quote:

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Originally posted by bill1352:
someone had a post in here i think about the guy that came back from the future and made a killing in the market....tokk a few hundered and turned it into millions almost over night.....maybe this guy is one of the bashers in here since they are so sure they know the future with the same info that us dumdies that are not selling but holding. but no that can't be true....they would be too busy turning hundreds into million over night....they wouldn't have time to help us poor stockholders out with their crystalball predictions

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...I read about this somewhere in the news, invested $500 dollars and overnight he got 350 million - too bad I did not keep it, it was quite an article - this guy was really claiming that he came back from the future...lol

I'm hoping that the audit was done after Mr. Glenn announced he is becoming involved (June 16th?) and that he is overseeing the audit, because I think one purpose of hiring Mr. Glenn was to provide absolute credibility to all the procedures that are being done to battle the MM's. If Mr. Glenn did not oversee the audit how can he comfortably state it is accurate and complete. I would also want an independent auditing firm, not an audit done by the transfer agent. I would think the transfer agent would get the information together for the independent firm to audit. If the new transfer agent did the audit then people would say it's just one transfer agent putting down another. I'm not sure who does this type of audit and I doubt UC would know, so he probably had Mr. Glenn pick the audit firm.
I'm hoping Mr. Glenn's purpose is to guide UC through this whole process until his company is strong enough and has the staff to stand alone. I am certain UC knows there are naked shorts out there, If UC calls the SEC and says we are getting screwed nothing will be done, but if Mr. Glenn calls and says he's sure something is very wrong, has all his numbers documented by highly regarded audit firms and triple checked so their is no doubt as to the accuracy it has to be addressed. Just my opinion.

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will wrote: posted June 27, 2004 00:12

There was a post from another board, (it's on the other thread), where someone talked to Pacific, and they told him they were not directed to an audit. I went back and looked at the language in the June 3, PR:
"Further the Board has notified the present Transfer Agent, 1st Global Stock Transfer to do a full and complete audit of the company and/or will have an independent auditor audit the company and as soon as that audit is complete the Company has retained Pacific Stock Transfer, Inc., to become the new Transfer Agent for CMKM Diamonds, Inc."
So, it clearly states it was to be done before Pacific took over as the transfer agent. I put an assumption in my post, that maybe the reason why it hasn't been published is beacause it is being used as leverage with the "naked shorters". No one else offered any explanation, only Paul agreed that might be the reason. If there is or can be another explanation I would like to hear it.
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Will-I couldn't think of another explanation when you first posted this but if the trying to work a deal with the SEC or MM's isn't in the cards another possibility is the audit revealed such a big mess it was either handled incorrectly by the first TA and (I think you are right that the second one never was requested to do one) or it revealed a staggering number of shorts, bigger than originally thought and will take time to verify; or choice number three UC is either buying back more shares to sew up what is left of the float or documenting behavior for a winnable court case. Until we get a PR from the company it isn't offical. IMO-DD-GLTA-Debi
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Zeninvestor posted this on another board. i liked it so here it is:
SOME NEW THOUGHTS.

After thinking through many, many things regarding CMKX, I've reached some new directions on thinking. I base these thoughts on three key assumptions. Anyone who disagrees with these assumptions will obviously disagree with everything I say. Which is fine. I'm not here to convince anyone of anything. I'm here to share my thoughts and you can either agree or disagree but a) I don't care, and b) your agreement or disagreement won't affect the ultimate outcome of this stock anyway. So here are my three assumptions and the basis for each, then I will get into where I'm going with this.

Assumption 1:

There is a very large short position. My estimate is 100 billion. You either agree or disagree. Based on trading volume in the past year, that is my opinion.

Assumption 2:

The O/S share count is around 10 billion. Urban retired billions of shares last year. It is documented in press releases. 36.5 billion were retired between September and December in '03. I believe he was doing this for a reason. Obviously, you cannot be a successful public company with 100 billion shares. He was making a legitimate effort to take this number down to something palatable. Something investors could actually live with. We have not seen any updates on the retiring of shares, but we have seen Roger Glenn hired. I believe when Urban had everything in order with a palatable number of outstanding shares, he then approached Roger. I am choosing 10 billion and erring on the side of what I believe is conservative. It's entirely possible that Urban retired enough to take this down to under 1 billion. Who knows. I will choose conservatively and assume 10 billion.

