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 CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 41)
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| Author | Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT |
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TradingWizard Member |
posted August 05, 2004 11:01
  
Good Morning All! Just wanted to be post no. 2000 today. IP: Logged |
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dwman Member |
posted August 05, 2004 11:31
Good morning TradingWizard. I'll be 2001. Did anyone ever find out if the party in Vegas is real or bogus? IP: Logged |
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VNGNTN1 Member |
posted August 05, 2004 11:50
quote: While your comment is true, a new technology was used for this survey. I don't exactly understand all of it, but if YOU would go to "GOLDAK" website and read thru it and report back it would really help. VAN IP: Logged |
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TradingWizard Member |
posted August 05, 2004 11:57
quote: I really couldn't tell you. I kind of got lost reading and I might have missed something - I thought it was a joke at first, but may be not. I have to speed read 'cause I been spending too much time here. Hope all is well. I read your comment about the resistivity word - or something like that. Good eyes. IP: Logged |
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JBCak47 Member |
posted August 05, 2004 12:02
Wizardress  Good morning/Afternoon heheh... Nice little PR to wake up to huh? I checked in at 2am and saw it It looks like we added almost 90k acres/38k hecters!!! -John- IP: Logged |
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HarryHar Member |
posted August 05, 2004 12:07
900,000 at .0004 this morning...now my account only has $15 dollars in it! I'm over 18M now long! IP: Logged |
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Replay2x Member |
posted August 05, 2004 12:09
The party is real. Dugg over at Paltalk conference her in yesterday and we (Paltalk) all heard her confirmed it. Email Chris (your name & phone #) at chris@uscanadianminerals.com to RSVP. Party is free, not sure if there's an open bar. But you have to pay for your own expenses, plane ticket, hotel room, etc... IP: Logged |
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Bigrod40 Member |
posted August 05, 2004 12:13
Whats the party for??? Will we have something to celebrate about by halloween?? IP: Logged |
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JBCak47 Member |
posted August 05, 2004 12:20
Congrats HarryH
-John- IP: Logged |
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HarryHar Member |
posted August 05, 2004 12:25
I just got an email back from Chris at UCAD. He said there is indeed a party after the race and that he is indeed taking RSVP's for it. I'm in! (unless we're still sitting at .0008 or under) IP: Logged |
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Replay2x Member |
posted August 05, 2004 12:28
quote: There's a NHRA race in Vegas on 10/30...I guess the party will be after that. If you're not sure you want to go due to our current PPS, just let her know that your decision will be based on that (PPS) so she can get a head count. She's trying to get a head count because she needs to know where and how big a room to book. IP: Logged |
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dwman Member |
posted August 05, 2004 12:29
VAN As I see it, the nearest analogy to the time-domain electromagnetic survey would be a 3-D seismic testing. I have 48 mineral acres in a really hot gas area in Texas (Barnett Shale) and they are about to drill a gas well on my property. Before they do, they will do the testing and will be able to accurately determine depth of the Barnett Shale. Different materials have different resistiviities and can be identified by the values from a catalog. Resistivity measures the ability of a material to conduct an electrical current. Hope this helps. IP: Logged |
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VNGNTN1 Member |
posted August 05, 2004 12:33
DW I've also drilled and understand those factors, but this was an aerial survey not seismic.The new technology may be able to bounce a wave of a specific depth and count a % of hits. I know NASA can view to a 200 foot depth from space. VAN IP: Logged |
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dwman Member |
posted August 05, 2004 12:36
Van Absolutely! I agree. IP: Logged |
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TradingWizard Member |
posted August 05, 2004 12:46
JBCak47 it is good news..... So you holding 3.5 millions of CMKX, me too....  IP: Logged |
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tic_toc Member |
posted August 05, 2004 12:46
http://www.geophex.com/Publications/SEG%202002%20papr31.pdf if you guys are interested in the technicallities of airborne electromagnetic surveys. its done with broadband frequencies. IP: Logged |
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JBCak47 Member |
posted August 05, 2004 12:50
TW, You've got 3.5 too? I plan on sending like 160 or so on Friday which means I can get in on Tuesday... so maybe like another 400k or so... There is 70 dollars owed to me and hopefully that will come soon Thats like 180k shares people!!!lol... My orginal goal is 4.25 million however I think I will 'only' end up with like 3.9 - 4.1 , 4.1 at best... Who knows, maybe I can find some more spare change... -John- IP: Logged |
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dwman Member |
posted August 05, 2004 12:57
Thanks Tic-Toc IP: Logged |
