posted September 16, 2004 15:38            

quote:

---

Originally posted by Money_Penny:
To "assume" that 10% of our claims are pure kimberlite is ridiculous!

---

Don't know why with Goldak and TDEM results.

posted September 16, 2004 15:55            

quote:

---

Originally posted by Wallace#1:
gmac, when speaking of the Green Baron, you might as well include Dr.D, Zen and Sterling as well as a few of the easily identified posters on this CMKX thread. All the same bent and venues.

GLTA

---

Wallace: I listened to RENDAL WILLIAMS and what he had to say. You might try that!! I don't give a "flip" about Green Baron, could care less what they say. Rendal Willams obviously has a mission, and he is fulfilling what his shareholders want him to do!! My opinion is that we (CMKX, but maybe not AS CMKX) will benefit from everything UCAD does now, and in the future, if you listen closely during his talk he alludes to that. This is just MOA!!! You are just being foolish if you think Roger Glenn and Edwards & Angell are just there to keep them legal, and I think you know that!!! GLTY

posted September 16, 2004 16:03            

St. George Metals revived to join pink sheet promotion

2004-09-16 09:12 ET - Street Wire

See Street Wire (U-SGGM) St. George Minerals Inc

by Lee Webb

St. George Metals Inc., a recently revived Nevada-incorporated shell that can trace its lineage to the former Vancouver Stock Exchange (VSE), has become the latest patron of Urban Casavant's pink sheet company, CMKM Diamonds Inc. St. George will ante up $10-million (U.S.) and a whopping 200 billion restricted shares for a five-per-cent stake "in any and all mineral claims" held by CMKM. (All amounts are in U.S. dollars unless otherwise indicated.)

As with many things involving CMKM, exactly how many mineral claims the company holds is a matter of some conjecture. Based on sketchy information provided by the company, it appears that CMKM may have varying interests in claims covering between 1.4 million acres and 1.9 million acres in Saskatchewan.

Most of the company's prodigious promotional and modest exploration efforts centre on its heavily touted diamond prospects in the Fort a la Corne area where there are two advanced diamond projects, one owned by a group headed by De Beers Canada Corp. and Kensington Resources Ltd. and the other owned by Shore Gold Inc.

Notwithstanding the many years and many millions of dollars spent by the De Beers and Kensington group and Shore Gold, neither of those projects has yet been established as economically viable. Nonetheless, they provide some promotional mileage for CMKM, which purports to be "racing to find more diamonds" in Saskatchewan.

It remains to be seen whether the cash infusion from St. George will give some traction to the racy CMKM promotion, widely touted as the "stock play of a lifetime."

CMKM reports that it has already received $5-million in two equal payments from St. George, the most recent on Sept. 13, and expects two additional payments of $2.5-million over the next 30 days.

At this point, the source of that $10-million is a mystery, and it may well remain so. Like CMKM, the resuscitated St. George trades on the unregulated pink sheets, free from the burden of even rudimentary disclosure requirements.

Another CMKM backer, U.S. Canadian Minerals Inc., trades on the OTC Bulletin Board and is subject to reporting requirements with the U.S. Securities and Exchange Commission (SEC).

So far, U.S. Canadian Minerals has peeled off 7.5 million shares in exchange for five per cent of CMKM's mineral claims and has made two cash payments totalling $5.5-million under a one-year option agreement allowing it to purchase an additional 10-per-cent interest for $15-million.

Nearly penniless U.S. Canadian Minerals, flagged with a going-concern warning, executed an initial $3-million purchase under its option agreement with CMKM on July 28. An Aug. 23 SEC filing disclosed that the source of the $3- million was a subscription agreement for 600,000 shares of U.S. Canadian Minerals priced at $5 per share from an otherwise unidentified "related party to CMKM Diamonds."

After announcing on Sept. 8 that it had secured a further $3-million by way of a private placement, U.S. Canadian Minerals doled out another $2.5-million to CMKM on Sept. 9. The participant or participants in the Sept. 8 financing have not been even vaguely identified yet, inviting speculation among some skeptics that a party related to CMKM may have been involved in that private placement, too.

Meanwhile, questions have also surfaced regarding a relationship between Mr. Casavant's CMKM and the company's newest patron, St. George. According to a recent article by Dow Jones reporter Carol S. Remond, however, Mr. Casavant claims that he has nothing to do with St. George and knows nothing about it being a dormant shell.

The recently revived St. George is now headquartered in Vegreville, Alberta, a farming community with a large Ukrainian presence and several nearby Hutterite colonies. With a population of approximately 5,800, Vegreville is not known as a financial hub, but it does lay claim to being the home of the world's largest Easter egg.

Vegreville is reportedly also home to Mark Giebelhaus, president of St. George and the only identified officer of the company at this point. A directory search returns a surprising 21 Vegreville telephone listings for the surname Giebelhaus, but no public listing for Mark Giebelhaus.

St. George's investor relations spokesperson Vicki Curran also lives in Vegreville, as does her father, Victor Casavant, who happens to be Urban Casavant's brother. In a Stockwatch interview, Ms. Curran readily acknowledged that she was Urban Casavant's niece.

According to Ms. Curran, Victor Casavant is not involved with St. George. While he may not be directly involved with St. George, it does appear that he is at least "close" to the play.

A call to Victor Casavant's telephone number and a request to speak with Vicki brought the response that she was on another phone. Moreover, it appears that St. George at least briefly used a Vegreville postal box that has also been used by Victor Casasvant, including appearing below his signature on a 1995 settlement agreement with the Alberta Securities Commission.