Assumption 3:

I am guessing that when all the geology is completed and we perhaps have some further drilling results back, that we will be looking at mining potential in the range of $20-30 billion. I believe that is a very conservative estimate. I think many people are underestimating the true reach of this latest PR. This number could be as high as $100 billion+ in my opinion but I will conservatively say $20-30 billion.

Now, if at this point you are rolling your eyes and in complete disagreement with anything I've said above, then please stop reading. I really don't care if you disagree with my assumptions. These are MY thoughts and I'm allowed to have them. Much of what follows has some basis in Sterling's thoughts over on Raging Bull, which at first I thought were pretty wild, but then I began thinking them through more and more.

So my new thinking over the weekend is that I've become much fonder of the notion of a tender offer by Urban to go private. One thing that has always baffled me in this whole mix is that if they let the short covering just play itself out straight out, the results are wildly unpredictable. It is entirely possible that enough people will sell to allow the short off the hook by maybe 5 cents or 10 cents. But then again it's possible that there will be such a massive buying frenzy, that the shorts won't even be close at that point. When the sharks circle, it gets VICIOUS. It's possible that this could indeed become the mother of all squeezes reaching several dollars, maybe even in the double digits. Depending on the size of the short position, when you start getting into numbers like that, you have what I would term "chaos". Market regulators don't like chaos. And nobody likes market regulators.

So I began thinking about what the options would be to prevent complete chaos and still deliver what everyone wants. I keep coming back to the same conclusion that a tender offer to go private would be the quickest, safest, easiest method to lock in a price that burns the shorts but not the entire market, makes all the shareholders happy and does not leave anything up to chances as to how this will all resolve itself. It basically names a price and that's that. SEC can't do anything about it. DTC can't do anything about it. Shorts can't do anything about it. If Urban has the financial backing, he has every right to make a tender offer.

So now we get to tender offers. What is fair value for a tender offer. Well, in my opinion first off Urban needs financial backing to extend a tender offer. He's going to have come up with the money to make the offer. Of course, if he owns 9 billion out of the 10 billion shares left, he doesn't have to come up with the money to fund those 9 billion shares since he would, in effect, be paying himself. But unless he owns the ENTIRE float (possible given the short situation), he may still need some money. Roger just happens to be a top attorney at a law firm with perhaps the finest collection of private equity financing clients in the country. Moreover, if a true value can be attached to this property, Urban may qualify for some significant debt financing with a major bank/institution in order to perform the buyout and go private. I think Roger is here for more than just paperwork filing.

The thing that I like about the tender offer approach is that it makes everyone happy. We get a presumably nice buyout price. The shorts get torched but not in a way that the market crumbles. Urban gets his company back and can now turn around and do an IPO as a new entity to achieve proper market valuation.

So the question arises then about valuation. I believe that this process will require several things. First and foremost will be the share count. I expect that within 30 days. I am not one of the people claiming it is coming this week. I believe there will be several issues involved with verifying the number, mostly due to some rather questionable behavior by First Global in transferring their records to Pacific. And because I believe that a tender offer would have to actually have a basis for its value (otherwise the SEC could crack down on it as being market manipulation), I believe that in the next 30-60 days Roger and Urban will reveal more meaningful numbers that will allow a fairer valuation to be placed on the property. If we can demonstrate realistically that we are sitting on a property with $30 billion in potential and we have 10 billion shares outstanding and if you assume an appropriate discount based on potential, cost of mining, etc., I arrive somewhere between 50 cents and a dollar for a tender offer. Naturally this number moves up or down based on these variables. If there's 100 billion shares and the property can only be rationally assigned a value of $5 billion in potential, the tender offer could be as low as a penny. If the share count is 1 billion and the property potential is as massive as some speculate (let's say in the neighborhood of $100 billion), a tender offer could rationally be assigned of $20 per share. Who knows. These variables will indeed be key. Based on MY guesswork and assumptions above, I net out around .50-1.00 as a reasonable tender offer. I think higher than that also runs the risk of breaking the backs of too many high-powered players, thus creating the "chaos" that we want to avoid.