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WWJD-thru-me Member |
posted August 05, 2004 13:03
John -I sure hope this works out for you. You will be a funny rich dude if it does. You can say 'Oh yeah, I was refunding bottles and looking for pennies to buy CMKX before MT. St. Helens'. I hope it works out for all of us. The number of shares of UCAD is relatively small compared to the number of outstanding CMKX. Assuming the high share count for CMKX is accurate (it could be) what if the naked short on CCKX is so big (and it well may be) that covering with the microscopic UCAD dividend per share is impossible for the MM's? I think we (CMKX) are buying 1/2 of the company shares and those are restricted. The other half is going to have to go sky high as some buy to cover. There will only be 7.5 million shares available to cover with, correct? Van-you were asking about if we should buy the other companies and I was kind of thinking no need to CMKX will be golden (still think CMKX will be golden). Now I am thinking differently. UCAD may be a great play in the short term. (30 days or so). IP: Logged |
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tic_toc Member |
posted August 05, 2004 13:11
no prob dwman, hope you make more sense of it than I can!! IP: Logged |
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tic_toc Member |
posted August 05, 2004 13:23
Green Baron Stock to Watch Update CMKM Diamonds (CMKX) In our most recent update on CMKM Diamonds last Tuesday, July 27, The Green Baron Report had hoped the company would soon officially announce its total issued and outstanding number of shares so that everyone could calculate a more precise valuation of the company. We would like to have this number in order to determine if The Green Baron Report should upgrade the stock as a fully profiled recommendation to our members. The announcement of three stock dividends to be paid to shareholders of CMKX over the coming months may be enough to risk entry now, but realize of course we would like to know more. Once again, our parent company Evergreen Marketing does own stock in CMKX, and did add to its CMKX position since our last update and plans to add more in near future. It appears that an official OTC Bulletin Board website run by Knobias has taken a stab at the total by displaying a calculation of how much US Canadian Minerals (UCAD) each shareholder will receive for each share of CMKX. By backing out the numbers, they seem to be saying that CMKX has 483 billion shares outstanding. Melvin O’Neil, the investor relations contact at CMKX, has stated time and time again that if you don’t hear it from CMKX in an official press release, then it doesn’t mean a thing. Representatives from our parent company, Evergreen Marketing, are awaiting an answer back from the legal department at the OTC Bulletin Board website so we can understand where they came up with that number for UCAD dividend shares. We will alert our members as soon as we get an answer. In the meantime, it was announced on Monday, August 2, 2004 that owners of CMKX stock are going to be rewarded with yet another stock dividend in shares of Juina Mining (GEMM). Shareholders of record October 1, 2004 will be entitled to receive this dividend, but the precise number of shares per CMKX shares once again has not been announced. Although it appears these stock dividends will guarantee a return on an investment in CMKX, it proves extremely difficult to calculate how much it will be worth when we do not know how many shares will be paid on each share of CMKX, and what it will be worth by the time the restriction has been lifted on the dividend shares. Finally, late last night CMKM Diamonds announced that it has received all necessary drilling permits and Surface Exploration Permits to mobilize its drilling equipment to a new site located near other successful mining projects in the Forte a La Corne, Saskatchewan. There are several other partners involved in this project. D. Roger Glenn, CMKM counsel, is planning to accompany management in Saskatchewan based on a press release from July 26. Rumor has it that this meeting is going to take place some time next week, and we don’t think Mr. Glenn is making the trip just to look at a hole. This story is getting really interesting, and CMKX is still looking like it could be The Stock Play of a Lifetime. IP: Logged |
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dwman Member |
posted August 05, 2004 13:24
At 13:07:27 someone just paid .004 for 2000000 shares. IP: Logged |
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Brad Member |
posted August 05, 2004 13:44
I see that too. IP: Logged |
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prdponce Member |
posted August 05, 2004 13:48
quote: I use freetrade. No minimun and better yet, you can buy CMKX. Customer service can be better but so far, no problems here. [This message has been edited by prdponce (edited August 05, 2004).] IP: Logged |
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JBCak47 Member |
posted August 05, 2004 13:50
WWJD
Me rich, who has 50 million shares... I don't even own 10% of yours lol... more like 6%!!!! UCAD would be a good buy BUT I dont have that kind of money,lol... any money I do find will go to CMKX... -John- IP: Logged |
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dwman Member |
posted August 05, 2004 13:53
Thanks PRDPONCE. Did you feel comfortable giving them personal info online? IP: Logged |
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FJEAN2 Member |
posted August 05, 2004 14:01
SINCE CMKX'S O/S IS IN THE BILLIONS, DOES ANYONE SEE A REVERSE SPLIT HAPPENING ANYTIME SOON?
