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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a ho-hum 103-74-133 as the TSX Venture Exchange rose five points to 956. Jean-Raymond Boulle's Star Diamond Corp. (DIAM) continues to cling precariously to its newfound perch, closing unchanged at three cents on 62,000 shares. There has been no news, nor is there likely to be much, until the company completes a prefeasibility study in a year or so.

Scott Monteith's Avalon Advanced Materials Inc. (AVL) lost one-half cent to 6.5 cents on 6.1 million shares. Avalon has been front and centre with investors this month, jumping from its flatlined perch at 3.5 cents to a recent high of 15 cents, with a daily volume falling just shy of 50 million shares on a busy mid-October day. (Over 130 million shares traded in a five-day stretch through mid-October.)

And now there are more shares available to trade: The company has just sold 30.77 million flow-through shares at 13 cents apiece and 133.2 million regular shares at 11 cents, raising $18.65-million of the $21-million it had been seeking. (The new shares boost the company's full tally to just over 800 million shares.) The cash is destined for feasibility studies of two of Avalon's advanced projects -- Nechalacho, southeast of Yellowknife in the Northwest Territories, and a planned lithium refinery in Thunder Bay that could presumably be fed ore from its Separation Rapids deposit.

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