I found this article cited on Raging Bull to be very helpful with respect to going-private transactions. Notice that it frequently references the Sarbanes-Oxley Act of which Roger is based one of his publications on. http://articles.corporate.findlaw.com/articles/file/00144/008504

Notice too that under Rogers bio in his Corporate Responsibilities publication, that "going-private transactions" is listed as an area of his expertise. Also, in his Edwards Angell bio, he lists "hostile and friendly tender offers" as an area of expertise.

As for a time frame, I believe all of the above will take longer than many want to hear. I'm giving it 30-60 days to develop. First off, I don't think Pacific, our TA, will be ready with its documentation for awhile. Then I think their plan of action will take some time to coordinate with respect to the valuation. If they go forward with a tender offer, in my opinion it must have SOME basis in real, actual valuation. This may take some time still to justify and develop. Clearer readings on our property, drilling results, and perhaps even geologists' consultations may be being formulated as we speak. In the mean time, there may be other news releases to give us hints that things are progressing in the right direction and to be patient regardless of how the market makers manipulate the stock.

Ultimately, if we want to go public and get a proper market valuation so the company can be looked at with a fair eye by analysts and the investment community, we must affirmatively knock the short position out. In my opinion, the tender offer does that. It then gives Urban the opportunity to go private and for Roger to then plan an IPO onto Nasdaq with FAIR valuation. The IPO could also raise significant money for the company to fund the drilling through either Roger's private equity financing contacts or possibly even large institutions. Yes, we would have to buy back into the new company, but if the tender offer was fair, we would have LOTS of money to do that. I personally do not believe that we would be issued stock or warrants for any new, future company with a tender offer since that would continue to put the shorts on the hook with the new shares and the whole point of this exercise would be to rid the company permanently of them. I could be wrong here. Roger may still see that as ok. But my guess is that this would be a clean sweep in going private with a brand spanking new entity untainted by any past securities issues that IPOs. And yes by the way, IPOs and going public are Rogers PRIMARY specialty.

The more I look at Roger's background and skill sets, the more I see why he may ultimately have been chosen for this company. Many will disagree with me that we are not going private because Urban wants to be on the big boards or Urban wants to take care of small investors or for whatever reason. And my response is that a tender offer may actually be the BEST way to properly go public and become a fully reporting company again. It resolves the nasty short issue conclusively and then sets the stage for a more viable option of a full blown IPO with media coverage and everything else. One of the disadvantages of a reverse merger or the mere transition of an otc company to the big boards is the lack of fanfare. Whereas an IPO is a big deal, putting you squarely on the map of every analyst and in front of the investment community front and center. If CMKX has the goods, this would be a very wise move.

Again, there are many variables here. And this is all just one theory. Roger probably has many creative options available to him in this situation. I truly believe that a person in Roger's position would not have taken Urban or CMKX on as a client unless he was shown that either there is massive valuation residing within CMKX or that there is conclusively a massive short position that needs to be broken, or possibly both. If all this is true, how this is resolved will be landmark lawyering on Roger's part.

Also, as for the Joint Venture theory, my opinion is that those other companies would be merged into the new entity that would ultimately go public. They'd get "bought out" for shares in the new company that equate to a fair value.

This is all speculation. Massive, rampant speculation. I am not a securities attorney. I do not know what Roger has planned. I am simply guessing at this based on logic, known facts as we have them, and the application of creative thinking. If you disagree, fine. Many will. If you want to bash this theory, bash away. I really just don't care nor will it make ANY difference on the outcome of this stock.