Victor Casavant evidently ran afoul of Alberta securities regulators in connection with an illegal distribution of shares of a non-reporting issuer, Striker Minerals Ltd. The terms of the settlement agreement, a $1,000 (Canadian) fine and an acknowledgement of "the requirement to be more diligent when raising capital in the future," suggest that it was considered a relatively minor breach of securities regulations.

Ms. Curran told Stockwatch that she is new to St. George, but has about 13 years of experience in investor relations with other companies, both public and private. She would not disclose the names of the companies she was previously involved with, however, telling Stockwatch that the information would be provided in press releases issued over the next week.

While reluctant to discuss her specific background when contacted by Stockwatch, Ms. Curran offered some information regarding her former husband without any prompting at all. According to Ms. Curran, Kevin Curran served a brief stint as investor relations representative for Northern Star Resources Inc.

It is not clear why Ms. Curran volunteered that information regarding her ex-husband, but perhaps it had something to do with the fact that VSE-listed Northern Star was the successor to Petro Plus Inc., a company once headed by her uncle, Urban Casavant.

Mr. Casavant took charge of Petro Plus in November of 1995 when the stock price was languishing at about 15 cents. Under Mr. Casavant's guidance the share price climbed above $1 within a matter of months, amidst much nattering in news releases about "visible gold" in drill samples from one of the company's properties.

Petro Plus's stock price subsequently collapsed as quickly as it had risen and Mr. Casavant abruptly and rather intriguingly parted company with Petro Plus on Oct. 25, 1996. Petro Plus, which was halted at the time of Mr. Casavant's surprise departure, did not even bid him a fond farewell.

Three weeks after Mr. Casavant either jumped or was shoved out of Petro Plus, the company, which was still halted, served up a few more details about the affair including a share sale agreement between Mr. Casavant and the company's new president, Randy Studer. Under the agreement reportedly signed shortly after his departure, Mr. Casavant sold more than 1.9 million shares and more than one million warrants exercisable at 20 cents per share to Mr. Studer.

"Contemporaneously with the share sale agreement, an agreement was entered into between the company and Urban Casavant and certain extended family members to terminate any formal relationships or positions (excepting the rights under certain mineral claim option agreements)," the company went on to report in its Nov. 13, 1996, news release.

Petro Plus did not identify the "certain extended family members" whose formal relationships or positions with the company were terminated, so there is no way of knowing whether any of them are among the 22 Casavants disclosed as holding shares in CMKM. In any event, regulatory filings and various court documents related to litigation involving the Casavants suggest that family members are frequently associated with Mr. Casavant's enterprises.

Petro Plus closed out its news release with a rather curious statement.

"The transaction between Randy Studer and Urban Casavant was a positive agreement for all concerned and will now enable the company to focus on the business of mineral exploration," the company declared, perhaps raising the question of just what business the junior exploration company had been focusing on during Mr. Casavant's tenure.

As it turned out, the newly enabled focus did little for the company or the share price. With the stock changing hands at a Canadian penny in January of 1999, Petro Plus consolidated its shares on the basis of one new share for each five old shares and changed its name to Northern Star. Just over a year later, with the stock trading at five Canadian cents, Northern Star executed a similar rollback and changed its name to Odaat Inc.

Odaat, still under the direction of Mr. Studer, limped along until January of this year before executing yet another share consolidation, this time on the basis of one new share for each four old shares, and changed its name to Explor Resources Inc. Explor trades thinly and sporadically, sometimes going days between trades. It last changed hands on Sept. 9, registering a volume of 250 shares and closing at 34 Canadian cents.

While the Petro Plus affair is long behind Mr. Casavant, he at least briefly teamed up with his Petro Plus successor and current Explor president Mr. Studer again last year. On Aug. 27, 2003, CMKM awarded a reported $3-million mineral exploration and drilling contract to Mr. Studer's privately held Durama Enterprises.

Just how long that ballyhooed contract lasted and how much money changed hands, if any, are open questions. CMKM's last mention of Durama came in an Oct. 30, 2003, news release announcing that the company's Fort a la Corne diamond exploration had been delayed due "to unexpected magnetic storms caused by 'sunspots.'"

Meanwhile, some of the unanswered questions regarding CMKM's latest associate, St. George, should be answered over the next few days, according to Ms. Curran.

Among other things, Ms. Curran told Stockwatch that information regarding St. George's "brand new board of directors" would be released this week.

Ms. Curran would not disclose whether St. George had already raised the full $10-million needed to complete the announced deal with CMKM. Remarking that "it's definitely raising some flags to the investors," Ms. Curran said the "explanation will be in all the reports" to be issued this week.

According to Ms. Curran, "a handful of press releases" to be issued this week will provide the background of the company, where it is going, "levels of priority" and other information. A new Web site is also scheduled to be operational this week.

"I kind of feel like I'm helpless right now just because there is not a whole lot I can release unless it's public knowledge," Ms. Curran said.

At this point, there is very little information in the public domain regarding the revived shell.

According to company information provided on the pink sheets Web site, St. George had approximately 16.9 million shares outstanding as of Sept. 6. With a staggering 200 billion restricted shares comprising part of the deal with CMKM, that figure will see an astronomical revision. St. George is authorized to issue 950 billion shares, so the outstanding share total could be subject to more massive revisions.

While such lofty share figures are beyond the experience of most investors, they are old hat to shareholders of CMKM, which recently bumped its authorized share total to 800 billion. Based on information provided by the company regarding a dividend-in-specie distribution of 7.5 million shares of U.S. Canadian Minerals scheduled for Sept. 24, CMKM has more than 779 billion shares outstanding.

Notwithstanding the fact that the dividend ratio was first provided to regulators as required under U.S. securities regulations by CMKM's much touted lawyer, D. Roger Glenn, and subsequently revised by the company at about the time it raised its authorized shares to 800 billion, many of the hundreds of cult-like Internet followers of Mr. Casavant's promotion dismiss any suggestion that CMKM has issued more than 779 billion shares.

