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Author	Topic: CMKX, things looking up???
mizzou7 Member	posted April 05, 2004 20:05 April 05, 2004 04:30 PM US Eastern Timezone U.S. Canadian Minerals Inc. Announces Intersection of Kimberlitic Rock LAS VEGAS--(BUSINESS WIRE)--April 5, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD) today announced that it has purchased the previously announced option with United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG), and CMKM Diamonds Inc. (Pink Sheets: CMKX). Management is also pleased to announce the intersection of over 500 feet of kimberlitic rock on their mineral claims in conjunction with this option nearby the settlement of Smeaton, Saskatchewan. Operating partner CMKM, in collaboration with their geologist Ralph Newson, have chosen a drilling location close to an area where smaller thicknesses of kimberlite have been identified by prior claim holders. Kimberlitic rock was intersected at a depth of 410 feet and drilling is still in progress. Definitive classification as kimberlite will require laboratory confirmation and samples are currently being prepared to undergo caustic fusion treatment to assess diamond content. However, given the nearby location of independently verified diamondiferous kimberlite and the large size of kimberlite bodies in the area, U.S. Canadian is very excited by the recent drilling successes. U.S. Canadian Minerals owns 25% of the claim and any future diamond finds. Further drilling is planned to more fully classify the size and morphology of the kimberlitic body and management is eagerly anticipating the results of diamond determination which is expected to be forthcoming within the next few months. There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company. This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release. IP: Logged
waynetrades Member	posted April 05, 2004 21:25 What does everyone think this will do the the price of this shares now that it was bought by another company? I have been trying to sell it for the last week at .0002 but was unsucessful even when the price was up would not sell. Not sure if should try and dump it for .0001 just to get some money back or hold and wait. any opinions? IP: Logged
ayguy02 Member	posted April 05, 2004 21:29 I am in the same boat, have about 1.5 million @ .0001. Been trying to sell for awhile because this stock has done nothin for me. Not sure why it is not sellin. By the way where are you from Mizzou7. I am from MO and am a fellow mizzou fan. IP: Logged
waynetrades Member	posted April 05, 2004 22:12 From Good old Canada here. Vancouver, British Columbia. IP: Logged
Bart Member	posted April 05, 2004 22:46 The way I read the post by MIZ is that CMKX and them are partners. I do not think they have been bought out by them. Only my opinion. Tomorrow we will see at least .0002. IP: Logged
mizzou7 Member	posted April 05, 2004 22:48 quote: Originally posted by ayguy02: I am in the same boat, have about 1.5 million @ .0001. Been trying to sell for awhile because this stock has done nothin for me. Not sure why it is not sellin. By the way where are you from Mizzou7. I am from MO and am a fellow mizzou fan. Just north of Columbia... GO TIGERS... IP: Logged
joeyisthebest Member	posted April 05, 2004 22:52 quote: Originally posted by Bart: The way I read the post by MIZ is that CMKX and them are partners. I do not think they have been bought out by them. Only my opinion. Tomorrow we will see at least .0002. hope so would love to see .01 by may first. don't know what kind of news would be needed but I hope that we can get that news and maybe pop past .02. not sure how to read this stock but I feel they know something that they have not told us like they know how many diamonds they have and the funny car looks cool and shows that they are for real. Don't know how many penny stocks can afford a sponsorship like this. IP: Logged
Bart Member	posted April 05, 2004 22:53 By the way. We are in good company even to be mentioned with them. UCAD closed today at $6.50 and CDNA at $34.74. I see only good being associated with these two. Only my opinion. IP: Logged
mizzou7 Member	posted April 05, 2004 22:54 Sounds like to me they purchased the option available to them... They may know something we don't... Why else would they decide to buy.... Remember, just my opinion... U.S. Canadian Minerals Inc. (OTCBB: UCAD) today announced that it has purchased the previously announced option with United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG), and CMKM Diamonds Inc. (Pink Sheets: CMKX). IP: Logged
Bart Member	posted April 05, 2004 23:01 quote: Originally posted by mizzou7: Sounds like to me they purchased the option available to them... They may know something we don't... Why else would they decide to buy.... Remember, just my opinion... U.S. Canadian Minerals Inc. (OTCBB: UCAD) today announced that it has purchased the previously announced option with United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG), and CMKM Diamonds Inc. (Pink Sheets: CMKX). We have a BINGO. All day CMKX was at .0001 and then went to .0002 at about 3:50 and right at 3:59 back to .0001. You are right somebody knows something we do not. No way will I sell this stock now. I think if these bigger players are getting in us little guys might just need to hang around. IP: Logged
mizzou7 Member	posted April 05, 2004 23:07 quote: Originally posted by Bart: We have a BINGO. All day CMKX was at .0001 and then went to .0002 at about 3:50 and right at 3:59 back to .0001. You are right somebody knows something we do not. No way will I sell this stock now. I think if these bigger players are getting in us little guys might just need to hang around. I'm with you... deal me in... IP: Logged
WWJD-thru-me Member	posted April 05, 2004 23:18 Count me in. I took my limit sell at .0007 off and am going to wait to see the Outstanding number of shares. I think we will be able to make some money on this. It could be sweet. GLTA-Debi IP: Logged
Jeremy Member	posted April 05, 2004 23:23 I'm still in from before the initial 2 for 1 split, and before the spinoff. So I have a buttload of shares I almost forgot about. I could sell at .0001 and still double my money But what the heck, might as well let it continue to ride now. I'd take .0005 and be one happy camper. Anything more is just a bonus IP: Logged
ayguy02 Member	posted April 06, 2004 01:38 Just north of Columbia... GO TIGERS... Kewl, i live in Kansas City some of the year, but go to school in oklahoma for eight months. I drive to columbia several times throughout the summer. We should exchange emails. IP: Logged

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