Allstocks.com's Bulletin Board
Topic Closed  Topic Closed
Post New Topic  New Poll  
Topic Closed  Topic Closed
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX .0001 good holding stock get in while its low (Page 17)

 - UBBFriend: Email this page to someone!   This topic comprises 73 pages: 1  2  3  ...  14  15  16  17  18  19  20  ...  71  72  73   
Author Topic: CMKX .0001 good holding stock get in while its low
Penny-Trader
Member


Rate Member
Icon 1 posted      Profile for Penny-Trader     Send New Private Message       Edit/Delete Post 
i have had an order in to buy for over a week now at .0001 and it is not filling. is there a trick to making this happen?

Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
Believers: 2
Non's: 5

Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 12 posted      Profile for TradingWizard         Edit/Delete Post 
Why not! I am in for believer....
Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
WWJD-thru-me
Member


Member Rated:
4
Icon 1 posted      Profile for WWJD-thru-me     Send New Private Message       Edit/Delete Post 
Upside: I am a believer that they will have diamonds and a non believer in what the company has shown us for management so far. If they do manage to pull off some kind of financing coup that benfits the shareholders by reducing the number of outstanding shares and they become a reporting company. I will be a big believer. GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Bo14172
Member


Rate Member
Icon 1 posted      Profile for Bo14172     Send New Private Message       Edit/Delete Post 
Ridiculous to respond to high school drop out games, but for the new investors...

4 out of 5 of those "alleged" non believers are QBID investors. QBID has lost 63% of it's value in the past 30 days. They are scared. It is true QBID has risen from the same level as CKMX from .0001 in the beginning of February, but many (likely those posintg) got in at higher levels. Any threat, such as CMKX will result further selloff of QBID, thus the meaningless posts you see.

1.9 million acres of land has value. 1.9 million acres of land with diamonds within large kimberlite formations has value. From the first series of drillings, hundreds of feet of kimberlite were found in 2 holes. Positive findings project a value on the diamonds found and mined in that area. It will also conjure initial estimates of the value of the 1.9 million acres.

Some Yes or No questions for the scared QBID'ers:

Was QBID ever at .0001?
Was QBID ever at .0001 and .0002 for long periods of time? (hint: pull up a 2 year chart)
Were people bashing the stock for all or any part of those 2 years?
Is QBID still not a network on cable or satellite?
Has QBID still earned no revenue from any endeavour?

The answer of course is yes to all. The impetus of the last 3 months has made some people rich, but any who invested in QBID this past month are hurting today. Unlike you, I hope your investment in QBID does well for you.

To bash a company at .0001 with good potential for great gains makes little sense. Fear is your obvious motive, but it shouldn't be. Profit takers from the CMKX ride will flow toward QBID and many other investments.

My best to all. Bo

[This message has been edited by Bo14172 (edited May 13, 2004).]

[This message has been edited by Bo14172 (edited May 13, 2004).]


Posts: 256 | From: Altoona, Pa, USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
roger7485
Member


Rate Member
Icon 1 posted      Profile for roger7485     Send New Private Message       Edit/Delete Post 
This stock is not qbid. QBID had a horrendous float, CMKX has the king of all floats. When 8 billion shares does not move a stock...what will? Just because I dont believe that this company is for real isnt a bash. Like I said, if this thing can ever get to .0003/.0004 there will be panic buying unlike any that has ever been seen. This is probably the most widely known penny stock. But everything about this "company" smells like a scam. The have issued shares in order to: advertise a diamond company on a funny car, purchase an art collection. Why arent they using money to dig more holes? Why are they so concerned with their PPS? The original stock car design had a speculative share price of .001 on the side. That honestly took the cake. Maybe Coke should start printing $60.00 pps on the side of their cans.

Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Bo14172
Member


Rate Member
Icon 1 posted      Profile for Bo14172     Send New Private Message       Edit/Delete Post 
It comes down to this:

If there are diamonds found on this site, the value of the 1.9 million acres, the diamonds themselves and the future will be strongly reflected. And, much like QBID when it emerged from .0001, CMKX is in business and will never look back.