Indeed, some CMKM shareholders are prepared to argue, speculate and theorize at painfully convoluted length that there are really only a few billion shares outstanding. Others go even further, claiming that there are no real shares outstanding at all.

Given that fantasies trump facts among many of the starry-eyed CMKM shareholders, the dearth of information regarding the revived St. George may be much more of a boon than a bane for the company's imaginative devotees.

While there is little in the way of information regarding the current St. George, there is a considerable amount of historical information available regarding the former VSE-listed company. Some select and dated snippets regarding St. George caused quite a tizzy among CMKM's cultish followers.

Legend and History

Just how the former VSE-listed company came to be named is probably lost in the dustbin of history, but many people will undoubtedly associate the name with the legendary dragon slayer and patron saint of England, St. George.

The notion of dragon slaying may resonate well with many CMKM shareholders, particularly the band of loyal followers who congregate by the hundreds on PalTalk, an Internet chat site that provides participants with both text and audio communication.

Among the "dragons" that fantasy-loving CMKM shareholders would like to see vanquished are the market makers they believe are shorting this sub-penny pink sheet stock. The fantastic estimates of the size of the imagined short position, served up repeatedly by the PalTalk faithful, range from hundreds of billions of shares to a trillion or more.

The belief in a huge short position is evidently shared by CMKM's investor relations representative, Melvin O'Neill, affectionately known as Uncle Melvie. Mr. O'Neill is a frequent participant in the PalTalk palavers; indeed, he checks in almost daily.

"This company is being shorted to the bejeesus," Mr. O'Neill proclaimed on Aug. 12, much to the delight of the assembled throng. He went on to claim that Mr. Casavant and Mr. Glenn, the company's highly touted lawyer, are both convinced of the same thing.

According to the CMKM faithful, Mr. Glenn will be taking care of the shorting "problem," and many believe that Vegreville-based St. George will play a role in that trumpeted problem-solving exercise.

While the popularized exploits of St. George are widely known, including Disneyfied tales of his legendary dragon slaying in England, the actual historical figure never set foot in England. He was martyred in Palestine around 300 AD and pilgrims and crusaders carried the already embellished stories of his deeds back to England several centuries later.

Among the accounts of St. George that eventually found their way into manuscripts are tales that he was put to death three times, chopped up and buried, but resuscitated to carry on with his mission of converting heathens to the true faith. While the substance of those tales is generally discounted, some parallels might be drawn with the corporate history of the newly revived St. George.

St. George Minerals Inc., which was little more than a garden-variety VSE-listed junior mining company, began trading more than two decades ago. Among the early participants in St. George, however, were two people whose names have caused a tizzy among the excitable CMKM followers: Stewart Blusson; and Ross Blusson.

Stewart Blusson has near-legendary status among those familiar with Canadian diamond exploration. Along with the perhaps more widely known Chuck Fipke, Stewart Blusson discovered the diamond deposit in the Northwest Territories that became Canada's first diamond mine, the Ekati mine.

Alas, at least for the excitable CMKM fans, Stewart Blusson's association with St. George Minerals was fleeting and distant. He is recorded as receiving shares of St. George Minerals to satisfy a debt, something that occurred long before the company completed its makeover into St. George Metals in January of 1991.

Ross Blusson's association with St. George Minerals was more extensive and direct. He, too, received shares for debt, but he also participated in a private placement and served a stint as a company director.

Alas, again, at least for the CMKM fans excited by the very mention of the name, Ross Blusson was long gone before St. George Minerals executed its 1991 transformation into St. George Metals.

The liquidation of St. George Minerals and the amalgamation with its U.S. subsidiary was proposed by the company's five-member board of directors, which did not include anyone with the name Blusson, in January of 1990. The proposal received shareholder approval at the annual general meeting on May 31, 1990.

The liquidation and consolidation was consummated on Dec. 31, 1990, and St. George Minerals was delisted from the VSE on Jan. 29, 1991.

With St. George Minerals laid to rest, St. George Metals began trading on the VSE on Feb. 1, 1991. The resuscitated St. George Metals boasted seven directors, none of whom were named Blusson.

In less than a year after being called to trade on the VSE, St. George Metals racked up 12 delinquent filer notices before being cease traded by the British Columbia Securities Commission.

The company cleaned up its filings and the cease trade order was rescinded on Dec. 30, 1991, but less than six months later it was again being cited as a delinquent filer.

St. George soldiered on for a time, but the cash-strapped company ceased operations at its Dean Mine in Nevada in September of 1993. After tallying another eight delinquent filer notices, it was finally suspended from trading in 1995 and then ignominiously delisted from the VSE early in 1996.

Before its recent awakening, the shell traded sporadically on the pink sheets, eking out only occasional trades over the past year, most at one-10th of a penny. That changed rather dramatically following the Sept. 2 news release regarding the $10-million deal with CMKM.

On Sept. 8, St. George hit a dizzying high of 75 cents before settling back to 35 cents on a volume of more than 650,000 shares. More than 2.4 million shares changed hands the following day, but the price slid a bit further, ending the session at 26 cents. With just over one million shares trading on Sept. 10, St. George climbed back up to 37 cents.

The trading volume has dropped off this week as investors, including CMKM's faithful and excitable shareholders, await the promised announcements from St. George. None of the handful of information-packed news releases that were to be issued this week has yet appeared.

With a more modest 57,530 shares changing hands, St. George closed at 44 cents on Sept. 15.

Meanwhile, CMKM's share price has not enjoyed any lift at all from the deal with St. George, much to the consternation of the company's faithful followers. Indeed, the share price has been under some pressure, dipping as low as two-100ths of a penny over the past couple of days.

