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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 62-94-154 as the TSX Venture Exchange rose fractionally to 582. Leni Keough's Olivut Resources Ltd. (OLV) lost one-half cent to eight cents on 22,000 shares. The company has sold 7.46 million new shares at eight cents, raking in nearly $600,000 in new cash. Ms. Keough, the company's president and chief executive officer, helped the placement along by buying 625,000 new shares, giving her nearly 10 million now.

Perhaps offering more encouragement to the company's weary shareholders was word that stock promoter Pierre Lassonde bought 500,000 new shares, giving him nearly 8.6 million. Mr. Lassonde, who made his fortune -- and his name -- with gold years ago, has nevertheless been a fan of diamonds since the early days of Canada's diamond rush. His Franco-Nevada Mining Corp. Ltd -- not the current Franco, the old one that was absorbed by Newmont Corp. (NGT: $72.26) in the early 2000s -- became a significant shareholder of Aber Resources Ltd. and its Diavik project early on.

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