to the drawing board for Yari Nieken and his currently dead-in-the-water Margaret Lake Diamonds Inc. (DIA). Margaret Lake, last at 16 cents when it was halted in the midsummer of 2023 pending a reverse takeover, says that the proposed arrangement with Emerging Goldfields Resources Ltd. has been killed off. The termination of the arrangement, initially proposed late last year, "follows a reassessment of strategic objectives" by both Margaret Lake and Emerging Goldfields. (In other words, they were unable to get required approvals.)

Not to worry, say Mr. Nieken and his crew. Margaret Lake Diamonds "remains committed to its strategic goals and will continue to explore alternative opportunities to enhance shareholder value." It is unclear what the goal currently is, nor is it evident what the strategy might be to get there. Even the terse boilerplate end-of-release summary is vague: "Margaret Lake Diamonds is a company focused on the exploration and development of mineral projects," it reads, which might offer some solace if the company owned any projects.

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