With more than 2.1 billion shares changing hands, and thanks to yet another of the rather frequent 50,000-share trades at the daily high logged at the bell, CMKM closed at four-100ths of a penny on Sept. 15.

The saga will continue.

posted September 16, 2004 16:17            

quote:

---

Originally posted by Money_Penny:
To "assume" that 10% of our claims are pure kimberlite is ridiculous!

---

posted September 16, 2004 16:31            

quote:

---

Originally posted by glassman:
how about some statistics on how often 2 kimberlite pipes right next to each other produce the same results????

---

Since you asked:

73% of kimberlite formations exhibit similar mineral composition when these said formations are within the limits of close proximity and same geological formation and have not been diluted or tainted by glacial or sedimentary degregation.

US Geological Survey USGS/Reports: June 1997 / Volume 37, page 38

posted September 16, 2004 17:31            

By: bill19336
16 Sep 2004, 03:13 PM EDT
Msg. 82230 of 82252
Jump to msg. #

***How credible are CMKX's detractors?

First, Carol Remond has done some wonderful work on several occasions. However, she has also had to retract several stories and apologize for shoddy investigative work. I place both of her articles attacking CMKX in the latter category and I posted a rebuttal to every rumor and innuendo she made in her last article.

What about Stock Patrol and it's leader, a former felon who has been involved in securities violations? Do you question his motives for publishing a piece which contained nothing more then poorly researched speculation. I posted a rebuttal to all the rumors put out by this "self anointed" savior.

In regards to Stock Watch and Lee Webb. Anyone who has read his work knows his biased and narrow-minded reports do not carry the credibility necessary for a rebuttal. If you believe that a reporter should be clear headed, objective and supply both sides of the story, then do yourself a favor and read his posts on the RB board. That should pretty much give you the knowledge to form your own judgment about his credibility.

In my opinion, it comes down to who you believe. Do you believe a reporter who has made several pubic retractions? Do you trust a former felon? Do you trust someone who has limited credibility?

Or do you trust a partner in a prestigious wall street legal firm? Do trust your own eyes and review the mineral rights CMKX holds? Do you trust an owner who is not afraid of publicity? Do you trust the numerous "publicly" traded companies that CMKX has joint ventures with? Do you trust the fact that Citibank (SBSH) started trading in CMKX many months ago. Do you trust the fact that Canadian and American regulatory bodies have allowed CMKX to continue trading billions of shares a day without a peep?

I find it very curious that these three have been attacking CMKX from the beginning. In the last week all of them have written strongly opinionated articles with slanted and one-sided reporting. Does it appear the "gang of 3" has joined forces with the bashers and the manipulators in attempt to destroy CMKX?

I can only raise the questions, it's up to each of you to answer them. Use that answer to decide whether to buy, sell or hold.

posted September 16, 2004 18:05            

quote:

---

Originally posted by WorkAHolic:
Since you asked:

73% of kimberlite formations exhibit similar mineral composition when these said formations are within the limits of close proximity and same geological formation and have not been diluted or tainted by glacial or sedimentary degregation.

US Geological Survey USGS/Reports: June 1997 / Volume 37, page 38

Seems to me that anyone can quote a source and it not be true or real. You guys should not believe everything that is put on this or any other board unless you do the research yourself. I've notice many false or misleading quotes of PRs, Magazines, Web Sources and Books that are presented as fact. The above is one of them. There is no such report, this was made up.

---

posted September 16, 2004 20:33            

netsec,

I think you really did all the posters a good turn by posting Lee Webb's piece.

In addition to the "EGG" bit, I LMAO at least three times. Did anyone pick up on the following and notice the words "cult-like"? Sound familiar? I'd call that plagiarism!!!! LOL

Notwithstanding the fact that the dividend ratio was first provided to regulators as required under U.S. securities regulations by CMKM's much touted lawyer, D. Roger Glenn, and subsequently revised by the company at about the time it raised its authorized shares to 800 billion, many of the hundreds of cult-like Internet followers of Mr. Casavant's promotion dismiss any suggestion that CMKM has issued more than 779 billion shares.
--------------------------------------------

Will get back to noahltl's responses ASAP!
Remember the Boy Scout oath? LOL And it is not HOLD,HOLD,HOLD!

[This message has been edited by Wallace#1 (edited September 16, 2004).]

posted September 16, 2004 22:01            

Mr Webb of Stockwatch is an apparent graduate of the Dan Rather School of Journalism.
---------------------------------------------

Can you point out one thing and prove that what Webb stated is untrue? Just one? If you cannot prove it, can you just point it out?

Your repost of comments by "Bill" shows some very serious flaws. He refers to rumors and innuendos, but then they are what he used
to supposedly refute anything said by Webb or anyone else in that post. I did notice that he made no mention of Victor Casavant's
question of illegal distribution of shares and a settlement of $1000 CA.

Aren't you the one who frequently says negative things about RB?

Why haven't you or anyone else responded to CMKX's making no mention of the fact that the flyover included claims of UCAD and more? Was it an attempt to mislead readers of the PR? If in error (which should have been obvious), why didn't CMKX promptly correct the statement and include all the parties? How many of those 100s of anamolies were on claims of other companies?

Why has no one addressed the depleted amount of claims? Instead, they keep referring to 1.9 and/or 1.4 mil acres.

I am willing to bet that there is some kind of close connection between the controlling shareholders of both CMKX and SGGM (St George). From where is SGGM getting the funds for that deal? Is it going to be from one hand to another and then back again?

Why, if UC and CMKX want to focus on exploring for diamonds (as stated), have they now given $1 mil to CIM for a share of the so-called profits?