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dwman Member |
posted August 05, 2004 14:02
PRD I just went to Freetrade website and it says you can open an account now but to activate it, you have to deposit $5000. How did you get in for no minimum? IP: Logged |
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VNGNTN1 Member |
posted August 05, 2004 14:21
I agree with Green baron. My number is 482bn, however since UC has restricted shares and treasury share do not receive dividends and if UC already has all A/S in treasury the dividend could be paid out one say 1 share. If this happens the net will fry itself. Just picked up another 8.5m "TO BE SAFE" If I were UC this would be my strategy. Put out a $15m dividend see what happens. VAN PS Where is shadow my guess is this board has doubled the position ? [This message has been edited by VNGNTN1 (edited August 05, 2004).] [This message has been edited by VNGNTN1 (edited August 05, 2004).] IP: Logged |
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noahltl New Member |
posted August 05, 2004 14:43
-------------------------------------------------------------------------------- FOOD FOR THOUGHT....MY DD, THAT NO ONE HAS MENTIONED YET This may be long, but bear with my newbie ways, Well, awhile back someone posted about the link to a map on this board, I checked it out and somehow I was looking at a map about uranium claims,and there was numbered claims at the top..I remembered we supposedly have numbered claims....and next to us, were claims by JNR and IUC.....weeellll I started digging,(pardon the pun) JNR Resources, Inc (JNN-V) Officers & Directors are listed as Guess what other companies Kusmirski and Parker are listed What's that about? HOW INCESTUOUS IS ALL OF THIS?? LOL! Anyway, is it a coincidence that JNR had a PR dated 6-23-04 I haven't dug (LOL) into all of these different types of surveys, can anybody make it simple.....are they the same, different....GLODAK TRI-MAX System NOW, CMKX most recent PR talks about TIME-DOMAIN ELECTRO MAGNETIC SURVEY Is this all the same as GEOTEM surveys.... MY POINT.....AS LONG AS ITS TAKEN TO GET THERE....... I mean, how expensive are these surveys.....how many partners ALSO, HOW MUCH AREA WAS SURVEYED....Was George Lake included, Ok, MY OTHER POINT....is the wording from CMKX PR dated ok, I'm gettting out there....but, had to put this down in a post....I'd LOVE some feedback from you guys..... OH, and I forgot about IUC, IF ANYBODY IS STILL READING, I told you it was gonna be long....almost finished for now IUC has a JV with JNR Resources....on their 6-K, Ron Hochstein SHANE? NO, no way could that be some connection with WELL, I FEEL BETTER NOW Again, thanks to all you longs....I've learned so much so far from you all IP: Logged |
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prdponce Member |
posted August 05, 2004 14:44
quote:
No minimun and $5.00 per trades. IP: Logged |
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WWJD-thru-me Member |
posted August 05, 2004 14:57
PRDponce -Mytradz.com $200 minimum and they will let you buy 2 million shares at a time with an $8 commission. I use it all the time for my friends and families accounts. Good customer service. You cannot buy all pinks there but CMKX no problem. Noah-Awesome DD-Debi Hi Everyone- I am still working on my 2003 taxes and it is getting to crunch time (August 15 extension deadline. I am marking to market on this filing and next year should be a lot easier. What a mess this schedule D is. The NY phone book is the same thickness. What is the IRS thinking with this baloney? GLTA-IMO-DD-Debi IP: Logged |
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VNGNTN1 Member |
posted August 05, 2004 15:41
NOAH That would explain tesing for "other" things VAN PS I'm coming to a place where "sitting on a Gold mine" may not apply anymore. [This message has been edited by VNGNTN1 (edited August 05, 2004).] IP: Logged |
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HarryHar Member |
posted August 05, 2004 15:54
I've never seen my whole portfolio green, EVEr, except today. It looks cool! Is anyone here still picking up more shares in the days to come? Thinking about another 5M shares to put me near 23M... IP: Logged |
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tic_toc Member |
posted August 05, 2004 17:28