Speaking of which, I have become far too involved on this stock. When my personal life suffers, I know that it is time for me to step back. So, I will be limiting my involvement here. I'll spend about 1/2 hour at night reading through anything new and posting any new thoughts I might have. That's it. I think this process will take 30-60 days before it truly unfolds. I really don't care what the price does in the interim. I am very comfortable with what I've invested in. I believe as details are continually revealed, that comfort level will continue to go up. Bashers may claim "Where's zen going? Looks like he's running away." Whatever. By now, you know their mode of operation. Look for more articles to be published by stockpatrol, look for more fervent bashing. All that stuff is par for the course. In the mean time, give Roger and Urban the proper space to deliver on their words. I would much rather spend the next 30-60 days engaging in my normal life again than trying to be here to monitor every incremental piece of information. Because whether I do or don't, the end result will be the same, whatever it is.

I am still 110% behind this investment and still believe that it has the greatest potential of any penny stock I have invested in in the last 10 years. I still believe that the key securities partner at the ny office of a top tier law firm does NOT get involved with a stock trading on the pinks at .0001 for most of 2004 without some VERY BIG reasons for doing so.

Anything can happen here. Roger and Urban can run into snags nobody anticipated. On the flip side, Roger may execute this flawlessly and sooner than I expect. Who knows. I am currently in with 33M shares and I truly believe in my heart that we will be a piece of history with the outcome. I truly believe there will be a massive redistribution of wealth from the gutter slime that has savaged and brutalized companies over the last decade by naked shorting into the hands of good, upstanding investors like us that will actually do good things in the world with this money rather than simply use it to leverage more naked shorting to crush more American entrepreneurship. Time will tell. I will be a part of this ride whichever way the current takes us.

Z

As always, these are my personal opinions.

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NOAH: posted June 28, 2004 01:54

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And this on another board from Dr. Diamond makes a good read:

I think we are beyond the point of needing to convince people of what I am going to call the CMKX ADVANTAGE!

1. We have the 1.4 million plus acres of mineral rights advantage
2. We have the Drill rigs and teams drilling and moving to sites already advantage
3. We have an historic Aerial Survey that no one else has ever had in diamond exploration over the Fort a la Corne region advantage
4. We have an incredibly experienced Law Firm escorting us through these difficult stages advantage
5. We have Urban and his staff of geologists that are some of the best in the world reading and interpreting the scientific data advantage
6. We have a PPS that is way undervalued at .0005 and is bound to increase to an investors advantage
7. We have already made our intentions known to become fully reporting and transparent to move up to a more reputable exchange and we know this to our advantage
8. Steps have already been taken and confirmed that what we are hearing in the ACTUAL PR's from the company is exactly what we are doing to our advantage
9. We have millions and millions of shares already in the bank at a very low PPS giving us an advantage over anyone else coming in after us
10. The MM's owe billions of shares to investors and will have to move the PPs to get the shares they need and we know this to our advantage
11. We have educated and experienced investors working with us throughout these boards to keep us informed and to help us sort out the facts so we can make wise investment decisions on our own which is a great advantage!

The CMKX ADVANTAGE is a reality, a very real opportunity, and not just a dream! It is definitely not a lottery ticket! That is the worst comparison for CMKX we could ever make! I would love to have the CMKX ADVANTAGE working for me on a lottery draw, I would have near an 80% chance or an 8 in 10 chance of winning the lottery instead of the 1 in 3 billion or so you get with the lottery!

I think back through much of my life and everytime an opportunity would arise most people would turn out to be lethargic, indecisive, pessimistic, suspicious, negative, and overall against the opportunity even though they knew absolutely nothing about it!

It is amazing how people can be so set against prosperity in whatever form it comes unless it has a 100% guarantee. In my personal opinion CMKX is about as close to a guarantee someone could get without actually getting one! And that is the great thing about the CMKX ADVANTAGE that those investors are aware of for sticking around a while! As a matter of fact one could actually say that a guarantee in CMKX is inferred by a non-existent implication.

It is like Melvin said, with CMKX and our search for diamonds used to be like fishing for fish in an ocean (or lake) and now we are fishing in a barrel. Have you ever fished in a barrel? I have, and the fishing is great!