Forgot, this noahltl:
RATTLE, RATTLE, RATTLE!!!!

posted September 16, 2004 22:04            

quote:

---

Originally posted by highwaychild:
Not to fond of your 'cult' comment I must admit.There's not any sacrificial mombo-jumbo going on here, no ghosts or no spooks.
What IS spooky to me is how shallow your life must be just to live it crucifying CMKX.
But oh well,you're the one living it.You must have alot more time on your hands than I do I guess.I'm not sure if you go around hammering other stocks ALL the time like you do here but I guess you don't or Allstocks would have blocked your Walla$$ by now.Go figure.Not sure as to how you get away with it here.Shallow.

---

Highway, we've been caught, Congressman Wallace is landing at the airport right now. Pass out the Kool-Aid

posted September 16, 2004 22:46            

quote:

---

Originally posted by highwaychild:
See this is what I'm talking about.You have any idea how many people he's insulting here with his crap.It's getting old.Any stock this low has nothing more to offer than another at this price.Yet people pick this particular stock to hammer.I mean seriously.Why?
Again and again and again and again and again.

---

posted September 16, 2004 22:47            

quote:

---

Originally posted by glassman:
i think it has something to do with the ark thingy hiway....

---

posted September 16, 2004 22:51            

quote:

---

Originally posted by highwaychild:
Maybe...But many have been raining on this far longer than 40 days and 40 nights.But this .0003 Co. deserves more respect.With it's RECENT track record of being at .0001 and no reverse split,moving up,'tring' to move up an extange and getting out of the .0001 'celler'.I just don't get where all the haterd stemes from.

---

posted September 16, 2004 23:00            

******************************************
A: I don't know Bill other than by his posts. Do you know, have proof, that Bill was using innuendo in his responses? Why would he comment on the Victor Casavant issue when the article clearly states it was petty. Obviously you have never run a corporation and had to keep up with the thousands of requirements and reports required.

*******************************************

Aren't you the one who frequently says negative things about RB?

********************************************

A: I have probably commented on some of the crazy things that people say over there just as I have aboout Sterlings PalTalk. But there are still decent, knowledgeable people posting at both of them.

******************************************

Why haven't you or anyone else responded to CMKX's making no mention of the fact that the flyover included claims of UCAD and more? Was it an attempt to mislead readers of the PR? If in error (which should have been obvious), why didn't CMKX promptly correct the statement and include all the parties? How many of those 100s of anamolies were on claims of other companies?

********************************************

A: We are joint venture partners with UCAD on the diamond explorations why wouldn't the Goldak have been used on both holdings? You and Mr Webb are the only ones trying to mislead readers. Do you think that the Goldak Survey people are involved now in your conspiracy theories? Do you think maybe they may know something about charting and surveying and how to survey the proper locations?

****************************************

Why has no one addressed the depleted amount of claims? Instead, they keep referring to 1.9 and/or 1.4 mil acres.

*******************************************

A: Because no one asked me. Melvin gave a completely rational answer on PalTalk about that a couple of weeks ago. The surveys revealed that some of the holdings were not likely to produce any valuable minerals. The costs of maintaining the mineral rights agreements are very high. They eliminated some locations from their lists of interest and sold off the rights or termninated them to save money.

******************************************

I am willing to bet that there is some kind of close connection between the controlling shareholders of both CMKX and SGGM (St George). From where is SGGM getting the funds for that deal? Is it going to be from one hand to another and then back again?

*******************************************

A: No one knows that yet except the prinicipals involved. I don't doubt that there are maneuvers going on with SGGM but with Roger involved, I also don't have any doubts that they are ethical, above board and designed to be a part of the ultimate merger.

*****************************************

Why, if UC and CMKX want to focus on exploring for diamonds (as stated), have they now given $1 mil to CIM for a share of the so-called profits?

****************************************

A: I really don't know if you are talking about some new transaction or the old one. CIM was a place to safely park the old shareholders while Urban took on the NSS problems with CMKX. CIM apparently owns a zinc mining operation, and if Urban feels it is beneficial to invest another million in it, who am I to question his business decisions. He's been making a lot more money than you or I, so I guess I'll just trust his business acumen more than mine or yours.

********************************************

Forgot, this noahltl:
RATTLE, RATTLE, RATTLE!!!!

********************************************

A: I knew I'd heard that some place before. Huh, there it is again.

[This message has been edited by noahltl (edited September 16, 2004).]

posted September 16, 2004 23:05            

quote:

---

Originally posted by dwman:
Money...It's not like legal just came up with "ridiculous assumptions". We do have the Shore Gold PR from today. We also have the aereal survey. To call legal's assumptions ridiculous, is ridiculous. He should be able to share his thoughts without being called ridiculous.

---

OK first of all, my comment wasn't diretcted at legal. He posted a post from another board. My response was to the post from the other board.

Second, we may have aerial results and we may have "hundreds" of anomalies, but to say that we may have 140,000 acres of pure kimberlite does sound a little far fetched for my taste.

posted September 16, 2004 23:18            

Safe drive!
--------------------------------------------

posted September 16, 2004 23:24            

quote:

---

Originally posted by Wallace#1:
Money_Penny,

Safe drive!

---

And your "questions" weren't what all on this thread have come to expect?

If you don't want my answers, don't ask the question.

posted September 16, 2004 23:32            

De Beers & Economic Diamond Mines in the FALC

By: bill19336
15 Aug 2004, 09:14 PM EDT
Msg. 12644 of 12660
Jump to msg. #

***BASHERS. here's some facts for you.***

Part I.
Read the article below and follow the links to get an idea of what the future holds for us.

