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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a bright 95-60-155 as the TSX Venture Exchange rose 10 points to 958. Jean-Raymond Boulle and Ewan Mason's Star Diamond Corp. (DIAM) continues to tread water through what could be a long winter without much news, closing unchanged at four cents on 80,000 shares today. The company is working on a prefeasibility study of its Star-Orion South diamond project in central Saskatchewan, but it is not expected to be ready until late next year at best.

Fall is here, and for the past decade the season has been a gloomy one for Star's retail shareholders, thanks to the annual ritual of tax-loss selling. This year could be different, as the company's stock has been trading horizontally for most of the year. Through the first three quarters of 2025, 153 million shares have traded at an average of 3.6 cents apiece.

Last year was arguably the worst of them all, from a loss perspective: One of the December sellers was Newmont Corp., which perused its mouldy stock drawer and decided to blow out its full position of 70.7 million Star Diamond shares, culminating in early January, when an unnamed buyer bought a 61.1-million-share block. (The buyer was eventually revealed to have been Mr. Boulle, who paid just two cents per share for the block.)

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