posted
Paul, I agree with you that money can be made on this stock if you have patience and watch it closely because you're right, it does pop now and then. I believe that's how you have to play this stock because when it does pop, it's based on p/r's and rumors, not on the merits of the company itself. Take a look at this excerpt from their latest p/r:
LAS VEGAS, Mar 11, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets:CMKX) announced today that the company will begin drilling on privately owned land in which CMKM Diamonds Inc. owns the mineral rights.
Permission has been granted by the landowners to drill on the privately owned property in which no government permits are required.
This statement is a bold faced lie. Whether drilling on private or public land, certain permits have to be obtained, (do a google search for Canadian mining regulations). There are environmental impact studies that have to be submitted, the plan for the clean up of the area after work ceases has to be submitted, so on and so forth. Drilling is a messy procedure with slag being pulled from the earth, coolant for the drilling equipment spilling all over the ground, etc. These issues need to be addressed whether on private land or not and permits DO need to be obtained after their plans are submitted and approved. CMKX makes it sound like just because they are on private land they can let a drilling rig rip into the earth and damn the consequences. It's just not that way. My hunch is that the reason they are claiming the private land, no permit necessary thing is that they know that no one can check up on them this way. Drilling permits are a matter of public record. No permits, no public records.
Anyway, I'll get off my soapbox now and just state that I am not trying to be a guardian angel for anyone or anything like that. I have a small position in this stock myself and like you, have a sell in for .0002. In my opinion, that is the only way to play this one as I believe this is not a real company and they have no chance for anything in the future other than being shut down once this scam all comes to light.
posted
im tired of this stock. im trying to sell at 0.0001 its only an order of 1 million shares. Im willing to take the loss due to commission fees. But my sell order isnt filling. why is that?
Posts: 133 | From: san diego CA | Registered: Feb 2004
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quote:im tired of this stock. im trying to sell at 0.0001 its only an order of 1 million shares. Im willing to take the loss due to commission fees. But my sell order isnt filling. why is that?
Because until something happens to move this stock out its .0001 trench, no one other than the market makers will make anything on it. If you really want to sell it, put in a market order. It will sell immediately at .00008 or less. I've heard of orders filling for .00001. All you can do is keep your order in and hope it gets filled eventually. It might take weeks but sooner or later it should go through.
posted
ok, I don't own this stock, but have watched it for the past months.. Too fishy for me. IMO this stock is crap. How do you trade @ billion shares and not move? Answer, the company is dumping shares, period. Just my opinion not bashing.
Diamond exploration taking off Recent entrants into the diamond exploration game in Fort a la Corne have started testing and drilling for kimberlite.
BY JORDIE DWYER Journal Staff
Nipawin Journal — Diamond exploration taking off BY JORDIE DWYER Journal Staff Recent entrants into the diamond exploration game in Fort a la Corne have started testing and drilling for kimberlite. Montreal-based Forest Gate Resources (TSX:FGT) announced last week that 500 kilograms of kimberlite from core samples at their Dizzy Kimberlite body is being processed at two different facilities - one in Thunder Bay and the other at Lakefield, Ont. The company is expecting to have the results back by the end of the month. Meanwhile, CMKM Diamonds Inc. (OTC:CMKX) of Las Vegas announced Monday that core hole drilling has started in the region, two days ahead of schedule. President Urban Casavant stated the drilling program will last about six months on targets that have indicated, through geophysical surveys, a high probability of finding kimberlite. Currently, the claims being explored are on privately-owned land, which the company was able to gain access to earlier than anticipated. Shareholders are being kept informed of the progress of drilling through a live video streaming set up. CMKM anticipates results from the exploration program will begin to be released over the next several weeks. In addition, another company called Global Prospecting Ventures of San Francsico has begun geophysical surveys of several claims in Fort a la Corne.
posted
Anyone have cmkm or cmkx website address? If so please post. Anyone seen this live streaming video??
Posts: 38 | Registered: Feb 2004
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CMKM Diamonds, Inc. Announces Progress on Drilling and Exploration Program Jump to first matched term
LAS VEGAS, Mar 18, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) announces exploration and drilling program proceeding as planned. The Company is pleased to announce that drilling on one of the Company's preselected priority targets has reached significant depth, as of the March 17, 2004 update from the drilling supervisor. The completion of our first drill hole is expected to finish today after reaching the target depth. The core samples will be prepared for transport and submitted for analyses at a testing facility nearby for mineral content. After completion of the first drill hole, the drill crew is scheduled to start another core sample on the Company's claims near Smeaton which is located in the northern region of Fort a la Corne area and have the highest probability of a successful target. Live video streaming will not be available due to the remote location, however other media may be provided on the corporate website as soon as next week.
Urban Casavant, President, of CMKM Diamonds, Inc. stated, "We would like to thank all the shareholders and investors for their patience and continued support. We are very excited with the progress we are achieving at this point. The Company has purchased its own drilling equipment, begun a drilling program and has successfully negotiated a definitive agreement to continue our aerial surveying in approx. 8 days. In addition, the Board of Directors has approved the purchase of an air pressure drill, which is capable of up to 4 times the work per day, compared to our current equipment, which will allow us to drill the Company's Green Lake claims simultaneously with the Fort a la Corne claims."
Goldak Airborne Surveys is expected to commence a tri-axial magnet gradient survey, as reported earlier, in approx. 8 days. This is the same Company and aerial survey that was conducted on claims owned by other successful operators in the Fort a la Corne area and produced outstanding known results. The results reflect the possibility of undiscovered bodies of kimberlite overlooked by previous aerial surveys conducted in the past on claims throughout this area.
