1-When you say the kimberlite is the thickest in the region, what do you mean by region? Are you talking about the Smeaton area or does this also include the DB and SG kimberlites?
2-Does it also correlate that the thicker the kimberlite, the higher the quantity of diamonds?
3-Isn't it true that a more accurate measure of kimberlite/diamonds is not the thickness of the kimberlite but rather #of carats/kg of kimberlite. And if that measurement is high, then the thinkness of kimberlite would also be meaningful?
Re: kimberlite thickness « Reply #1 on: 05/07/2004 at 14:56:03 » Melvin O'Neil
yes to all the above -------------------------------------- May God Bless All.
posted
In the region where they are drilling and own land, 70% of Kimberlines have diamonds. So even though I agree that most mining comes up worthless, in this area the percentage is very high. Also, the arial equipment to find Kimberlines is constantly improving and the figures will only go up. From my understanding, a company would not send out so many samples and drill new wholes 100feet away if they didn't know from the samples that they have diamonds. It would be a waist of money. I don't think its realistic to look at this as a $10 stock. I would be plenty happy with .1 in 2005 but realisticly I look for .01-.03 this year if everything falls into play. Now if qbid reaches $4 with their current o/s count then that would open up an all new world for pennies to follow.
That is my opinion, take it or leave it for what its worth. Right now, only .0001-.0002 lol
posted
I wonder how many shares we have accumulated amoung us and also the people on the Raging Bull board. I have 14 million. It would be interesting to add up how many all of us together own. And that brings up the interesting point made by Trading Wizard. I had forgotten about it, but the MM's can and do manipulate the price of stocks and make money by keeping the price looowww. But if you put a sell order on your stock that is too high for them, then they can't use you shares to manipulate the stock. Trading Wizard suggests $2 and correctly says that if you want to, you can always raise the sell price. However, if this stock all of a sudden shot upward, however remote that chace is, then your stock could be sold before you could change the sell price. A previous post stated that this stock could be worth $16.50 So even though it may sound silly, I would put the sell order in at $20, in fact I'm going to do that as soon as I finish posting this. If between us and Raging Bull we have enough shares, then it could be that it would mess up the MM's and the stock might start climbing. Maybe some one here that is also a member of the Raging Bull board could also suggest this there. I have tried a couple of times to join it, but it says to send them my E-mail address and it gives a site to send it to, but I have never been able to get into the site and when I ask for further directions I don't get a reply. But whatever, if we can tie up enough stock, it might start climbing. PS. Just for the newcomers, don't put all your money into this stock, if it goes up, thats good, but there is a chance that this company is a scam, so keep that in mind. Still for a few hundred dollars, you can buy a bunch of stock, and if it takes off you could make many many hundreds of dollars.
IP: Logged |
Urban Casavant, founder and Chairman of the Board of CMKM is a native of the Prince Albert (Canada) area and has been involved in the precious stone and metals industry for over 17 years presenting a substantial advantage over other diamond exploration companies.
With local knowledge and months of research of geological /government reports of the Fort a la Corne area located in central Saskatchewan, Canada, Urban set forth to stake mineral claims in the hundreds of thousands of acres, most contiguously and adjacent to known diamondiferous kimberlite bodies owned and operated by other mining companies, prior to forming CMKM Diamonds (formerly: Casavant Mining Kimberlite International).
CMKM management believes the company’s future is bright as diamonds. The Company now has over 1,000,000 (one million) acres claimed in Saskatchewan which include Fort a la Corne claims, Green Lake claims and zinc claims that include the original George Lake Deposit (also known as Brakewell Lake) with options for hundreds of thousands more acres. CMKM Diamonds, Inc., recently initiated a drill program, with confirmed results of one of the thickest kimberlite bodies found to date in the Fort a la Corne area. With ongoing drilling on additional targets scheduled for diamond core drilling in the next few months, CMKM has purchased additional equipment and employed labor forces to allow year round drilling. As aerial and ground surveys determine the probability of targets, the company is prepared to purchase yet even more equipment and labor to meet the demand of harvest. http://www.racingwest.com/news/story.php3/8679/index.htm ______________________________________ May God Bless All.
quote:Originally posted by STAR GAZER: I had forgotten about it, but the MM's can and do manipulate the price of stocks and make money by keeping the price looowww. But if you put a sell order on your stock that is too high for them, then they can't use you shares to manipulate the stock. Trading Wizard suggests $2
I would imagine this would work - anyone know of an instance that this worked out?
posted
CMKX First Two Holes Drilled on Smeaton Property 5/5/04 United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. are pleased to announce that the first two holes drilled on their Smeaton, Saskatchewan area property have encountered significant intersections of Kimberlite. Hole number one entered Kimberlite at a depth of 410 feet and continued in Kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort la Corne area to date. Hole number two entered Kimberlite at a depth of 394 feet and stayed in Kimberlite to 640 feet for a total thickness of 246 feet. Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis.
quote:PS. Just for the newcomers, don't put all your money into this stock, if it goes up, thats good, but there is a chance that this company is a scam, so keep that in mind. Still for a few hundred dollars, you can buy a bunch of stock, and if it takes off you could make many many hundreds of dollars.
