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Diamond & Specialty Minerals Summary for Feb. 11, 2025

2025-02-11 17:56 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 66-85-159 as the TSX Venture Exchange fell eight points to 634. Patrick Power and Buddy Doyle's Arctic Star Exploration Corp. (ADD) added one-half cent to 1.5 cents on 451,000 shares. The company had its first news of the year late last week -- just not the kind to move a stock and certainly not the kind to ignite a rally. Arctic Star, you see, has a new auditor -- the previous one having resigned last Thursday and the new one taking over effective that day.

Not to worry, says Mr. Power, president and chief executive officer, "there were no reservations in the former auditor's audit reports for any financial period" that the former accountants handled. Further, there are no reportable events between the company and its former bean counters. (Under continuous disclosure obligations -- one of several gospels in the regulators' New Testament -- a reportable event is defined as "a disagreement, a consultation, or an unresolved issue.")

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