posted
CMKX IS ALMOST OUT OF THE COLD, DEAD WATER. NON BELIEVERS ARE TURNING INTO BELIEVERS. THEY ALL WILL BE BAPTISE IN CMKX. MY 59 MILLION SHARES WILL SOMEDAY BE NOT CALLED 59 MILLION LOTTO TICKETS. THAT DAY SHALL COME. IT WILL COME WHEN THE NEXT PR COME ON THURSDAY. REMEMBER FOLKS, IF YOU CALL IT, THEY WILL COME. IF YOU BUY IT, DREAMS WILL COME TRUE. IF YOU SELL IT, YOU WILL CRY LATER. IF YOU BASH IT, YOU WILL BE BEATEN.
CMKX IS THE SH#$%^T IN MY SUB-PENNY PORTFOLIO. THE CMKX BOARD KNOWS THE TIME TO LEAVE SUB-PENNY LAND IS NOW. IF YOU WERE BAPTISE IN CMKX, YOU SHALL BE ON THE TRAIN.
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fjean you trader get back to the original thread, we like you there (just kidding! and having fun, all because it is going to be a good day tomorrow!)
Ooops, my post will bump this thread up. :-))
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
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mine will bump it too.. and the more we bump, the faster we'll get to page 2 and not have to scroll to the right! Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
| IP: Logged |
quote:Originally posted by fjean: CMKX IS ALMOST OUT OF THE COLD, DEAD WATER. NON BELIEVERS ARE TURNING INTO BELIEVERS. THEY ALL WILL BE BAPTISE IN CMKX. MY 59 MILLION SHARES WILL SOMEDAY BE NOT CALLED 59 MILLION LOTTO TICKETS. THAT DAY SHALL COME. IT WILL COME WHEN THE NEXT PR COME ON THURSDAY. REMEMBER FOLKS, IF YOU CALL IT, THEY WILL COME. IF YOU BUY IT, DREAMS WILL COME TRUE. IF YOU SELL IT, YOU WILL CRY LATER. IF YOU BASH IT, YOU WILL BE BEATEN.
CMKX IS THE SH#$%^T IN MY SUB-PENNY PORTFOLIO. THE CMKX BOARD KNOWS THE TIME TO LEAVE SUB-PENNY LAND IS NOW. IF YOU WERE BAPTISE IN CMKX, YOU SHALL BE ON THE TRAIN.
posted
On the main CMKX post I mentioned that there are two phases that a diamond mining company goes through, 1st is the exploration or speculative phase and 2nd is the production phase and how the stock reacts in these phases. I also included some info on how diamonds are formed and then where our stock is in relation to the two phases. Here is a repost. The annual demand for diamonds as been rising 7% a year, production has been rising 6%/year Existing world mines, mostly South Africa, Australia and Russia are reaching the end of their life. Brazil has and is exploring for diamonds but Canada is now emerging as the main diamond hunting ground. DeBeers and the Russian State Depository have been having to dip into their stockpiles of diamonds, but now only have a 5 month supply left. And then there are the blood diamonds: where rebels in overseas countries have taken over diamond mines by killing the people in the area and also, even where rebels are not involved, the governments use child labor. In Canada diamond companies such as CMKX are going to laser inscribe tiny images of polar bears and maple leafs to indicate that the diamonds are not blood diamonds and these will sell at a premium to other diamonds. Diaamonds crystallize and form under tremendous pressure and temperature at depths between 120 and 160 miles. When they rise to the surface as magma erupting as volcanoes they form a carrot shaped pipe. These were first discovered near the city of Kimberley South Africa on 1870, and ever since have been called kimberlites. In other areas of the world, the kimberlites have been broken up by glacer activity or geologic activity. The kimberlites in our area were not affected by either activity. Volcanic activity tends to form volcanoes in clusters and the same thing has happened with kimberlites and in our area this is especially true. Go CMKX. The life of a diamond mine can last for decades, especially the larger ones and Canada now has four of the largest six kimberlites in the world. There are two stages in investing in diamond companies. The first phase is the exploration phase, where you locate kimberlites by finding indicator minerals such as garnets with high chrome content (done that), then do an electromagnetic air survey for kimberlite signatures (done that) and finally do a preliminary drill sample (that's what we are doing now) Usually this will only give an indication of diamonds, some microdiamonds, maybe even a macrodiamond Next, if this is favorable you mine a sample that thousands of tons of material and then to an extensive test of it. This is done, because, as I stated earlier, in othe parts of the world the kimberlites are broken into fragments and so an initial drill result can not indicate if the mine is of commercial quality. However, in our part of Canada, the kimberlites have not been fragmented and so we may only need the initial drill result to show if the kimberlite is of commercial quality. Go CMKX. If it does prove to be commercially viable, the the price of the stock shoots up, if not, well then nada. This is also called the speculative phase. the second phase is the production phase. It takes a while to start producing diamonds, to build the infrastructe etc, and that is expensive. When you finally start producing diamonds, and if they are gem quality and have a reasonable amount of macro diamonds and if the life of the mine is going to be in the decades, then the price of the stock will have a second explosive price rise and then a steady price rise as it becomes recognized as a major diamond life. We appear to finally be at the explosive stage of the first phase, and then, in the furture there is the second phase to look forward to. Go CMKX. Let the good times roll. It took a lot of guts for all of us to invest our hard earned money in the speculative first phase, but then it took guts for the first person who said, "See that chicken there, I'm gonna eat the next thing that comes out of its b*tt." With that, I'd better say good night. It should be an interesting time next week.
hey guys... Read this post on CMKX thread by someone.... I am longgg and strong.... finally my wife will be proud of me!!! LOL
Gender: Posts: 711 CMKX has value! « Thread started on: Today at 3:49pm »
-------------------------------------------------------------------------------- Facts we have are more than enough! « Thread started on: 05/29/2004 at 22:19:59 »
I believe most don't believe the FACTS!