Now that's a fair and balanced statement. I wish more would post in that manner, I guess myself included. Tend to get a little heated up at times about this stock. Regarding the thought of everyone here putting high sells in, it was tried last fall here and quite a few participated. One problem we ran into was some brokerage houses wouldn't accept the orders because the market makers rejected them as being unrealistic. If I remember correctly, they were rejected if they were over $1.00.
posted
Can you find me in writing that if I put my sell order high they can't short it. I have never seen this in clear print and it seems more like rummer.
IP: Logged |
posted
not bashing here, i am a shareholder, but is anyone else conserned that their headquarters are in los vegas. I mean it fits with us takign a gamble with them, but just makes me a little nervous. Anyone have any takes on this
IP: Logged |
posted
I have sold at .0002 in the last few months. It took it popping to .0003 to do it.
I have bought at .0001 recently. So we will see if I am able to sell at .0002 if it pops again.
I think it will.
When I was looking at the charts a while back it looked like there were several opportunitis in the last year to sell at .0002.
PAUL
quote:Originally posted by dardadog: WHEN IS THE LAST TIME ANYONE WAS ABLE TO BUY THIS AT 0.0001 AND SELL IT AT 0.0002? REALLY? IF THAT WERE THE CASE, I WOULD BE PLAYING THIS THING CONSTANTLY FOR THE DOUBLE. IT AIN'T HAPPENIN' FOLKS. ANYONE SAYS IT IS, IS LYIN'.
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
quote:Originally posted by emunahstock: In the region where they are drilling and own land, 70% of Kimberlines have diamonds. So even though I agree that most mining comes up worthless, in this area the percentage is very high. Also, the arial equipment to find Kimberlines ...
Okay, I know this might seem a bit pedantic, but having read your posts on the CMKX site and here, I thought that you would eventually spell it right. It is kimberliTe.
posted
Upside, you were right. I went to my Ameritrade site and they cancelled my order to sell at $20. I wqill try again with $.99 It seems to me that even $.99 would stop the MM's. Thanks for the info.
IP: Logged |
quote:Originally posted by STAR GAZER: Upside, you were right. I went to my Ameritrade site and they cancelled my order to sell at $20. I wqill try again with $.99 It seems to me that even $.99 would stop the MM's. Thanks for the info.
I have GTC orders in for $.50, $1, and $2... they've been there for weeks
posted
Im wanting to buy this stock as a recreational buy. I was wanting to hit it at .0001 but now its hanging at .0002. should i go ahead and buy or wait and see if it will drop back to .0001? any thoughts?
IP: Logged |
posted
If you buy at .0002 then someone else will post that they to have sold at .0002 as well and that will be the....what 3rd this month? LOL
quote:Originally posted by flashovertx: Im wanting to buy this stock as a recreational buy. I was wanting to hit it at .0001 but now its hanging at .0002. should i go ahead and buy or wait and see if it will drop back to .0001? any thoughts?
posted
I am new to all this. I wanted to get into this for .0001 but my order didn't fill friday and hasn't today. I thought I'd throw 50 at it and see what happened. Too bad we can't flip it more. That would be fun. T
IP: Logged |
posted
In my opinion, this stock is impossible to flip. As I've said before, I've had a gtc sell order in at .0002 for almost four months now and it hasn't filled yet. Good luck if you try it though!
IP: Logged |
Hole #4 has been competed. went down to a depth of 700ft. Hit Kimberlite at a depth 0f 400ft and ran out of it at a depth of 700ft= 300ft of kimberlite.
Further up-dates will come as they happen )
Thanks Melvin
P.S. WHAT BROKER ARE YOU BOYS USING? I BOUGHT ON FRIDAY AT .0001 AND I SOLD IN THE LAST FEW MONTHS. GRANTED ITS NOT EASY TO SELL BUT IT IS POSSIBLE AND CERTAINLY WILL BE WHEN THE NEWS COMES OUT.
P.P.S. For whatever my opinion is worth, right now .0001-.0002 lol
posted
UPSIDE & Others True, a Limit can't be placed over .99 and most of us don't care, but the real problem with trading is the certificate issue which a lot of brokers can't put up with. This was supposed to be fixed with the symbol change CMKI to CMKM and wasn't, then another change to CMKX don't believe a reason was stated on that one. This stock can't trade (except by some insiders) if a hard certificate is required on every trade. Imagine mailing stock certificates each day for volume generated since last September. The postage alone would consume millions of dollars. VAN
IP: Logged |
posted
ACTUALLY Calling on my previous experience as a printer, most stock certificates are 8"x11" printed on 60# coverstock. 4bil / 1000 = 4m x 60 = 240m# (at this point I doubt mailing is an option)/45000#trucks=5333 trucks per day. Traveling to Colorado from all over US. VAN Sorry it's been a number of years since I calcualted paper weights I used 60# /1000 od 8x11 actually you get 8 out of a 23x35 so Divide by 8=666 trucks per day
[This message has been edited by VNGNTN1 (edited May 10, 2004).]