Hundreds ( ) of magnetic anomalies in a region known to possess kimberlite that is diamondiferous 80% of the time and 50% of the time the diamonds are 1mm in size! I'm no rocket scientist but has anyone really read what the PR has said to us?

This is like getting an 80% guarantee that out of the hundreds (say 200 on the low side) of the magnetic anomalies (80%) 160 are going to be diamondiferous and (50%) 80 are going to have diamonds 1mm in size. This isn't even considering the non-magnetic anomalies!
This is not guess work this is reported and confirmed fact from the region! I used to drive to Pennsylvania to hunt deer because they were so plentious! I some times go to Alabama fishing because the fish we want to catch are so plentious and no limit on them. I'm sure very one of you go some where because the chances of getting what you want are higher. Whether it is a pair of shoes, tools, meat, clothes, etc..., we go to certain places because of the POTENTIAL that place has proven to us in having what we are looking for! Diamonds are no different! Fort a la Corne is proven itself over the years to be 80% diamondiferous in its kimberlite and 50% on 1mm size of diamonds! This just happens to be the BEST PERCENTAGES IN THE WORLD, BY FAR!

Well, that's where we are, and that's why Urban went there, and that's why he started 15 years ago gathering up mineral rights and claims!

So many out there are worried about the PPs, the share structure, and the financials, but the truth of the matter is that if Melvin told us the truth and the other anomalies on the map looked like dimes and ours looked like OREO COOKIES then it doesn't matter if we have 500 billion O/S (even though I don't believe we do) and are millions of dollars in debt (but I don't think we are) it would be irrelevant if only half of the percentages provided to us by the Canadian Government and CMKX were true!

I hope every pessimist, lethargic, indecisive, suspicious, and negative opportunists out there doesn't buy a single share of CMKX until every one of us have as many shares as we want! As I said at the beginning, we are beyond needing to try and convince anyone of CMKX and its potential.

The CMKX ADVANTAGE is only for those that have seen it, acted upon it, and have made their stand in it! The rabbit is out of the hat and if others can't see it then it is because they don't or won't see it! Maybe they are not supposed to see it, but my question is to those of you reading this:

Do you think I am reading to much into this or are we setting in an incredible position and we must be the only ones seeing this, or are we blinded to a boogey man hiding in the dark and we can't see it?

I have followed this company for nearly 19 months and I am more excited now than when I bought in at .0001 and more excited than when Carolyn was drilled and Melvin unwittingly said Mt. St. Helens was going to blow!

What do you think about our position? I know we would like an O/S and financials, but in the worst case financial and O/S scenario I still see a win, win situation!

Besides the O/S and financials, how do you read CMKX's potential as it is revealed to you right now?

Thanks in advance for your replies!

Dr.D

By: twain1111
06 Jul 2004, 07:32 PM EDT
Msg. 36111 of 36120
(This msg. is a reply to 36108 by my69z.)

Jump to msg. #

Some of us need a reality check! I know sometimes I do!

I believe it is quite obvious that many that have newly invested in CMKX have no idea what to expect from the PINK SHEETS world! I have been invested in this company since 2002. You think CMKX is an animal; well the Pinks are a different species altogether. So many investors are running around screaming for information and ranting about an injustice is being done to the investors and we deserve information. Many feel that CMKX is obligated to release information out to us and keep us completely informed on everything going on!

This is simply not true! Before I get started I want to state up front that I didn’t say I wouldn’t love to have a daily update on what is going on inside the company, I would love it, but as a Pink Sheet Company, legally CMKX has no OBLIGATION to release us information except out of their sheer desire to communicate to us! We need a reality check! If this was Nasdaq, AMEX, or the NYSE and we had invested many dollars per share then we are guaranteed that the cooperation will be there, the obligation to release information, and have financials and everything else completely open for review.

We have a limited crew working in Las Vegas and in Fort a la Corne and each has there responsibilities and mission they are trying to carry out. As others have mentioned we have to let them do what they need to do for their success is our success; and their discoveries are our discoveries; etc… When we remember that we have about 10 people working in Saskatchewan and very few in Nevada we begin to realize how busy these personnel really are.