The reasonable facts are enough to believe in CMKX! Most can't or have a hard time believing that something good can actually come their way. I guess like most of us after you get burned enough the tendency is to turn critical and cynical. Let's see if we can put aside the criticism, sarcasm, and look at reasonable amounts with no maybe's or speculations! Just a reasonable breakdown of what we know and we can go from there!
Everytime some brings up substantial DD that the value of the company is significantly more than people can imagine they shoot it down and think the individual is a pumper.
I know the A/S (Authorized Shares) is 500 billion shares. But we also know that in February the O/S outstanding shares was around 37 Billion. Just because 500 Billion are authorized doesn't mean they have been used.
Retiring of Billions of shares has taken place and the PR's attest to it. Even if none has been retired since Feb and the O/S is still 37 billion or even twice that at 74 Billion (which I doubt) the pps is WAY UNDERVALUED!
If we just take the Smeaton Property, regardless of the other 1.9 million or 3 million acres we have, the Smeaton property is 22,447 acres I believe. If you use the DeBeers valued property of approx. 58,000 acres at 40-80 billion dollars then we could reasonably assume that Carolyn and Smeaton is worth half of that at 20-40 billion. This alone when compared to the 37 billion O/S in Feb would make the pps worth approx .55 to 1.05. No hype, no asuming the other 1.9 or 3 million acres has anything or any value at all.
On Carolyn and the Smeaton property alone we can reasonably expect to have a pps of .55 to 1.05 or if there is 74 Billion O/S we would still be looking at .28 to .52 cents for our pps on Smeaton and Carolyn alone!.
And if there were 148 billion O/S we would still be looking at a pps of .14 to .26 on Carolyn and Smeaton alone!
And if there were 300 billion O/S our pps would still be at .07 to .13 on Carolyn and Smeaton alone.
Or if even a Max A/S for our O/S of 500 billion then our pps is still at .04 to .075 on Carolyn and Smeaton alone.
I don't see how anyone can argue with that! Now as a bonus, lets do a VERY CONSERVATIVE CALCULATION!
Debeers acreage is valued at around 700,000 per acre. Lets take one third of that and say CMKX acreage is only worth 230,000 per acre. When you multiply 23,000 per acre times 1.9 million (low side estimate of acreage) you get 437 Billion.
With our acreage in Smeaton and Carolyn valued equal with Debeers and our additional acreage valued at only 1/3 of that of Debeers we arrive at a minimum pps of:
Low end value compared to DeBeers: $20 Billion for Smeaton and Carolyn 437 Billion for remaining acreage ------------------------------------------------ 457 Billion low end value - With 37 Billion as an O/S we are looking at a pps of 12.35 low end
High End $40 Billion for Smeaton and Carolyn $874 Billion for remaining acreage ---------------------------------------------- $914 Billion high end value - With 37 Billion O/S we are looking at a pps of 24.70 high end
With the Low end being a pps of 12.35 at 37 Billion O/S then if you double the O/S to 74 Billion the pps would be 6.18. If you double the O/S again to 148 Billion then the PPs is still at 3.09 on the low end. If you double the pps again to 300 Billion the pps is till at 1.55 on the low end. I believe the low side of the tape is more than enough to convince any investor.
But lets take a look at the high side of this minimal amount I have presented. With the High end at 24.70 at 37 Billion O/S then if you double it to 74 billion O/S your pps is still 12.35. If you double your O/S again to 148 Billion O/S your pps is still 6.18. Then if you double your O/S again to 300 billion O/S your pps is still 3.09.
People this is not pumping this is taking the low side of everything presentable that we actually can confirm as fact!
To think there is 500 Billion outstanding shares would be ludicrous. But for the sake of the nay sayers we'll take it a step further to the max 500 billion O/S.
Low side = .914 pps rounded off to a .91 cent pps high side = 1.828 pps rounded off to a 1.83 dollar pps
If you don't believe then sell. But if you just want to moan and groan because we believe it is going to reach .91 or 1.83 cents then leave us alone.
The FACTS line up. That is .91 low side and 1.83 high side if the maximum 500 billion A/S is the actual O/S.
Personally with the Feb advertisement by CMKX stating 37 Billion O/S plus Urban's statement that INVESTORS had already given $1.8 million and another $3.2 million was coming when the work was to begin. I would be amazed if the O/S is over 50 billion because the only reason to sell shares is to raise money. But if you have investors kicking in then there is no reason to float any more shares into the market.