some interesting speculation By: rbitulsa The significance of TDEM Time-Domain ElectroMagnetic mapping. If you don't currently understand the significance of this technology, I suggest you do some research on it. Urban wasn't overstating the significance when we said "For the first time in the history of diamond exploration in the Fort a' la Corne area, a complete and comprehensive magnetic picture of the whole area is available to the company." Prior to today's release, it had not been disclosed that the CMKX survey included TDEM (time-domain eletromagnet) technology. A TDEM survey combines magnetic survey data with satellite GPS technology to identify the spatial location of each target, including the depth and mass of the individual targets. Generally speaking, the most significant advantages of a TDEM survey are that 1) every "target deposit" detected displays it's own unique and identifiable signature within the data, 2) TDEM technology allows signature mapping to depths unavailable with any other type of technology, 3) "real" 3-D maps can be generated to precisely identify the exact location of minerals, the exact concentration (mass) of minerals, and the shape and size (underground) of the mineral targets (as opposed to taking 2-D mapping and simulating what the 3-D shaping MIGHT look like), and 4) most "noise" is very accurately eliminated. As an example of just how precise this technology is, the military has used this technology to detect buried unexploded ordinance. It is precise enough to not only detect the electromagnetic signature of buried 250-lb bombs IN A RAILYARD (filled with scrap metal and other "noise"), it can also detect the bomb fragments. John Adams, president of USA Environmental, the company hired to detect the bombs and fragments at the railyard, said "it was like finding rocks randomly scattered on a sandy beach...they could’ve been rocks but you knew what they were...[using] equipment few would have dreamed about. To me, that’s pretty cosmic." What this means is that CMKX and it's partners know EXACTLY what minerals exist on their claims. They know where every kimberlite deposit lies, what type of kimberlite it is, it's size, and it's depth. They also know the precise location and concentration of every other type of precious mineral, metal deposit, and economic resource on their claims. CMKX is not the first company to use such advanced technology (TDEM). It's been used in conjunction with siesmic technology to map volcanic and magmatic deposits as deep as 17 kilometers. And it's been used to detect and identify kimberlite deposits and other minerals all over the world. However, only within the last two years has the TDEM technology advanced to the point where "real" 3D is obtainable, and where most all noise can be filtered out. And never before has this technology been used on the land held by CMKX and it's JV's. What does all this mean to me? The PR about the survey announced "hundreds of magnetic anomalies", yet only announced "several obvious drill targets". It makes one wonder why they chose to exclude the word "kimberlite" entirely from their release. Now the following is pure speculation on my part, but there are two scenarios worth considering. First, the "several obvious drill targets", in my opinion, are likely the 'crater facies' type kimberlite deposits that were discovered on the claims. I suggest you read up on crater facies. Crater facies kimberlite pipes are not only the largest pipes, but the bulk of crater facies kimberlite is located at the top of the pipe. Think of a crater facies pipe as an oversided martini glass, and other types of pipes as small champagne glasses. More kimberlite closer to the surface, with a higher concentration of diamonds in the overburden. Crater facies pipes contain more diamonds, on average, and they are easier to open-pit mine, than other types of pipes. Second, it is likely the reason that the word "kimberlite" was excluded from the survey release because many of the anomalies are likely minerals/metals/resources other than kimberlite. You might research the known economic minerals found in Saskatchewan, but a few worth mentioning include uranium, gold, zinc, salt, sodium sulfate, calcium chloride, and clays, not to mention oil and natural gas. Keep in mind that Saskatchewan currently produces 32% of the world's uranium. And I would mention that two uranium companies working together, surveying for uranium, were actually the first to discover kimberlite in the FALC, in 1988. Also, 2004 worldwide demand for uranium is now 171.6 million pounds per year, while 2004 primary world production will only be 92.1 million pounds. And the price of uranium has gone from $10 per pound to over $18 per pound in the last two years. I think everyone is already aware of what's happening with the demand for, and price of, oil and natural gas. And gold is a great wildcard here, as well. Again, I think it's very hard to overstate the real value of the TDEM survey data. With this type of technology, it's no longer neccessary that you have to physically pull an economic resource out of the ground, in order to confirm it's existence, and it's density. In my opinion, data of such high quality would allow you to sell mineral rights at or close to the pricing of "proven land", without having to expend the time and costs required to "prove" the land, except for the cost of the survey. Obviously, however, for diamonds, you'd still have to prove the quantity and quality, although you've got a head start by accurately identifying the choice kimberlite to target. I could go on for hours, but obviously I believe the location of the claims, along with the TDEM data is the biggest proof of the existence of real value in this stock to date. When will the market adjust to this reality? I'll leave that for others to debate... JMO