[This message has been edited by VNGNTN1 (edited May 10, 2004).]
quote:UPSIDE & Others True, a Limit can't be placed over .99 and most of us don't care, but the real problem with trading is the certificate issue which a lot of brokers can't put up with. This was supposed to be fixed with the symbol change CMKI to CMKM and wasn't, then another change to CMKX don't believe a reason was stated on that one. This stock can't trade (except by some insiders) if a hard certificate is required on every trade. Imagine mailing stock certificates each day for volume generated since last September. The postage alone would consume millions of dollars. VAN
I thought that did get corrected with the last symbol change. I know for a while Ameritrade wasn't accepting buy orders because CMKM was certificate only but I thought they were now. Could be wrong, I havn't tried to buy any recently. Boy, imagine if all of those certs. did have to be mailed. It would sure solve the problems of the U.S. postal service in a hurry
posted
WHICH BRINGS TO MIND A certificate has at least two colours of ink and would sell for about$250/k. Assuming 500b O/S / 1000=500,000,000 x 250= 1.25b$ of course they probably get a volume discount. VAN
[This message has been edited by VNGNTN1 (edited May 10, 2004).]
posted
TO ALL NEWBIES & those INVESTING WITH EMOTION PLEASE do not take my last few posts as bashing all the "positive PR releases" on the mining aspects of CMKX operations. VAN
[This message has been edited by VNGNTN1 (edited May 10, 2004).]
posted
I have trading direct and they quote it at .0000 what? I also quoted it at Yahoo. Its been jumping between .0001 and .0002 all day on yahoo. I should probably get level 2 service or something.
posted
I do have CMKX and this is what we know. They have Kimberlites on much of their claims. About 70% of the kimberlites in the region have diamonds. I think they do have diamonds. If the claims value is 40-80B as some specualate lets see what the stock price would be. We will use $40 Billion as the value of the diamonds. _________OK now the math_____________________ 500,000,000,000 shares thought to be outstanding. That would value the shares around .08 each. BUT they don't own all the rights to the diamonds. They have sold percentages of the claims. I have been thinking they only own 25%-it may be more than that but using 25% of the .08 brings us to .02. --------------More Math---------------------- We need to factor in the cost of mining the diamonds. I have no clue but will use 25% because it seems reasonable. That would bring us to a value of around .015 a share which would be a significant gain from .0001. --------------------------------------------- There is possible good news in all this. The share count may be much lower if they have been buying back shares. The claims may be worth more than $40B.
The flip side is there may be more than 500B shares out. The claims may be worth less or just plain worthless.
_____________________________________________ I like this stock as a fantasy stock. I like to think about it going to .10 and letting me play my guitar and visit friends and family more often instead of working. But I don't like to see posts about this going in the dollar range. I wish! but I so seriously doubt it and don't want anyone putting money they can't afford to lose in this long shot. Best of luck to all of us. I hope the news is awesome, the share count low and buy back of shares done. It would be wonderful. DD-IMO-Debi --------------------------------------------- PS-I welcome replies about the math, assumptions used, etc.
posted
OK Nobody called me on my logical onefacet explanation of costs due to printing. This excersize was to show how one missed point can really affect the outcome of a stock. The truth is no one here is really onsite/in theknow And so everyone guesses alot. Although the cost of printing share certificates is pretty high there can be any denomination placed on the paper ie:1,10, 100, 1000,10000, 1OOOOOO VAN
IP: Logged |
posted
Bo14172 you're right. The stock spent most of the day in the .0002 range with just short periods at .0001 and closed at .0001 on a tiny trade. Just a few days ago, when it would get up to .0002 it would only stay there for a short time and spent most of the day at .0001 or ALL the day at .0001 It could be building a base at .0002 Maybe someday soon it will start poking its head up to .0003 and then even higher. PS. Ameritrade cancelled my sell order at .99 within minutes of my putting it in. I then put in a sell order at .099 (what would still be a hugh gain) and that one they didn't cancel.
IP: Logged |
posted
According to the Raging Bull board, Alphatrade showed a trade going through at .0002, 7 minutes after the market closed. With the stocks pick up in volumne and increase in price, it could mean that we are getting close to a news release that will say if any diamonds have been found. (With the price increase in the stock, that sounds like it would be: yes we have found diamonds) Getting away from diamonds for a minute, CXMKX also has zinc mining properties and a while ago CMKX said that it would give shareholders shares in a spin off company that would hold the rights to those properties. Has anybody heard anything more about that on any of the other boards?
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