What does that mean? If we have 50 Billion O/S instead of the 500 Billion max then you can multiply the low and high pps by 10.
Meaning that the low end pps would be $9.14 and the high end pps would be $18.28.
No hype! No shuck and Jive! Just plain basics.
Keep believing CMKX! Your sub penny investments are going to be worth millions. You can take that to the bank!
Why? Because what I presented above is the flat base line for our pps. Not only that, I believe we have diamonds and plenty of them.
I am not a pumper just a sound reasonable investor trying to make a dollar and help protect my fellow investors from bashers or any one else that has an opinion outside the truth as it is known to be!
We don't have a lot of the facts we would like to have, but WHAT WE HAVE IS ENOUGH FOR NOW! Even if you break it down to a 25 percent haul it is still more than enough! Understanding that we may only pull 25% of this here are the calculations updated! Our low end of $9.14 X .25 = $2.28 Our high end of $18.28 X .25 = $4.57
This is my opinion and I ask that you treat it as such! But as for the facts, they speak for themselves! I believe the basic premise is FACTUAL and you can do with it what you want!
posted
read this guys..... I am long and strong.....
quote:
Gender: Posts: 711 CMKX has value! « Thread started on: Today at 3:49pm »
-------------------------------------------------------------------------------- Facts we have are more than enough! « Thread started on: 05/29/2004 at 22:19:59 »
I believe most don't believe the FACTS!
The reasonable facts are enough to believe in CMKX! Most can't or have a hard time believing that something good can actually come their way. I guess like most of us after you get burned enough the tendency is to turn critical and cynical. Let's see if we can put aside the criticism, sarcasm, and look at reasonable amounts with no maybe's or speculations! Just a reasonable breakdown of what we know and we can go from there!
Everytime some brings up substantial DD that the value of the company is significantly more than people can imagine they shoot it down and think the individual is a pumper.
I know the A/S (Authorized Shares) is 500 billion shares. But we also know that in February the O/S outstanding shares was around 37 Billion. Just because 500 Billion are authorized doesn't mean they have been used.
Retiring of Billions of shares has taken place and the PR's attest to it. Even if none has been retired since Feb and the O/S is still 37 billion or even twice that at 74 Billion (which I doubt) the pps is WAY UNDERVALUED!
If we just take the Smeaton Property, regardless of the other 1.9 million or 3 million acres we have, the Smeaton property is 22,447 acres I believe. If you use the DeBeers valued property of approx. 58,000 acres at 40-80 billion dollars then we could reasonably assume that Carolyn and Smeaton is worth half of that at 20-40 billion. This alone when compared to the 37 billion O/S in Feb would make the pps worth approx .55 to 1.05. No hype, no asuming the other 1.9 or 3 million acres has anything or any value at all.
On Carolyn and the Smeaton property alone we can reasonably expect to have a pps of .55 to 1.05 or if there is 74 Billion O/S we would still be looking at .28 to .52 cents for our pps on Smeaton and Carolyn alone!.
And if there were 148 billion O/S we would still be looking at a pps of .14 to .26 on Carolyn and Smeaton alone!
And if there were 300 billion O/S our pps would still be at .07 to .13 on Carolyn and Smeaton alone.
Or if even a Max A/S for our O/S of 500 billion then our pps is still at .04 to .075 on Carolyn and Smeaton alone.
I don't see how anyone can argue with that! Now as a bonus, lets do a VERY CONSERVATIVE CALCULATION!
Debeers acreage is valued at around 700,000 per acre. Lets take one third of that and say CMKX acreage is only worth 230,000 per acre. When you multiply 23,000 per acre times 1.9 million (low side estimate of acreage) you get 437 Billion.
With our acreage in Smeaton and Carolyn valued equal with Debeers and our additional acreage valued at only 1/3 of that of Debeers we arrive at a minimum pps of:
Low end value compared to DeBeers: $20 Billion for Smeaton and Carolyn 437 Billion for remaining acreage ------------------------------------------------ 457 Billion low end value - With 37 Billion as an O/S we are looking at a pps of 12.35 low end
High End $40 Billion for Smeaton and Carolyn $874 Billion for remaining acreage ---------------------------------------------- $914 Billion high end value - With 37 Billion O/S we are looking at a pps of 24.70 high end
With the Low end being a pps of 12.35 at 37 Billion O/S then if you double the O/S to 74 Billion the pps would be 6.18. If you double the O/S again to 148 Billion then the PPs is still at 3.09 on the low end. If you double the pps again to 300 Billion the pps is till at 1.55 on the low end. I believe the low side of the tape is more than enough to convince any investor.
But lets take a look at the high side of this minimal amount I have presented. With the High end at 24.70 at 37 Billion O/S then if you double it to 74 billion O/S your pps is still 12.35. If you double your O/S again to 148 Billion O/S your pps is still 6.18. Then if you double your O/S again to 300 billion O/S your pps is still 3.09.
People this is not pumping this is taking the low side of everything presentable that we actually can confirm as fact!
To think there is 500 Billion outstanding shares would be ludicrous. But for the sake of the nay sayers we'll take it a step further to the max 500 billion O/S.