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bill1352 Member |
posted August 05, 2004 17:34
unless there is something funny going on with the otc & pink sheet posting of the ucad dividend i don't think we will see .0006 before the end of aug. and i'm sure hoping the 2 other dividends are not restricted shares. i haven't seen anything here on it and can't find anything on the sec site. with a 483 billion o/s any covering of naked shares if there are naked shares will be done without much increase in the pps. the only dramatic increase in the pps without some kind of deal from UC & ucad will be if a diamond gets stuck in the core drilling machine or a huge decrease in o/s without a r/s. of course this is just my opinion and i'm only talking about a near future increase...long term i believe cmkx will do great but somehow this o/s if it holds true has got to be cut to less then 10 billion and thats a 48/1 r/s and a .0192 pps but from that point any good test results or more mining company deals will drive the pps up a great deal. sorry but IMO they'd have to find the hope diamond's 10 twins in a core sample to move the pps up to .0192 with a 483 billion o/s...microsoft has less then 11 billion o/s ppl with 50 million or more shares probably will become millionaires from the stock but those of us like myself with a few million shares will probably make a very nice return but millionaires i think is out of the question so heres to hoping that otc post was wrong!!!...lol IP: Logged |
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Money_Penny Member |
posted August 05, 2004 17:43
quote: I wish I could do that! IP: Logged |
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tic_toc Member |
posted August 05, 2004 17:48
I'm with you on that one bill. IP: Logged |
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Upside Member |
posted August 05, 2004 17:48
Bill, I pretty much agree with your post. I've said this before but if that o/s number turns out to be true, I think a reverse split will actually be viewed as a positive. 99 out of 100 companies tank after a reverse but I believe CMKX could be that one that actually does good. We're going to have to face it that with 483 billion shares outstanding, this company has no hope (short of a miracle) of going much of anywhere. Using your figures of a 1 for 48 reverse wouldn't be that bad either, certainly not as bad as some we've seen recently. If they do it though, they had better reverse the authorized as well. If not, that could spell real trouble. IP: Logged |
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highwaychild Member |
posted August 05, 2004 18:09
BamBam 17, Could you please post the new maps again. Your latest post was taken from the thread or I can't find it one. There is talk of "northwest" of the Kimberlite. I believe a kimberlite causing glacier would have been moving southeast by the gash (lake) on some of the maps I've seen. Time and presser.Kind of like CMKX. IP: Logged |
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bill1352 Member |
posted August 05, 2004 18:09
has anyone found out if the gemm shares are restricted? i've looked for filings at the sec site but cant find any. i dont think you can restrict cim shares as they aren't being traded IP: Logged |
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Money_Penny Member |
posted August 05, 2004 18:10
quote: Upside, how do you define a miracle? A diamond mine? All it takes is to find one average mine on our 1.9 million square miles and our PPS, even with 483 b O/S, will be in the pennies. If you don't believe in CMKX finding any diamonds, which is not much of a miracle at all, you better put that dunce cap back on and sell your shares right now! [This message has been edited by Money_Penny (edited August 05, 2004).] IP: Logged |
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sherry Member |
posted August 05, 2004 18:11
The significance of TDEM Time-Domain ElectroMagnetic mapping. If you don't currently understand the significance of this technology, I suggest you do some research on it. Urban wasn't overstating the significance when we said "For the first time in the history of diamond exploration in the Fort a' la Corne area, a complete and comprehensive magnetic picture of the whole area is available to the company." Prior to today's release, it had not been disclosed that the CMKX survey included TDEM (time-domain eletromagnet) technology. A TDEM survey combines magnetic survey data with satellite GPS technology to identify the spatial location of each target, including the depth and mass of the individual targets. Generally speaking, the most significant advantages of a TDEM survey are that 1) every "target deposit" detected displays it's own unique and identifiable