Posts: 256 | From: Altoona, Pa, USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
originally posted by Bo14172:
quote:
Some Yes or No questions for the scared QBID'ers:

Was QBID ever at .0001?
Was QBID ever at .0001 and .0002 for long periods of time? (hint: pull up a 2 year chart)
Were people bashing the stock for all or any part of those 2 years?
Is QBID still not a network on cable or satellite?
Has QBID still earned no revenue from any endeavour?


Yes, Yes, Yes, Yes, and Yes.

Next question: Is Upside invested in QBID?
No. Read the threads, you won't find me on them.

Last question: In our high school drop out game, can I assume you are a believer?


Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Highwaychild
Member


Icon 1 posted      Profile for Highwaychild     Send New Private Message       Edit/Delete Post 
probably why he said 4 out of 5.

[This message has been edited by highwaychild (edited May 13, 2004).]


Posts: 2634 | From: The highway | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Bo14172
Member


Rate Member
Icon 1 posted      Profile for Bo14172     Send New Private Message       Edit/Delete Post 
Upside...

If your many posts found on the "QBID are the rats leaving the ship" thread don't count, then you'd be right. Bashing Bart is sport for a few, but in the case for QBID when he started the thread, he has been right at least at the close of this trading day. He's unorthodox, but more times than not he's been amazingly on the money.

Like you, I hold shares in CMKX.


Posts: 256 | From: Altoona, Pa, USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
quote:
Upside...
If your many posts found on the "QBID are the rats leaving the ship" thread don't count, then you'd be right. Bashing Bart is sport for a few, but in the case for QBID when he started the thread, he has been right at least at the close of this trading day. He's unorthodox, but more times than not he's been amazingly on the money.

Like you, I hold shares in CMKX.


In relation to this conversation, no, they don't count. You're right, that was sport for a few, myself and two others who finally took someone to task over some things he's posted. He had it coming. Read the thread. No where do I mention owning QBID, and if you check the REAL threads you will not find me there.


Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
joesturbo
Member


Icon 1 posted      Profile for joesturbo         Edit/Delete Post 
Back to the stock... It is as simple as this. If they find diamonds worth digging up the stock will sky rocket. If not then we will be where we are today. It is good to know that this stock is well known as it will go crazy if and when it starts to move.

I only have a hundred or so bux in this stock - if it never goes anywhere oh well.


Posts: 86 | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
pb1973
Member


Rate Member
Icon 10 posted      Profile for pb1973     Send New Private Message       Edit/Delete Post 
in case any of you did not see this today

Melvin,

Can you please confirm the following conversation that is copied from a Raging Bull post:


Melvin's latest phone call from another board:

This just in: I hung up from Melvin 5 minutes ago. He returned my call from about an hour ago. I called to ask him why CMKX was no longer sponsoring the Chicago race. He ask me where did I get my information stating that they were sponsoring the race in the first place since CMKX had not issued a PR stating such. I told him that I picked up the info from a message board. He said, "Well there's your answer". "Unless you hear it from us, it's still just speculation".

I then ask Melvin about the initial reaction to the kimberlite samples. He said, "Let me put it to you this way, were not waiting on the samples to come back, were waiting to start counting the diamonds!" I ask him to elaborate. He continued: "When the samples first came out of the earth, the eyes of the geologist lit up like a Christmas Tree." He told me to be patient and wait on a PR, it want be long.

That was the entire conversation. Take it however you like, I'm just the messenger of the messenger.


Posts: 20 | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 12 posted      Profile for TradingWizard         Edit/Delete Post 
All we need right now is lots of patients....it is not that easy to dig in the hard ground, unless they have superpower equipment. Even if they find these diamonds, it will be a couple of years until they start producing them, or more....So think long term investment if you want be really rich, and short term if you want to be just rich. Good luck (just keeping CMKX on the spotlight - I mean top of the page).
Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
flashovertx
Member


Rate Member
Icon 1 posted      Profile for flashovertx         Edit/Delete Post 
I have a question.....Sorry..I am new to the game.
I have been trying to buy this stock for 3 days. I am using Lowtrades....I have had an open order for 250000 at .0001. Why is this transaction not going through?