Low side = .914 pps rounded off to a .91 cent pps high side = 1.828 pps rounded off to a 1.83 dollar pps
If you don't believe then sell. But if you just want to moan and groan because we believe it is going to reach .91 or 1.83 cents then leave us alone.
The FACTS line up. That is .91 low side and 1.83 high side if the maximum 500 billion A/S is the actual O/S.
Personally with the Feb advertisement by CMKX stating 37 Billion O/S plus Urban's statement that INVESTORS had already given $1.8 million and another $3.2 million was coming when the work was to begin. I would be amazed if the O/S is over 50 billion because the only reason to sell shares is to raise money. But if you have investors kicking in then there is no reason to float any more shares into the market.
What does that mean? If we have 50 Billion O/S instead of the 500 Billion max then you can multiply the low and high pps by 10.
Meaning that the low end pps would be $9.14 and the high end pps would be $18.28.
No hype! No shuck and Jive! Just plain basics.
Keep believing CMKX! Your sub penny investments are going to be worth millions. You can take that to the bank!
Why? Because what I presented above is the flat base line for our pps. Not only that, I believe we have diamonds and plenty of them.
I am not a pumper just a sound reasonable investor trying to make a dollar and help protect my fellow investors from bashers or any one else that has an opinion outside the truth as it is known to be!
We don't have a lot of the facts we would like to have, but WHAT WE HAVE IS ENOUGH FOR NOW! Even if you break it down to a 25 percent haul it is still more than enough! Understanding that we may only pull 25% of this here are the calculations updated! Our low end of $9.14 X .25 = $2.28 Our high end of $18.28 X .25 = $4.57
This is my opinion and I ask that you treat it as such! But as for the facts, they speak for themselves! I believe the basic premise is FACTUAL and you can do with it what you want!
posted
Benedict Arnold – Eat your Heart Out Is Canada is poised to become filthy rich in diamonds? By Steve Keohane, TinyStock.com, 6/3/04
Quite a few Diamond mines around the world are nearing the end of their expected life spans. Worldwide, diamond mine production is steadily falling. Mines in Russia and South Africa have slowed production noticeably since their peak periods. Is it any wonder that the South African Diamond giant De Beers has set up shop in the Snap Lake area of Canada? On 02 June 04, De Beers reported that they received government permission to begin Phase one pre-production development of its mine in Snap Lake - which is their first government authorization to proceed in Canada. Is this wishful thinking on their part, have they made a find? Is De Beers looking to gain a huge foothold in North America in anticipation of finding more diamond fields in Canada’s northwest Ekati/Diavik region and in its more eastern Otish Mountain area? It's no secret that De Beers is also actively pursuing diamonds in the Northwest Territories, Nunavut, Saskatchewan, Ontario, and Quebec.
De Beers apparently found something big in Snap Lake, because on 02 June 04 they also reported that they are now preparing for construction of the mine, which is anticipated to begin in 2005. Construction of the mine is estimated to cost $490 million. The mine will produce 3000 tons per day when it reaches full production and is expected to have a life of just over 20 years. During construction, approximately 450 full time positions will be created in the area. Not only that, but De Beers has found something in Northern Ontario as well. De Beers' "Victor Project" in Northern Ontario is undergoing an environmental assessment in preparation for mine development.
CMKM Diamonds Inc Op Area
More drilling companies right now are scouring Canada for the allusive “kimberlite” than one would imagine. Claim staking has become very popular in Canada since the 1990’s when the huge Ekati deposit was discovered in Canada’s Northwest Territory. The Fort a la Corne diamond project has been 14 years in the making. But the impetus for diamond exploration in Saskatchewan was a Geological Survey of Canada aerial-magnetic survey in 1969. In 1988, geologists with the German uranium mining company Uranerz (now UEM) looked at the survey and noticed a number of anomalies. With its partner Cameco Corp., Uranerz drilled seven holes in the Fort a la Corne area and discovered kimberlite, a host rock for diamonds, in 1989.
It seems nearly everyday now aircraft are buzzing Canada’s skies as they conduct low level anomaly searches of the landscape below. When all is done, it just may turn out that under the burnt out forest in northern Saskatchewan lies the biggest body of diamond-bearing ore in the world.
Detection techniques
Geologists can initially detect kimberlite formations in the ground by the electromagnetic equipment aboard these planes, because diamond fields stand out with a distinct “signature” from surrounding rocks and minerals because they normally have above average amounts of iron. This is done much like the U.S. Navy’s P-3’s detect submarines below the water surface. Ground magnetic surveys are also done at the same time. The other method used to find kimberlite pipes is geological/geochemical tracing. Additionally, although much more time consuming, Geologists can sample the fine grained gravels over large areas, looking for the minerals characteristic of kimberlites.
Example aeromagnetic map showing kimberlite pipes
Named after a South African town, kimberlite is the carrot shaped/inverted teardrop diamond bearing area under the earth where diamonds were “spit out” into this distinct pattern by volcanic activity originating from the great pressure zones - up to 160 miles or more beneath the earth. After being rapidly brought up from the great depths the diamond-bearing rock hardens, encasing the diamonds in vertical volcanic "pipes" which are so hard that they have survived alluvia. This may have occurred millions or billions of years ago.
diamonds spit up via volcanoes
A "kimberlite pipe" is a very long, narrow volcanic shaft that can extend many, many miles vertically from a pool of molten rock deep in the earth to the surface. The kimberlite pipe at the famous Kimberley diamond mine in South Africa is the archetype, this mine/pipe has a surface area of just over 10 acres and a depth of about 3,500 ft below the present land surface.
characteristic carrot- or bowl-shaped pipes
Why the “diamond rush”?