signature within the data, 2) TDEM technology allows signature mapping to depths unavailable with any other type of technology, 3) "real" 3-D maps can be generated to precisely identify the exact location of minerals, the exact concentration (mass) of minerals, and the shape and size (underground) of the mineral targets (as opposed to taking 2-D mapping and simulating what the 3-D shaping MIGHT look like), and 4) most "noise" is very accurately eliminated. As an example of just how precise this technology is, the military has used this technology to detect buried unexploded ordinance. It is precise enough to not only detect the electromagnetic signature of buried 250-lb bombs IN A RAILYARD (filled with scrap metal and other "noise"), it can also detect the bomb fragments. John Adams, president of USA Environmental, the company hired to detect the bombs and fragments at the railyard, said "it was like finding rocks randomly scattered on a sandy beach...they could’ve been rocks but you knew what they were...[using] equipment few would have dreamed about. To me, that’s pretty cosmic." What this means is that CMKX and it's partners know EXACTLY what minerals exist on their claims. They know where every kimberlite deposit lies, what type of kimberlite it is, it's size, and it's depth. They also know the precise location and concentration of every other type of precious mineral, metal deposit, and economic resource on their claims. CMKX is not the first company to use such advanced technology (TDEM). It's been used in conjunction with siesmic technology to map volcanic and magmatic deposits as deep as 17 kilometers. And it's been used to detect and identify kimberlite deposits and other minerals all over the world. However, only within the last two years has the TDEM technology advanced to the point where "real" 3D is obtainable, and where most all noise can be filtered out. And never before has this technology been used on the land held by CMKX and it's JV's. What does all this mean to me? Again, I think it's very hard to overstate the real value of the TDEM survey data. With this type of technology, it's no longer neccessary that you have to physically pull an economic resource out of the ground, in order to confirm it's existence, and it's density. In my opinion, data of such high quality would allow you to sell mineral rights at or close to the pricing of "proven land", without having to expend the time and costs required to "prove" the land, except for the cost of the survey. Obviously, however, for diamonds, you'd still have to prove the quantity and quality, although you've got a head start by accurately identifying the choice kimberlite to target. I could go on for hours, but obviously I believe the location of the claims, along with the TDEM data is the biggest proof of the existence of real value in this stock to date. When will the market adjust to this reality? I'll leave that for others to debate... JMO IP: Logged |
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RaiderJR Member |
posted August 05, 2004 18:28
Hello all, I have been chewing over the magnetic survey too. As well as the OS. 1. With the quality of the survey it is only a matter of time, perhaps days or weeks to confirm what we have physically.
Instead I want to focus on 500 - 483 = 17 billion left available to buy. At current buy ratios this would be completely eaten up within 3 weeks. That means, within 3 weeks, if someone wants a share they have to buy it from us. Within 3 weeks this stack, if the 483 bill is true, will have no where to go but up. IP: Logged |
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Upside Member |
posted August 05, 2004 18:53
originally posted by Money_Penny: quote: By miracle I'm talking about a diamond like never seen before. The Grand Poo-Bah of all diamonds. Even that will cause a spike in the price that is not sustainable. If your looking at this company actually becoming a full fledged mining company, you really are in this long, like 10 years plus before a mine could actually be built and start producing. Even then, lets say it happens and they are successful and somewhere down the road they're mining and actually churning out profits of a million dollars a year, not revenues, profits. Look at it from a p/e standpoint. At a million profit and (rounded up) 500 billion o/s, they earn .000002 per share. Assign them a high p/e multiple of 100 and those earnings can support a pps of .0002. That's why I say a miracle. With this many shares outstanding they are going to have to be churning out profits in excess of a billion dollars a year to see .20 per share. To put it into perspective, I read somewhere that there is enough CMKX stock outstanding right now to give every person on the face of the earth about 75 shares. Those are figures of epic proportions. IP: Logged |
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TradingWizard Member |
posted August 05, 2004 19:02