"De Beers extends support"
The StarPhoenix (Saskatoon) 2004
June 29, 2004

Here's the link to the entire story: http://www.realestateappraisals.com/News/FLC0604.PDF

Below are some highlights from the article:

The president of Kensington Resources Ltd. Robert McCallum says that De Beers has committed $6 million in exploration activity from now until March 31.

Furthermore, he sees an increased interest by De Beers in finding out how many other, high-quality kimberlite bodies exist near the four bodies that have already been partially drilled during the past five years by the joint venture. He sees De Beers shifting priorities and possibly going in a completely new direction.
(I will speculate on the reasons for this change in part II.).

The four main kimberlite bodies identified by the joint venture already contain an estimated 369 million tonnes at an average modelled grade of 10 carats per hundred tonne, according to information De Beers has supplied to Kensington.
(CMKX has hundreds of anomalies.)

He says there are enough huge kimberlite bodies within the land the Fort a la Corne joint venture has staked that it could be possible for a central processing plant to be fed from three to four giant open pits, where the total tonnage of kimberlite could approach a billion tonnes.
(CMKX owns millions of acres of newly surveyed land.)

Using De Beers' computer-modelled estimates of $146 per carat from the 79-million-tonne kimberlite deposit, McCallum says each tonne of kimberlite in that deposit could be worth about $26 Canadian.

On the cost side, he says open-pit methods such as those used in the Fort McMurray tar sands could easily be kept around the $15-per-tonne mark. Considering the huge size of the deposit, an operating margin of $10 a tonne would make for a highly profitable large-scale diamond mine even if the grades are low by Canadian standards, McCallum said.
(Open pit is the fastest, cheapest and cleanest way to mine for diamonds).

As great as the above referenced material sounds, it's important to realize the constraints Urban and Roger are under. As I said in post 12589 (click on http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00206&read=12589 ), Urban has to maintain the perceived scarcity of diamonds. De Beers has been hugely successful as a result of their "benevolent manipulation" of the diamond market. Thus, the last thing we need is for someone to "flood" the market with diamonds.

If Urban's ultimate plan is to transform the diamond industry from a cartel-controlled to a free market structure, we will need to be patient. I'm not saying we will not do well in the short term, I'm just saying that we will do incredibly well in the long term.

Good Luck

N O T E S:
1. Just for kicks, take a look at the map that compares CMKX's, De Beer's and Shore Gold's holdings in the FALC region.

2. Then consider each company's holdings in the FALC region.
CMKX = 2 million acres...............De Beers =58,000 acres................ Shore Gold = 30,000 acres

3. Now extrapolate some numbers from the figures De Beers has published.

4. It's about long term VALUATION, not OS, not Naked Shorts!!!

5. Don't allow bashers to confuse and frighten you, review the facts that the true longs have posted and decide for yourself.

6. The Punchy Palooka has no facts, he only promises to give us facts and has said he will apologize if he's wrong.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00206&read=12644

By: bill19336
15 Aug 2004, 10:31 PM EDT
Msg. 12648 of 12660
Jump to msg. #

***Some more facts for bashers***

Part II

De Beers extends support part II.

Why do you suppose that De Beers just invested another 6 million in the Fort a La Corne Region?
In my opinion, it's because they know the center of the diamond universe will soon be located in the FALC region. I outline a few of the reasons for the shift from Africa to Canada below:
___________________________________________________

First, read the transcript of a radio interview with Dr. Mark Hutchison, the world renowned geologist.

*Dr. Hutchison: (quote) ""Well, Fort à la Corne is actually internationally known as being quite an exceptional area for kimberlites and for diamonds. And, as I say, it sets up an internationally-known area for large kimberlites and kimberlites of significant size and because they're diamondiferous, there’s a potential for very large quantities of diamonds"". (end quote).

-In my opinion, it is well known that many of De Beers older African mines appear to be on the brink of being "mined out".
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=50759
___________________________________________________

Below are some of the advantages that will turn Canada's Fort a La Corne region into the capital of the mining world:

*A stable political situation in Canada is a major savings since there is no need to appease petty dictators. Additionally, the need for extreme security measure to prevent attacks by political dissidents is not necessary.

-The African nations continue to suffer the instability of war and a fluid political situation (e.g., Sierra Leone, Botswana, etc.)

Follow the link below to read about De Beers current problems. http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=64937
___________________________________________________

*The Canadian government is currently attempting to lure mining companies to it's mineral rich areas in an effort to create jobs. Some companies have even been able to receive tax concessions from the regulatory authorities.

-The African nations continue to be an obstacle to the mining companies working there.
__________________________________________________

*The necessary infrastructure already exists (i.e., roads, housing, airports, etc.)

-In remote locations expensive support networks must be built from scratch.

Follow the link below and read about the city De Beers built. http://edwardjayepstein.com/diamond/chap2.htm
___________________________________________________

*Canada is right next door to the largest diamond market in the world, that is, the United States.

-The shear distance from Africa to the largest target market adds an expensive layer of cost to the distribution system.
__________________________________________________

*The diamonds from Canada can be certified to be "conflict free".

-The world has been made aware of the suffering caused by illegal "blood diamonds".
__________________________________________________

*Since Canada has always had an abundance of experienced workers, the operating costs in Canada can be kept competitive while at the same time providing a living wage and decent working conditions to it's workforce. Additionally, it has always been difficult to lure the best and the brightest to the remote regions of the African continent where mining is done.

-The inhuman conditions some mining companies force upon their workers in Africa are an abomination to mankind.
__________________________________________________

*Canada's central location will make the movement of foodstuffs and equipment to the site much cheaper.

-Shipping costs become a consideration when everything must be shipped to a remote site (e.g., housing, heavy equipment, food, labor, etc.)
__________________________________________________

*Canada's FALC region is rich in other minerals.