World markets rise and fall primarily due to demand. Pound for pound, diamonds have always been worth more than gold. Gold is not only found in limited supplies, but the cost to mine it, extract it, smelt and then to transport it is extremely high. Miles and miles of underground tunnels and cheap labor are usually required to bring enough gold to market to be profitable. Diamonds on the other hand weigh much less than gold, and diamonds can often be mined rather quickly via open pit techniques. When the Jewish Jewel Merchants of Antwerp, Belgium were fleeing the Nazi Holocaust most left their much heavier gold behind and usually opted to save their much lighter diamonds inside of small bags.
open pit mine The mining of a pipe starts with the open pit method. The surface of the pipe is excavated in layers creating a series of steps (or benches). These steps are used as roads which circle down into the crater that grows deeper and wider during the process of excavation. When the crater becomes so deep that it is inaccesible to the proper equipment then underground mining begins.
Going hand-in-hand with dwindling production from worldwide mine fields that are nearing their useful life, stockpiles of diamonds worldwide are falling quickly. As availability of diamonds decrease the market for diamonds is increasing. It is important to realize how scarce diamonds are, even in an economic kimberlite pipe. The pipes of the Ekati mine, which is currently Canada's only economic diamond mine, grade around 1 carat per ton of kimberlite. The quality and size of these diamonds makes a big difference on the value of the mine.
It has been the De Beers Diamond Trading Company. a London-based cartel who has monopolized the diamond business for well over 100 years. De Beers is estimated to control 60 per cent of the world diamond trade, and they has been known to frequently force out rivals by ruthlessly controlling the diamond supply. This all may be about to change.
What’s in the future for diamonds?
Diamonds were once thought to calm the mentally ill, and to ward off devils, phantoms and even nightmares. Diamonds were supposed to impart virtue, generosity and courage in battle. In l532, Pope Clement the 7th’s physicians administered fourteen spoonfuls of pulverized gems, including diamond, which resulted in his death. Also, Saint Hildegarde, wrote about how a diamond held in the hand while making a sign of the cross would heal wounds and cure illnesses.
Not only is a diamond a highly desirable thing of beauty and the hardest substance known on earth, but a diamond also has the highest thermal conductivity of any known substance on earth. Tremendous heat can pass through a diamond without causing damage. Today's speedy microprocessors run hot - at upwards of 200 degrees Fahrenheit. In fact, they can't go much faster without failing. Diamond microchips, on the other hand, could handle much higher temperatures, allowing them to run at speeds that would liquefy ordinary silicon. A diamond can be anywhere from 10 to hundreds of times harder than a mineral ranked nine on the Mohs scale, such as corundum. Corundum is a class of minerals that includes rubies and sapphires.
There is a small growing threat to the industry from manufactured diamond makers who may be able to fill this semi-conductor need. A company called Gemesis in Sarasota, Florida and another company in Boston called Apollo Diamond have reportedly developed ways to make synthetic diamonds that can fool the best diamond analysts in the industry. Gemesis' system is said to duplicate mother nature's way by relying on a machine to place the same amount of pressure a real diamond faced over a hundred miles under the earth. Apollo Diamond relies on a superheated plasma cloud system to make their diamonds. Whether these too will fall entirely into the much less valuable synthetic class is anyone's guess. The odds are that they will. The "mystique" of a natural diamond will clearly win out. Federal law requires Apollo and Gemsis to disclose the origin of their diamonds. Gemesis uses lasers to marked each large stone, but smaller stones won’t bear those markings.
Is there a future for Investor’s?
Take a look at the Aber Diamond Corporation, which is presently valued at over USD $1 billion. Aber was a major player in discovering and developing the Diavik Diamond mine in Canada’s Northwest Territory in the 1990’s. A shareholder in Aber in 1999 saw their share shoot up from USD $5 to USD $25. And yet Aber Diamond Corporation had only a 40% interest in the Diavik mining operations.
Now imagine this:
There is a small company called CMKM Diamonds Inc (Pink Sheet Symbol: CMKX). They control many acres of claims, and they are actively looking for diamonds in Canada. CMKM Diamonds announced the following on March 29, 2004:
March 29, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) is pleased to announce kimberlite ore discovery, that joint efforts of CMKM Diamonds, Inc., being the primary operator of the claims, United Carina Resources Corp. (UCA) CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX and U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News) have successfully intersected kimberlite ore at their jointly owned Smeaton property located in Saskatchewan, Canada.
CMKM Diamonds Inc. (symbol: CMKX) is a new company involved in the exploration for diamonds in the Canadian province of Saskatchewan. The company says that exploration is presently being aggressively pursued within the Fort á la Corne area in central Saskatchewan, where the company holds mineral claims to more than 1.4 million acres. See their web site here: http://www.casavantmining.com/
On June 3rd, 2004, CMKM Diamonds also reported only the tantalizing words; "encouraging results" in Saskatchewan.
