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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was an 83-83-146 draw as the TSX Venture Exchange jumped 15 points to 845. And so, September begins -- the month widely acknowledged as the worst of the year in the markets -- today's opening rally notwithstanding. (The analysts and gurus who picked this month might not have considered December -- renowned of late for the perils of tax-loss selling.) Either way, Canada's diamond and specialty minerals stocks lurch toward fall with no end in sight to the depression afflicting exploration juniors.

Adam Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) began the month by sneaking late Friday news -- before a long weekend no less -- to investors. The company has drawn down $10-million (U.S.) of the $63-million (U.S.) limited shareholder standby undertaking -- more credit, essentially -- provided by Mr. Lundin's Nemesia Sarl. The drawdown, says Dr. Lamb, president and chief executive officer, was needed to "address a financing shortfall [at] the Karowe underground project."

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