75 shares for each person - not bad. May be I should be selling my shares on Ebay: $75 per 75 shares. I think I can find few who will buy my specially discounted package. lol IP: Logged |
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highwaychild Member |
posted August 05, 2004 19:31
Upman, 10 years is a guess you came up with? NSDM has accomplished alot in one year. Without all the co. to co. assistance. IP: Logged |
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will Member |
posted August 05, 2004 19:35
I don't know how anyone can just sweep the issue of O/S under the rug, and not be concerend about it. There isn't enough time in a trading day to trade enough shares to have an impact on supply at 200B+, not alone 400B shares. The accounting of shares was to be done before the T/A fiasco, when was that, mid, end of June? Again though, it is part of the strategic plan to not disclose this information to the shareholders. Some say it isn't published because it is part of the "master plan", and for the plan to be achieved it can't be disclosed yet. I will like to see the impact on shareholder's loyalty if 400B was accuarate, maybe that's why it isn't being disclosed ??? [This message has been edited by will (edited August 05, 2004).] IP: Logged |
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shadow Member |
posted August 05, 2004 19:38
more dreams... I saw on another board. By his calculations I "will be" worth over $140 Million - I didn't even know it... Coreton Posted here 08.03.04 Now we are getting a dividend of CIM sometime between August 31st and a "Later date". For the sake of this post we will use August 31st as the record date and the Distribution date (just like the GEMM dividend). Also we’ll assume that we are getting a 1 for 1 dividend of CIM for our CMKX shares. So on August 31 we will have 1 million CMKX shares and 1 million shares of CIM. Now we have been told in a PR that CIM is going to go Public. I think that once this happens that we’ll see CIM offer a buyout/share swap for CMKX shares. We will use a ratio of 1 share of CIM for 1000 shares of CMKX. So now you will have 1,001,000 shares of CIM and NO shares of CMKX. Based on the fact that so much has been put into promoting the CMKX ticker on the NHRA and ASA, I believe that CMKX will be reissued as a new company called “CMKXtreme Racing” (CMKX.PK). I think that the New shares of CMKXtreme Racing (CMKX) shares will be issued as a dividend to CIM share holders… let’s say 1 share of CMKX for 100 shares of CIM. So you will now have 1,001,000 shares of CIM and 10,010 shares of CMKXtreme racing shares (CMKX). Now then what can the value be??? First lets set some assumptions here. The 1-1 CIM/CMI to CMKX dividend means that there are 40billion shares of both so our public float will be 40 billion in both CMKX and CIM. CIM will be going public (as per PR) IPO. Mining companies trade at 10 to 50x their value. After the Buyout and Dividend to CMKX there will be 40,040,000,000 (40billion 40million) shares of CIM that are in the public float already. So another 5 billion or more will need to be added for the IPO. That would give us 45,040,000,000 We will use 50 billion to keep the math simple. Now we have to decide what it will be worth at some point in time. I like to use a target price for the IPO of $20.00 per share and use the minimum of 10x value for the PPS so ($20.00/10) this will mean we need $2.00 in value per share of CIM or claims valued at $100billion. With De Beers, Kensington, and Shore Gold right next door and De Beers claims being valued at $40 to $80 billion By Dr. Mark Hutchenson in Feb 2003 (this claim is a about 60,000 acres) we now have 1.9 million or more in the FALC… so I do not think it is too much of a stretch to say we will at some point have a value assessed of well over $100 Billion. I believe that this assessment will be done prior to the IPO and I believe that the IPO will be done by the end of this year. So Lets do a little math… If you had 1 million shares of CMKX on August 31st and held them till fruition you would have 1,001,000 CIM shares valued at $20.00 or 1,001,000 x $20.00 = $20,020,000 for your 1 million shares. I am not saying when we will realize this price… I’m saying that it is highly probable in the next 5 years. I choose to believe that this whole thing was started 3 years ago so in the next 2 years it is IMO Highly probable for this to happen. Now for the New CMKX shares… I have no idea, I have not researched racing companies or know if any of them are traded or not but at this point who cares.. :> ) This post is all based on assumptions as I see them. This is my theory on what I think COULD happen. Read it and enjoy it, and if you have constructive criticism of it that’s fine, let me know. I will NOT argue any of these points with anybody… this is my OPINION ONLY!! GLTA Coreton IP: Logged |
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shadow Member |
posted August 05, 2004 19:46
 IP: Logged |
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