According to one source, The Fort a la Corne Diamond Project covers over 480 square miles of claims and includes 71 known kimberlite pipes. Thirty-four pipes have been shown to contain macrodiamonds (diamonds bigger than 1 mm). The largest diamonds recovered to date are 0.985 and 0.275 carats. The smaller macrodiamond is clear and white and may be a fragment of a larger stone.
The geology of these pipes is unique in the world as they are covered by a thick sedimentary layer deposited by an ancient inland sea. This layer has left the full kimberlite volcanoes intact. Usually, the wide volcanic crater and the top of the kimberlite pipe are eroded away, leaving only the pipe. In this swarm, single bodies over 1/2 mile in diameter have been found, containing an estimated 1 billion tons of kimberlite. If the diamonds are found in quantities of only 0.5 carat/ton of kimberlite, this would amount to a total reserve of 100 tons of diamond!
What is this company trading at? On June 1st, 2004 it was trading wildly at well below a penny, between only USD $.0001 and $.0003. Remember an entire penny is USD $.01.
What Dreams are made of Remember though, CMKX is in the "Penny League" (a Tiny Stock trading under 3 cents to be more specific) where a "running" penny stock sometimes shoots up from the basement to twenty cents. In the basement level shares are so cheap, billions sell daily, and once a stock "bursts at the seams" it can lurch out of the penny stock basement.
Just imagine though the return from the $.0002 cent level or so to $.20 cents. It can happen. What about $5.00 for each $.0002 cents? $1,000 worth of a $.0002 cent stock would get you 5 million shares. Suppose you sold 5 million shares for say twenty cents ($.20). Isn't that $1,000,000?
Remember though, you also would have to bet that the company did not do a reverse stock split in the meantime--which could be a huge setback.
Not only that - should it run towards $20 cents - can your nerves handle it? Certainly you'll think - sell now, or hold? A running penny stock can dive back down as quickly as it can run up - often quicker.
Caveat: The writer does own a large amount of stock in CMKM Diamonds Inc. This is not an offer to buy or sell any stock. Trading in any stock, especially penny stocks, can be extremely risky. TinyStock.com cautions everyone to never invest more than you can comfortably afford to lose.
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Earth, see if you can edit down the long hyperlinks to end the left-right scrolling. Also, the page keeps freezing on me as I scroll down. Anyone else?
Posts: 1210 | From: Virginia | Registered: Feb 2004
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quote:Originally posted by Meshoe45: fjean just out of curiousity - what is your average buy price?
Average buy price is 0.00017 bought 52 million since 0.0001 .. I bought more because DOJI and I are competing against each other. I want to be a millionaire when this thing hits between $0.01 - 0.002 ______________________ i have a headache ... too many shares
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I dont have that left scrolling problem. Hold down the CONTROL KEY and at the same time move the SLIDE RULE on you MOUSE. THAT WILL ADJUST THE FONT SIZE ON YOUR BB.
CMKX ROCKS !!!!
Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Ok I won't be able to buy CMKX until around June 19-22 (complications and need to switch to choicetrade.com) IF CMKX magically stays down for me so i can buy in, I am going to. But if it goes up and you guys become more and more rich as it does... how high do you feel would be too high to buy in at? I mean if I somehow got up to .05 or so, would that be to high to get in at? Or does CMKX have possibilites to reach $1 +
Posts: 42 | From: Van Buren,AR US | Registered: Jun 2004
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HI earth shaker and everyone else.. i Have kinda very stupid question... I dont know much about stocks DD but i bought cmkm last year when it was 0.0001 about 2 million stocks..my question is if that stock goes over lets say 0.03 cents and they do the reverse split or naked shortening?(i dont know wut that means though) does it mean that my 2 million share will become 2000 shares...like they did in afrr/afrt??? would tht 2000 shares will have any value ?? can you or any please clear that for me ..thanks a bunch to everyone and good luck to everyone hope we all become millionaire.. Posts: 193 | From: fremont, California, USA | Registered: Sep 2003
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posted
Not to worry Sterling has asured US there would NOT be a Reverse Split. But In case a Company were to do a Reverse Split SAY 1000 to 1 then 2 million SHARES would become 2000 SHARES. But those 2000 shares would still have the same Total VALUE as the 2 million shares once did.
EXAMPLE :
2,000,000 at .0001 each if a reverse split THEN : 2,000 at .10 each
Either way the Total value would be $200
And although Reverse Splits Do not Hurt THE TOTAL VALUE it is still looked upon in a NEGATIVE light. Thus causing the PPS to move DOWNWARD.
Hope that helps. Good Luck !!!
REMEMBER : CMKX ROCKS !!!!
Earth_Man
Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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quote:Originally posted by TeenageTrader: Ok I won't be able to buy CMKX until around June 19-22 (complications and need to switch to choicetrade.com) IF CMKX magically stays down for me so i can buy in, I am going to. But if it goes up and you guys become more and more rich as it does... how high do you feel would be too high to buy in at? I mean if I somehow got up to .05 or so, would that be to high to get in at? Or does CMKX have possibilites to reach $1 +
Realistically CMKX Has a Very Excellent chance to reach 25 Cents per share if and when they provide proof that the Diamonds are THERE. $1.00 is probably a DREAM price. It could probably reach that high If MORE and MORE shares are RETIRED by Urban C.