-I bet Urban hasn't forgotten this fact.
__________________________________________________

Last but not least, don't forget that little old CMKX has hundreds of surveyed and filtered anomalies on the claims it controls. Patience is the only missing ingredient!!!

posted September 16, 2004 23:33            

quote:

---

Originally posted by will:
Look up a post. It isn't hatred of the stock, it is the dislike of the treatment people get for just offering a differing opinion. I'd say the universal "you", has brought it on themselves here.

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"You" was me right?Oh well I can't help but be for the underdog sometimes.It has worked out for me in this case.1/2 my 6 mill. shares are free.Wish I would have waited a little longer to sell some when I did or they all would have been.

Allways been for the underdog I guess.That's why I'm pulling for the Bears over the Pack this weekend by one point.You here that Upman?lol.I'm gone.But will look for your reply UP.LOL

posted September 16, 2004 23:36            

PS: Cannot be bothered with your latest manifesto! As usual, scroll right through them.

posted September 16, 2004 23:41            

quote:

---

Originally posted by highwaychild:
"You" was me right?Oh well I can't help but be for the underdog sometimes.It has worked out for me in this case.1/2 my 6 mill. shares are free.Wish I would have waited a little longer to sell some when I did or they all would have been.

Allways been for the underdog I guess.That's why I'm pulling for the Bears over the Pack this weekend by one point.You here that Upman?

---

posted September 16, 2004 23:43            

quote:

---

That's why I'm pulling for the Bears over the Pack this weekend by one point.You here that Upman?

---

posted September 16, 2004 23:58            

GUMP90

I'd be a fool if I wasn't concerned. Nobody likes going this length of time without the nuts and bolts of what's going on behind the scenes. I was hoping to have heard it by now. But we haven't. Oh well. As I have said, the company is asking a LOT of us in terms of placing our faith in them. And we are delivering. People have held strong. Now it's the company's turn to deliver. And deliver they must. I have said from the start that the shorts will play this out as long as they can to take advantage of investor impatience and the supreme knowledge that things always take longer than anyone would like. And I am simply commenting that we are entering a critical period that will test EVERYONE'S faith. This IMO is why the shorts have stuck around this long. I think they're as curious as the longs to see Urban's hand. Am I confident? I'm not sure that I've ever been "confident" about the outcome. I think I've always been "comfortable". Certainly all the evidence gives me a great deal of comfort in the bet I've placed. But without knowing more than is publicly available, I'm reserving the "confidence" until after we see Urban's hand.

I believe in this company 100%.
I believe the naked shorting is happening to an extensive degree 100%.
I believe Roger was brought on board to help the company rid itself of the naked short and bring a fantastic piece of property to proper valuation 100%.
I believe I could also be 100% wrong.

But that is what I believe. And that is the difference between beliefs and knowledge. I do not KNOW what will happen. But I BELIEVE we will do very well indeed. All I'm pointing out is that we are getting ready for CRUNCHTIME. And everyone better be READY.

PS You got a link on that shore gold financing PR?

Z

As always, these are my personal opinions.

posted September 17, 2004 09:40            

This guy is nuts. When you believe in something 100% there is no room for "non-belief".

I have a question for someone more knowledgeable with this stuff. Lets say there is 800billion shares sitting out there (I believe worst case). 800b$x.0003 = $240million. Why wouldn't DeBeers come in and just buy up every single share, even if they had to go to .0007 on them, if these claims are as good as a lot of people are saying? They can afford it (especially after they bought the shares and started mining) and it would allow them to continue their monopoly on the diamond market.

And I am not a basher nor pumper of this stock. I bought in late and I am sitting on 2.75million for the bargain price of .000564 (averaged down). Just want to hear some theories and answers to my question.

posted September 17, 2004 09:59            

The answer is obvious and I am guessing you already know it.

posted September 17, 2004 10:37            

Renowned Diamond Stock Pundit John Kaiser Announces His Top 2004 Picks At Annual Vancouver Mining Investment Conference

By By Marc Davis, Managing Editor
February, 2004

A record crowd of about 4,500 investors packed out this year’s Vancouver Resource Investment Conference at the Pan Pacific Hotel in Vancouver on January 25-26. And many of them came to hear renowned investment newsletter writer, John Kaiser.

The author of San-Francisco-area newsletter, The Kaiser Bottom Fishing Report, did not disappoint them with his typically insightful commentary. Widely-regarded as the pre-eminent diamond stock expert among his stock pundit peers, Kaiser was nonetheless quite circumspect this year. Emphasizing that diamond exploration is a painfully laborious process, he cautioned investors not to expect many exciting developments to unfold in 2004. But that’s not what everyone came to hear. They wanted to hear which specific stocks would beat the odds by becoming newsmakers. So Kaiser (almost grudgingly) listed off a few of his favourites.

They include Mountain Province Diamonds Inc. (TSX: MPV) – a long-time favourite of his. Last year, Kaiser told a standing-room only audience of about 500 people (much like this year’s attendance at his diamond presentation) that Mountain Province was arguably his top pick. It had “$5 to $10 potential” written all over it, he said at that time. This view was based on the likelihood that the diamond junior’s deep-pocketed joint venture partner, De Beers, would advance the AK Properties project (which includes the prized Hearne and 5034 pipes) a long way towards a commercial production threshold. But Kaiser’s high hopes were soon dashed and Mountain Province’s share price fell out of bed following De Beers’ announcement that the AK Properties project would be temporarily shelved.

Unfortunately, most of Kaiser’s other favourite diamond picks also failed to perform last year due to a commonality of underwhelming exploration results. But that’s the nature of hunting for diamonds. A typical timeline for an end result is usually eight to ten years. And Kaiser is always at pains to point this out to investors as a caveat to his usually cautious diamond recommendations.