firefighter


Posts: 86 | From: Dallas, TX | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
pb1973
Member


Rate Member
Icon 7 posted      Profile for pb1973     Send New Private Message       Edit/Delete Post 
mine went through today at .0001
Posts: 20 | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 1 posted      Profile for TradingWizard         Edit/Delete Post 
Hey firefighter, may be you need to buy more shares...just speaking from experience, smaller orders don't seem to go that smoothly. Good luck....
Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
STAR GAZER
Member


Rate Member
Icon 1 posted      Profile for STAR GAZER     Send New Private Message       Edit/Delete Post 
I've got 14 million shares. bought 7mil and then 7 mil. Took me months both times and that was when it was dead in the water at .0001 with no .0002 trades, so it may take you a while to buy this stock. Am I a basher or a beleiver? I have followed this stock for years. When I first started looking
into it, just about everything that I could find out about Mr. Casavant indicated that he
was a shyster and not to be trusted. However,
the more I read about the company the more I thought that there was a possibility that it was for real: hugh land position in the best diamond bearing area of the entire world plus
other companies put their money where there mouth is and formed a joint venture with him.
Keeping in mind that this could be an elaborate fraud, I bought my shares, because if it is for real, I can retire on what I'll make, if not, and it folds, well I didn't bet the farm, but 95 MILLION SHARES, whoa, someone either has a lot of loose change in their pocket or has it rattling around in their head. So as to am I a basher or beleiver, I will have to be my normal forceful self and say that I am unequivably a fense sitter.

Posts: 580 | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
flashovertx
Member


Rate Member
Icon 1 posted      Profile for flashovertx         Edit/Delete Post 
Thanks for the info..Yes, I will try and buy more shares. Like everyone is saying with this pick is that even for a little investment, there is HUGE potential here I believe....
Posts: 86 | From: Dallas, TX | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
Bart
Member


Rate Member
Icon 10 posted      Profile for Bart     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by flashovertx:
Thanks for the info..Yes, I will try and buy more shares. Like everyone is saying with this pick is that even for a little investment, there is HUGE potential here I believe....

BINGO. 007


Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
WWJD-thru-me
Member


Member Rated:
4
Icon 1 posted      Profile for WWJD-thru-me     Send New Private Message       Edit/Delete Post 
I found this on the Raging BS site at Niz's BBclub: CMKX has a couple of bids now at .0001 expect more buying to occur tommorrow and next week, The company is obvious in a quiet period, actually I confirmed that with a discussion with Melvin from CMKX today, so you gotta figure a couple of things 1. Share retirement 2. Merger deal 3. Substantial news about Diamond fiind which they are waiting for the full details of the core sampling. Soon we will know and those who were patient and bought at .0001 and who hold their shares are going to be rewarded big time! The mm STGI moved to .0005 ask and SCHB is at .0003 The mm's are onto this news and will try to get shares cheap so expect a few shakes Good luck in your trading ventues and make sure you have a good chunk of CMKX as the markets are getting hammered lately and CMKX will fly soon
---------------------------------------------
Well, this may be baloney, but I am going to hold for news. GLTA-Debi


Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
quote:
The company is obvious in a quiet period, actually I confirmed that with a discussion with Melvin from CMKX today, so you gotta figure a couple of things 1. Share retirement 2. Merger deal 3. Substantial news about Diamond fiind which they are waiting for the full details of the core sampling.

Or it could be: 1. No diamonds 2. Selling everything off right down to the fax machine 3. Absconding with all of the company funds. 4. Heading abroad.


Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
WWJD-thru-me
Member


Member Rated:
4
Icon 1 posted      Profile for WWJD-thru-me     Send New Private Message       Edit/Delete Post 
Upside wrote: Or it could be: 1. No diamonds 2. Selling everything off right down to the fax machine 3. Absconding with all of the company funds. 4. Heading abroad.
---------------------------------------------
Do you seriously think that UCAD and Debeers are knocking themselves out to get land and claims in the Fort de la Corne area because the unbelievably large deposits of kimberlite have no diamonds? Do you think UCAD purchased a percentage of CMKX's claims because they didn't have any hope of finding diamonds and they thought they could gift CMKX the moeny to help them pack up the rest of the shareholder funds as they are heading abroad?
---------------------------------------------
This company and or stock may not make anyone any money but I do believe they own the rights to mineral claims on 1.9 million acres of the most coveted kimberlite rich land in Canada. The kimberlite in that area is loaded with gem quality diamonds I think the odds are 1 out of 33 for diamonds to be found in the kimberlite pipes in the area. Out of the 1.9 million acres I cannot even guess how many kimberlite pipes there are. If one out of 33 is diamond rich. This should be good.
---------------------------------------------
It was easy to buy 1M shares at a time. As far as selling goes when a bid is posted you can sell. The bid is rarely posted. When the ask is .0002 the bid has been not given or it has been .0001. Not given would get you between .00002-.00005 I think. The bid did post at .0002 in the last few months when the ask was .0003 and some did sell at .0002 and some were happy to get out at .0001.
---------------------------------------------
I am waiting for the news of diamonds and the share count. If it is good this should at least hit .01. With almost 5M shares that would be $50,000 from a $500 investment. I think it is worth the price of admission. If it goes to zero I will deduct it from my taxes and move on. This is what I am doing -it is not a recommendation to anyone but if you understand how diamonds are found in kimberlite and this particular area in Canada, you may agree the reward out weighs the risk. I am in. DD-IMO-GLTA-Debi

Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Bart
Member


Rate Member
Icon 4 posted      Profile for Bart     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Upside:
In relation to this conversation, no, they don't count. You're right, that was sport for a few, myself and two others who finally took someone to task over some things he's posted. He had it coming. Read the thread. No where do I mention owning QBID, and if you check the REAL threads you will not find me there.


UPSIDE: Please come back to the QBID thread where I am at. Read my last statement that I put out tonight. I think you might find it very interesting. Waiting for you.


Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
quote:
Upside wrote: Or it could be: 1. No diamonds 2. Selling everything off right down to the fax machine 3. Absconding with all of the company funds. 4. Heading abroad.
---------------------------------------------
Do you seriously think that UCAD and Debeers are knocking themselves out to get land and claims in the Fort de la Corne area because the unbelievably large deposits of kimberlite have no diamonds? Do you think UCAD purchased a percentage of CMKX's claims because they didn't have any hope of finding diamonds and they thought they could gift CMKX the moeny to help them pack up the rest of the shareholder funds as they are heading abroad?
---------------------------------------------
This company and or stock may not make anyone any money but I do believe they own the rights to mineral claims on 1.9 million acres of the most coveted kimberlite rich land in Canada. The kimberlite in that area is loaded with gem quality diamonds I think the odds are 1 out of 33 for diamonds to be found in the kimberlite pipes in the area. Out of the 1.9 million acres I cannot even guess how many kimberlite pipes there are. If one out of 33 is diamond rich. This should be good.
---------------------------------------------
It was easy to buy 1M shares at a time. As far as selling goes when a bid is posted you can sell. The bid is rarely posted. When the ask is .0002 the bid has been not given or it has been .0001. Not given would get you between .00002-.00005 I think. The bid did post at .0002 in the last few months when the ask was .0003 and some did sell at .0002 and some were happy to get out at .0001.
---------------------------------------------
I am waiting for the news of diamonds and the share count. If it is good this should at least hit .01. With almost 5M shares that would be $50,000 from a $500 investment. I think it is worth the price of admission. If it goes to zero I will deduct it from my taxes and move on. This is what I am doing -it is not a recommendation to anyone but if you understand how diamonds are found in kimberlite and this particular area in Canada, you may agree the reward out weighs the risk. I am in. DD-IMO-GLTA-Debi

Debi, first thing, I respect you, your thoughts and opinions, and what you are doing here. There's not a whole lot of people left who are willing to put time and effort into researching a stock and trying to help people out but you are one of them. Secondly, my last post was intended as somewhat of a joke. Though I know it was out of line, there is a grain of truth in it, at least in my opinion. The thing is, have you noticed how many new investors there are here who will latch onto any stock that's cheap? This thread has caused many people to throw their money away (my opinion) and I am just trying to show the opposing viewpoint. If something happens with this stock and everyone strikes it rich (myself included) I will be the first one to admit I was wrong but until this company proves that they are real and they actually show they have the interests of the shareholders at heart, I will remain in the non-believers group.


Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
noahltl
New Member


Rate Member
Icon 1 posted      Profile for noahltl     Send New Private Message       Edit/Delete Post 
Just found this at another board. Don't have any idea if it is true or not.

This is from the RB board..someones supposed conversation with Melvin today...this is not mine.

From: "Alvin" <aholt532003@yahoo.com> Add to Address Book
Date: Thu, 13 May 2004 17:24:17 -0000
Subject: [CMKXtreme] MELVIN SAYS WE HAVE DIAMONDS




By: swwstn
13 May 2004, 01:21 PM EDT
Msg. 228169 of 228170
Jump to msg. #

Melvin's latest phone call from another board:

This just in: I hung up from Melvin 5 minutes ago. He returned my
call from about an hour ago. I called to ask him why CMKX was no
longer sponsoring the Chicago race. He ask me where did I get my
information stating that they were sponsoring the race in the first
place since CMKX had not issued a PR stating such. I told him that I
picked up the info from a message board. He said, "Well there's your
answer". "Unless you hear it from us, it's still just speculation".

I then ask Melvin about the initial reaction to the kimberlite
samples. He said, "Let me put it to you this way, were not waiting
on the samples to come back, were waiting to start counting the
diamonds!" I ask him to elaborate. He continued: "When the samples
first came out of the earth, the eyes of the geologist lit up like a
Christmas Tree." He told me to be patient and wait on a PR, it want
be long.


Posts: 2 | From: Noblesville, IN | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
rockinit
Member


Rate Member
Icon 14 posted      Profile for rockinit     Send New Private Message       Edit/Delete Post 
Just wanted to say..

In the past CMKX didn't have the funding it is getting now from many investors but now that they do, I feel they have a better chance at making this company work. It would be nice however, if someone could go up and see what is going on. I bought CMKM before the split and I got my extra free shares with etrade.


Posts: 10 | From: va beach, va | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
rockinit
Member


Rate Member
Icon 1 posted      Profile for rockinit     Send New Private Message       Edit/Delete Post 
Today is my only son's 18th birthday. Big Day here!! He had heart surgery when he was born so it has been a hard road for us, but he is doing well now. I would love to be able to buy him a nice car, house, etc. that he never got to have while I was out of work taking care of him with profit from CMKX.

Go Extreme Diamonds!!!!


Posts: 10 | From: va beach, va | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
brandwilliams
Member


Rate Member
Icon 1 posted      Profile for brandwilliams     Send New Private Message       Edit/Delete Post 
non-believer

My main question what broker are you using to put market orders in for pinkies or otcbb stocks.

Brandon


Posts: 390 | From: friendship, tn USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
emunahstock
Member


Rate Member
Icon 1 posted      Profile for emunahstock     Send New Private Message       Edit/Delete Post 
Melvin confermed that message on RB to be true. I don't think Melvin is a lier, they have found diamonds. Its probably a very complicated situation with 3 companies involved and lots of other interests that they are in quiet period.

Upside, I can understand your position at this time but keep a lookout for the PR so you can at least get in before it runs IF the news is what I Think it will be. I think we know more about this company then others at .0001-.0008 range. Plus all the higher priced stocks are all in red lately so its funny that the riskier stocks seem to be more solid for gains then normal.