But then again LOOK at SIRI (Sirius Satelite Radio) they are TRADING at $3.15 per share. They have 1.2 billion Outstanding Shares. And they Are losing money NOT PROFITABLE. Nor will SIRI be PROFITABLE for years to come. SO I THINK ANYTHING IS POSSIBLE especially WITH PENNIES!
CMKX ROCKS !!!!
Earth_Man
Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
By: stervc 07 Jun 2004, 08:18 AM EDT Msg. 14657 of 16649 Jump to msg. # CMKX v.s. MMs – Pick Your Poison…
The news this past Thu and Fri (3 & 4 Jun) marked the genesis of the new CMKX era. Many thanks to Urban, Melvin, and the rest of the CMKX TEAM! Those recent PRs show that Urban cares about shareholders and all! Each of the PRs was powerful news that he could have kept unknown from us shareholders for longer times. This is his way of saying "trust me; I am in your corner."
Before we begin, understand that when we say “Market Makers (MMs)” we could very well be referring to whoever their clients might be who have bought naked shorted shares through the MMs. So don’t always think that it’s automatically the big bad MM scenario. We still got to have some MMs on our side to do what we are about to do. Not all MMs are bad for a stock.
What Urban is presenting to the MMs are two choices for covering. It's kind of like telling them to pick their poison. A serious force of reckoning must execute to the benefit of us shareholders. Let's observe.
Option A MMs will be forced to cover CMKX to maintain the minimum $3.00+ bid for 30 days to trade on the AMEX or Urban will execute Option B below. I was talking to a friend and he made me see how the AMEX would be a better market for CMKX. On the AMEX, the market for the price of your stock is establish by the market of supply and demand for your stock and not the MMs. Also, CMKX meets all of the AMEX requirements except one, maintaining a bid of $3.00 for 30 days.
This is where the MMs will come in. I believe that Urban knows that there is a 1 trillion share short because he helped to create it. Remember when I was saying that people should not be asking… Who is selling? Instead people should have been asking… Who is buying!
This means that as a show of confidence, he continued buying shares in his company, probably at .0001 cent, as long as the MMs had allowed such. This means that he is holding a huge amount of shares that he will use as leverage.
He can disseminate the shares into the market to force the MMs to cover at much higher prices as they will need many shares or he can retire the shares to where they cease to exist if they cooperate and cover to maintain a bid of $3.00 for 30 days. For a better understanding on the thoughts of retiring shares, read the link below: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=228
If things don’t go as planned for the MMs covering CMKX to maintain a bid of $3.00 for 30 days, then Urban will execute the next option below:
Option B Urban will execute this option if the MMs decide not to cover, Urban will now take the company private to later take the company public as an IPO. He would come back later as a legitimate company to offer to Canada as a mining and exploration company to help its citizens and economy. CMKX would also be authorized to receive some of the huge tax shelters that the Saskatchewan Government would offer for mining in Canada. All would be well.
Under this scenario, I would guess to say that the OS is no higher than 10 billion shares. What this means is that it would cost CMKX $10 billion to take the company private. Actually less considering that you as the company own a good portion of that OS. Read the link below to understand the costs involved: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=14635
The news released on 3 Jun 04 was one to indicate that they have huge results from the aerial survey and drilling samples. I am expecting to see a huge announcement of some valuation in the $$ billions. It was also stating that we know the amount of our outstanding share (OS) structure and it will be impressive.
The first news released on 4 Jun 04 is one that states that we are planning on going to an exchange (possibly higher than the OTCBB) because obtaining and retaining a large New York securities law firm such as Edwards & Angell to represent your interests is not really necessary for just going to the OTCBB. I confirmed this with the OTC Compliant Unit of NASD at 240-386-5100. (I didn’t doubt you Frank, but I had to hear it from some official regulatory authority before posting this. All is well!)
This is another subliminal hint to the MMs because they will now know that they will no doubt have to cover if CMKX is serious about going to any of the higher exchanges such as the NASDAQ, AMEX, or NYSE.
This incoming buying pressure will continue onward for some weeks further worsening the MMs short position. What’s key here too is to consider that the MMs might not be short at all. It could be one of their huge clients that are hiding behind the MMs until forced to come to light. They will be needing for us to sell.
To combat this and to keep from allowing the MMs to keep the price suppressed, I am expecting a dividend to be announced with an execution date out in the future that would make shareholders go long with CMKX to receive the dividend. This would be a stock dividend.
The tender offer of $1.00 that I had used in the “Perfect Storm” Scenario below is very conservative: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=6425 This should be consider as a cash dividend and would be only considered to take measures to the next level if the MMs do not cooperate in my opinion. If this happens, I will be expecting a price a lot higher than the $3.00 bid price that CMKX was bargaining for since the MMs can’t short a cash dividend. They would then unveil value of CMKX that would really help people to see that even at $3.00 per share, the price of CMK is undervalued!