So, once again Kaiser stood before a stock-tip-hungry audience, bravely announcing that this will likely be Mountain Province’s year to glitter again. Once more, he based his opinion on the likelihood of De Beers acquiescing to bankrolling a $25 million pre-feasibility study at Snap Lake. What would prompt this change of heart by De Beers? Well, Kaiser argues that the diamond cartel is sensing a growing need to find new ways to replenish its dwindling global diamond supplies. And the prospect of tapping into a ready supply of “bloodless” Canadian diamonds is too compelling to continue to dither over, Kaiser argues. So the Snap Lake deposit represents a good gamble for De Beers.

For the same reason, Kaiser also favours Kensington Resources Ltd. (TSX.V: KRT) and its neighbour in Fort a la Corne, Saskatchewan – Shore Gold Inc. (TSX.V: SGF). This is because of the advanced-stage of both companies’ adjoining diamond projects. And of course, there is also the fact that De Beers is partnered with Kensington and is keeping the door open with Shore Gold should the junior’s recently initiated 25,000-ton bulk sample begin to yield plenty of diamonds in excess of one carat.

Kaiser also notes that De Beers would have to come up with as much as $25 million to finally bring Kensington’s mammoth 140/141 twin pipe to the threshold of a production decision.

“It’s going to take that kind of money to determine if this billion-ton pipe has large, gem quality stones that are well-distributed throughout. It’ll take that kind of consistency to justify a future production decision,” he said.

Meanwhile, Shore Gold will have to come up with some impressive diamond counts of its own in the coming months, particularly in terms of size and value curves. That is what’s needed to get De Beers to open its chequebook with an offer the diamond junior won’t want to pass on.

Meanwhile, the processing of Shore Gold’s bulk samples will surely prove to be a time-consuming process and results are expected to be announced throughout 2004 “in dribs and drabs,” as Kaiser puts it. This could easily hold off a feasibility study decision until early next year. Speculators will no doubt cast their votes on the future prospects of a diamond mine at Fort a la Corne by reacting to each bulk sample announcement that trickles out with a flurry of buy and sell orders.

“This could make Shore Gold one of the most volatile stocks of the year,” Kaiser cautioned.

But investors with steely nerves may be inclined to stay the course with Kensington and Shore Gold when considering how important their respective prized pipes could prove to be for De Beers -- the ever-pragmatic diamond cartel.

“De Beers is ‘hot to trot’ to develop Canadian diamond mines…Their diamond production in Botswana and elsewhere is going to dry up at some point, not too many years from now. Remember this is a company that plans along a 100-year timeline,” Kaiser said.

“And Fort a la Corne has the ability to feed De Beers with diamonds for the next 50 years.”

Later, he told captivated listeners that his “dark horse” picks for 2004 include Dr. Chuck Fipke’s Metallex Ventures Ltd. (TSX.V: MTX) and its joint venture partner, Arctic Star Diamond Corp. (TSX.V: ADD). Kaiser pointed out that Fipke has the discovery of the $3 billion Ekati Diamond Mine to his credit and is arguably the best -- or one of the best – diamond hunters in the world. But after spending over $8 million in the remote Attawapiskat area of James Bay, Ontario, Fipke’s diamond project still remains shrouded in secrecy.

Fipke is definitely hot on the trail of potentially economic diamond deposits in the vicinity of De Beers’ prized Victor pipe – which is on track to become Canada’s next diamond mine. But how close he is to a major announcement is anyone’s guess, Kaiser mused.

“Fipke seems to have established that there is a generation of pipes in Attawapiskat with no magnetic anomalies -- or ones that are so subtle they don’t show up on airborne surveys,” he added.

“And he has some geochemistry that suggests large stone diamond potential.”

Another well-regarded junior, Pele Mountain Resources Inc. (TSX.V: GEM), is however moving along a much more aggressive timeline in Attawapiskat than the notoriously methodical Fipke. Pele Mountain is presently drilling some magnetic targets in the hope that Fipke’s theory is far from watertight. Kaiser likes Pele Mountain as a long shot that could surprise everyone with one or more diamondiferous kimberlite discoveries in early 2004.

Meanwhile, north of Canada’s tree line, a number of Kaiser’s other favourite diamond stocks are also busy spending millions of dollars on their own top diamond pipe prospects. These well-managed juniors include Diamondex Resources Ltd. (TSX.V: DSP), Diamonds North Resources Ltd. (TSX.V: DDM), Shear Minerals Ltd. (TSX.V: SRM), Dunsmuir Ventures Ltd. (TSX.V: DVV) and Stornoway Diamond Corp. (TSX.V: SWY). None of these stocks are expected to make any earth-shattering announcements this year but they all have enough sparkle in their respective exploration plays to keep the Great Canadian Diamond Rush alive and kicking.

Coronation Diamond District, Nunavut - An Emerging New Diamond Field

For an incisive insight into the companies that are spearheading Canada's emergence as a world leader in diamond mining and exploration, please download the research report.

.Download Full Article

This is an Adobe .PDF format.
If you do not have Adobe Acrobat Reader - click the button

posted September 17, 2004 10:53            

LURKER POLL: We know there are many who read the posts here, so I thought it would be interesting to hear from all of you. So while we wait, how about a post from each of you, at least telling us if you are long, short or somewhere in between. And any opinion if you want to express it.

posted September 17, 2004 10:56            

quote:

---

Originally posted by glassman:
[QUOTE]Originally posted by dwman:
[b]I found this interesting. It was written in Feb of 2004

looks like he forgot to mention CMKX?????

---

Yes, it does glass. That was one of the things that interested me. However, he obviously is not as astute as all of us longs. lol I'm still end til the end.