Posts: 973 | From: usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
FurrySound
Member


Member Rated:
4
Icon 14 posted      Profile for FurrySound     Send New Private Message       Edit/Delete Post 
I'm using www.lowtrades.com $5 per trade on CMKX, only down side is 500k is the max size order you can buy, but you can sell any amount.
Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
WWJD-thru-me
Member


Member Rated:
4
Icon 1 posted      Profile for WWJD-thru-me     Send New Private Message       Edit/Delete Post 
Upside wrote: Debi, first thing, I respect you, your thoughts and opinions, and what you are doing here. There's not a whole lot of people left who are willing to put time and effort into researching a stock and trying to help people out but you are one of them. Secondly, my last post was intended as somewhat of a joke. Though I know it was out of line, there is a grain of truth in it, at least in my opinion. The thing is, have you noticed how many new investors there are here who will latch onto any stock that's cheap? This thread has caused many people to throw their money away (my opinion) and I am just trying to show the opposing viewpoint. If something happens with this stock and everyone strikes it rich (myself included) I will be the first one to admit I was wrong but until this company proves that they are real and they actually show they have the interests of the shareholders at heart, I will remain in the non-believers group.
---------------------------------------------
Upside, first of all thanks for the kind words. I do notice that a lot of people buy the stocks that are cheap and most of them are not worth the paper they are printed on. This may be one of them and you are right to point that out. For people who are willing to take the risk of losing their whole investment this could be a great one. I think they do have diamonds. I am willing to lose $500 for the chance to gain $50,000. If I thought that I had no chance of any gain I wouldn't waste my time posting. But I am expecting news within the next 2 weeks or so and expect it to be good.
IMO-DD-GLTA-Debi
---------------------------------------------
PS--If anyone wants to sell at .0001 there is a bid posted right now and you should be able to sell at that price.

Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 12 posted      Profile for TradingWizard         Edit/Delete Post 
Just keeping CMKX on the top!

This is not my info (hope is not copyrighted)


Stages in Diamond Exploration


Target :
Primary diamond deposits: kimberlites (or lamproites, much less common)

Preliminary stage - few weeks
Area selection: Diamond-bearing kimberlites tend to be located on Archean cratons, unaffected by any Major tectonic event or granitisation for at least 2,5 billion years. Extensional fracturing, extensions of oceanic transform faults, hotspot tracks, cover of the craton by horizontal sedimentary layers can all be favourable, as is limited previous exploration activity for diamonds.

Stage 1 - 6 to 12 months
Regional survey, using airborne geophysics or regional indicator mineral sampling. Purpose is to find in large cratonic areas, covering several 10,000 square km, magnetic anomalies or indicator mineral trails that may lead to kimberlites. Initially a kimberlite province might be detected of say 30 by 30 km in size.

Stage 2 - 1 to 2 years (depending on number of targets found)
Detailed ground follow-up of magnetic anomalies and indicator mineral trails by ground magnetics, closely spaced indicator mineral sampling, drilling and trenching, in view of discovering the individual kimberlite pipes in the kimberlite province.

Stage 3 - 3 months
After the discovery of a kimberlite pipe, initial samples are sent for microdiamond content and indicator mineral composition to assess possible diamond content and then study of the size distribution of the microdiamonds and extrapolate toward the grade of commercial-sized diamonds.

Stage 4 - 6 months
If microdiamond results are promising, bulk testing of the kimberlites is undertaken to assess the grade of the commercial-sized diamonds and their average value.

Stage 5 - 3 months
If average value content seems better than US$ 40/tonne and near-surface tonnages exceed several million tonnes, start pre-feasibility study, with more drilling, delineation drilling, geotechnical drilling and more bulk sampling to firm up tonnages, grade and value (resources) estimates.

Stage 6 - 6 months
Full feasibility study and permitting (environmental, legal, etc.), with detailed mine planning

Stage 7 - 2 years
Mine and plant construction, infrastructure works

Stage 8 -4 to 6 years from the initiation of exploration, production should start-up.


Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Leardron
Member


Member Rated:
4
Icon 1 posted      Profile for Leardron     Send New Private Message       Edit/Delete Post 
From that it appears they are on stage 3 maybe 4.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 1 posted      Profile for TradingWizard         Edit/Delete Post 
If you need some time to kill and read more about diamonds, here is link that may interest you.
http://4newz.net/new/science/Diamonds.html

Just keeping CMKX on top! :-)))


Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
  This topic comprises 73 pages: 1  2  3  ...  14  15  16  17  18  19  20  ...  71  72  73   

Post New Topic  New Poll  
Topic Closed  Topic Closed
Open Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share