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
I have had my sell order in for 2 days and it has not been filled at 0.0001 No loss just want to put my money other places. I am upset that it is selling at that price but my sell order will not fill. Bad sign I guess.
Posts: 28 | From: Hernando Beach FL USA | Registered: Feb 2004
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posted
I am sure this is not what you want to hear but, the order will fill pretty quick if there is a pop to .0002 or better.
I sold a couple of weeks ago at .0002 when it was up to .0003 and higher during the day.
So if you just want your money back. I would try a GTC sell at .0001 and wait for a .0002 pop.
I hope you do well. I have always been clear about my opinion. I DO NOT recommend this stock.
Up till now, someone could have done pretty well just taking the other side of my trades.
PAUL
quote:Originally posted by Dive Skipper: I have had my sell order in for 2 days and it has not been filled at 0.0001 No loss just want to put my money other places. I am upset that it is selling at that price but my sell order will not fill. Bad sign I guess.
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
I am looking to buy something, but my god, I just can't do this one . LAST CHANGE CMKX -0.00 -0.0001
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I bought some LBTT a few days ago at .026 , and just bought CLSI at .02 . Kicking my butt for selling RWNT at .025, but I was in at .018 and was dying to break even after watching it fall, plus I was traveling and had GTC sell in at .025 . There will be others, at least it wasn't a loser.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
If you are still kicking yourself. You can get back in at less than what you sold for right now.
PAUL
quote:Originally posted by will: I bought some LBTT a few days ago at .026 , and just bought CLSI at .02 . Kicking my butt for selling RWNT at .025, but I was in at .018 and was dying to break even after watching it fall, plus I was traveling and had GTC sell in at .025 . There will be others, at least it wasn't a loser.
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
I do not know but, I have thought MANY times that we should start our own trading system of VIRTUALstocks. Noone seems to get the certificates any way.
The problem I keep comming up with is liquidity! It would seem the solution puts you right back to where we find ourselves now. MM's making a market with all the problems that go along with it.
PAUL
quote:Originally posted by bigdaddy: I have a newbie question. Can you buy stocks directly from another person? If so how?
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
Tomorrow is the 22nd. Lets see if my friend knows anything. I told him that he is locked in on the 22nd. Do not a week later try the bull and say see I was right. 22nd up not the 23rd or 24th he said it would be the 22nd. I hope he is right. We will see. I got a case of beer on this one with him. Almost forgot. I told him not to buy 10,000 shares at .0004 and think that would count. For him to be right it has to go to .0002 on large share counts in the 100Ms. Thats our agreement.
[This message has been edited by Bart (edited March 21, 2004).]
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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posted
NOW THE ONLY DECISION IS WHAT KIND OF BEER. THIS STOCK REALLY PISSES ME OFF
quote:Originally posted by Bart: Tomorrow is the 22nd. Lets see if my friend knows anything. I told him that he is locked in on the 22nd. Do not a week later try the bull and say see I was right. 22nd up not the 23rd or 24th he said it would be the 22nd. I hope he is right. We will see. I got a case of beer on this one with him. Almost forgot. I told him not to buy 10,000 shares at .0004 and think that would count. For him to be right it has to go to .0002 on large share counts in the 100Ms. Thats our agreement.
[This message has been edited by Bart (edited March 21, 2004).]
Posts: 165 | From: EDINBURG, TEXAS USA | Registered: Feb 2004
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posted
If you hold a "certificate" You can sign the back and take"your price in "check/cash/???" and mail it in to company for a name change. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
A case of Bud. I will hold 10M shares that I got at .0001 until it goes up or just checks out of the hotel. I do agree with you that it does piss me off to. I thought when I saw that PR my friend had a shot but I should have know better. Maybe tom or next year but maybe one day. I'll drink a few of those bud's please.
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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posted
a theory of "VirtualStock" is illegal becauce any exchange of securitues must be through the SEC and registered SIPC/NASD.... i wondered that 2 as a newbie but that isnt a possibility... especially with OTC and pinks
Posts: 191 | From: Orange, CA | Registered: Jan 2004
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posted
I really with I would have never gotten in this lousy stock. Why did I fall for it.
Posts: 33 | From: Iowa | Registered: Feb 2004
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posted
Simply too funny....one dump truck, one car a tent and a scafold and some poor putz with ear muffs acting busy beside what could be any loud machine. Just when I think the day is lost to oppressive boredom, the Barney Fife of publicly held companies comes to the rescue. Just when I think this company can make me laugh no longer they come out with a video better suited for saturday night live than a mining company's website. I actually think I seperated a rib with this one
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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posted
Raging Bull's message board has three posts harolding the wonders and potential of CMKM? Shocking!!! You know what. Show me diamonds, I don't want to see video of the first three feet of the first hole drilled, I do not want to hear what could be at the bottom of the hole. Show me diamonds. Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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quote:Originally posted by DiQuiRiesco: Raging Bull's message board has three posts harolding the wonders and potential of CMKM? Shocking!!! You know what. Show me diamonds, I don't want to see video of the first three feet of the first hole drilled, I do not want to hear what could be at the bottom of the hole. Show me diamonds.
They relased a PR saying they have a drilling video on the web site. Nobody wants to pay more than .0001. It went to .0002 for some time last month when they dindt start drilling.
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
And since I'm at it...something is not right about the first picture that shows the CMKX logo of the drilling (supposed to be taken from the drilling location) with "Las Vegas Nevada". When you read below, the text says:
(...)Exploration is being aggressively pursued within the Fort á la Corne area in central Saskatchewan(...)
Las Vegas is very far from Saskatchewan...well...I was told in my geography classes :-)
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