Keep in mind also, to make sure we are not jumping the gun about going to one of the major markets, Urban and CMKX could have retained a large New York securities law firm to help combat the 1 trillion short and to represent its interests to provide legitimacy of their audits because of how high the numbers will be for value, but with the intentions of going to the OTCBB.
This would fall in line more so with Urban wanting to “no doubt” go private and moving from the pinks to the OTCBB would change the entire perception of CMKX. People would trade CMKX as if they were on the NASDAQ if they showed the financials to justify such. This aligns better to the thoughts of going private to deliver the final blow to the MMs or the guilty party that have shorted them.
I am expecting major investors will be joining in daily for the next few weeks as more are made known of the existence of CMKX and more news of substance is released. Thanks to Urban, CMXK should make many enjoy prosperity for years to come!
posted
Here is something to think about. What about a DeBEERS buy out?? They are not to fond of competition. Now that they have partnered with Tahera anything is possible, I think they will eventually buy out Tahera maybe CMKX. MO Posts: 1637 | Registered: Apr 2004
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It's funny how people get attached to a thread. Every single time someone wants to start a new one people go nutz! I don't care if we have two, but this one is a lot less overwhelming for a newcomer to this stock. And Earth did such nice work to get it up to speed. We're all the same team here - Team Wallet! Posts: 1210 | From: Virginia | Registered: Feb 2004
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Not only that, it isn't cluttered with irrelevent posts. There's substance here. If a new investor/member happened by he would hopefully be impressed and we'd have another buyer(s). Buyers will be very important to us some day.
quote:Originally posted by Booty Quest: It's funny how people get attached to a thread. Every single time someone wants to start a new one people go nutz! I don't care if we have two, but this one is a lot less overwhelming for a newcomer to this stock. And Earth did such nice work to get it up to speed. We're all the same team here - Team Wallet!
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Any predictions for today? what are the chances of nabbing more at .0006 or .0007?
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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CMKX and the "QBID effect": I, and many other traders like me, have over the past few months been involved in the QBID run. It is still not over and is already regarded as one of the greatest stock runs in history. From .0001 to .0130 today is 13,000 % in just 4 months no matter how you look at it. The feeling that many of us have is that the mistakes we made with QBID will NOT be repeated with CMKX. Here are the lessons I've learned:
Mistake #1: Not buying enough shares at .0001. With QBID I only put in $200 at .0001 so now I only have $26,000 (!) Recognizing my mistake, I put $2000 into CMKX at .0001 so now we're talking real money when we hit the penny range.
Mistake number 2: trying to swing the trade. At .0020 I swung 1/4 of my shares on a pullback and managed to buy it back at .0018. Made a whopping $86 and I sweated bullets the whole time, afraid that I wouldn't get back in before it continued running. This time, when I sell a small fraction of my holdings, it will be for good and it won't be anywhere near where we are now. Nothing below a penny for me.
Mistake #3: Not trusting my due diligence and intuition. With QBID I saw the huge volume increase preceeding the move up from .0001 in late January and early February and hesitated. I could have easily put in a couple of thousand on more than one occasion but didn't. With CMKX I have been quietly accumulating for 5 months with profit from other trades. All of my reading, analysis and intuition are telling me that CMKX is on the verge of making business history. The hiring of Edwards and Angells law firm and moving to the OTCBB confirms it. I made my final and largest buy last week at .0002 and now the ship is blasting off on schedule. Perhaps Urban's goal of "a million millionaires" is not so far off the mark.
Note: this attitude and strategy does not apply to my "normal" pennystock trading. These two are NOT ordinary trades. CMKX and QBID are the most special of cases and stand the best chance of making it out of the Pinksheet quagmire of all the stocks I have seen.
My point is that I know that hundreds, maybe thousands of other traders are likewise prepared for this run with unusual, steely eyed resolve, and will not be shaken out so easily via market Maker manipulations. I think the MM's are scratching their heads on this one, not quite understanding how to handle this new breed of unshakable trader. We won't settle for "small" profits on this one. This is the Mother of all Perfect Storms and it has the MM's shaking in their boots.
Hang in there, spread the word about CMKX, and we will be a part of history. Good luck all!
posted
Earthshaker , Where did you get that post, CMKX v.s. MMs – Pick Your Poison… and who wrote it ?
it seems like a wet dreams to me, as much as I would love to see that all happen I'm afriad I'd have to wake up. Wow, thats some wild stuff, I'd like to see that ball Start to roll
quote:Originally posted by Vswan: Earthshaker , Where did you get that post, CMKX v.s. MMs – Pick Your Poison… and who wrote it ?
it seems like a wet dreams to me, as much as I would love to see that all happen I'm afriad I'd have to wake up. Wow, thats some wild stuff, I'd like to see that ball Start to roll
That's from some guy called Sterling. Most of his stuff is crap but a lot of people here seem to like it. I guess he just tells people what they want to hear. He pulls a lot of numbers out of his a$$ and tries to pass them off as close estimates.
posted
Thanks GatorMan, Im an over optimist I buy in to it all and every rumor, But that one I have to say is a bit beyond the extra ordinary closer to science fiction.
Posts: 8 | From: CA | Registered: Apr 2004
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