We may not have an official PR but we have information coming in simply by being able to perceive what they are doing: in Canada (drilling, moving timber, sending samples, moving drill rigs, trying to cover our claims and options on more than 1.4 million acres of prime diamondiferous kimberlitic lands, etc…): and in Nevada (D. Roger Glenn is on board, audit is underway, share structure is being determined, financials are being cleared, and a new transfer agency filed by Urban on July 1, 2004, fighting off the securities problems generated by the MM’s, trying to implement Urbans plan to help us) AND WE WANT AND DEMAND INFORMATION TO FEEL BETTER?

We have to grow up. This is a PINK for God’s sake and right now we already have more than we ever bargained for. Call Melvin if you need more information. Do some more Due Diligence if you feel insecure about your investment. Get away from the board and get your mind off things by golfing, swimming, beach combing, going to turtle races, have a drink, or anything else it takes but come to the reality that you are now in the world of the Pinks and not on a market or an exchange!

I know we are counting on Urban as our leader and I have complete confidence in his abilities and his staff working with him. They are scrambling right now to regain their footing. Unless we have forgotten, we just sort of blew our last PR by having to remove our new T/A and Mr. Glenn nor Urban want to project to the world of the market that we can’t handle ourselves or are not in complete control. You could say that the next moves will be very careful, thought out, and secure for CMKX and everyone’s career that is involved. Every move CMKX takes puts reputation at risk for Urban and Mr. Glenn and they are not going to risk it until they have fully done their strategic planning and done their own DD and research for this next step.

None of us here wants anything but the absolute best for CMKX and our investment, but we need to realize the Pink World is full of sharks, coral reefs, and unexpected storms. We need to let the Captain keep his eyes and mind on getting us through this thing safely. Remember, either way this thing turns out, up or down, sink or swim, wherever he goes, we go. I don’t believe for a moment he is in this thing to lose.
I believe most investors do not realize that a Pink Sheet stock is not on an actual exchange or market. This is why regulations are so difficult to enforce.

A company like CMKX whose shares are traded on the so-called "pink sheets" is commonly one that does not meet the minimal criteria for capitalization and number of shareholders that are required by the NASDAQ and OTC and most exchanges to be listed there. The "pink sheet" designation is a holdover from the days when the quotes for these stocks were printed on pink paper. "Pink Sheet" stocks have both advantages and disadvantages.

Disadvantages:
1. The company is NOT REQUIRED to release any information about its financials or share structure.
2. All information coming from the company is purely voluntary and is as the company wills.
3. Many Pink Sheet stocks are thinly traded. Can make it tough (and expensive) to buy or sell shares.
4. The Bid/Ask spreads can tend to be pretty steep. So if you bought today the stock might have to go up 40-80% before you'd make money.
5. The active Market makers or brokerage firms that handle the stock may be limited. Much discussion has taken place in this group about the effect of a limited number of market makers on thinly traded stocks. (They are the ones who are really going to profit).
6. Can be very tough to follow. Very little coverage by analysts and news reports.
7. The majority of all Pinks never make it out of the Pinks.

Advantages:
1. Normally low priced. You can usually buy a million shares for little more than a hundred dollars. So the risk is high but what you are risking is very low so the if the upside comes it will be worth the sweat you have invested.
2. Many companies list in the "Pink Sheets" as a first step to getting listed on the National Market. This alone can result in some price appreciation, as it may attract buyers that were previously wary.
In other words, there are plenty of risks for the possible reward, but aren't there always?

We are doing well with this Pink Sheet stock we have invested in! The upside is incredible and the downside is minimal! Let’s stick to the ammunition that has been given to us and the ammunition we can locate from public information to fight off the mental demons that try to enrage us, create doubt, unbelief, and skepticism.

I know most of us are longs and we all have weak moments. But lets focus on the reality of our investment and what we have, instead of getting revved up over what isn’t happening and what we can’t get.

This is just my opinion and I appreciate everyone contributing to our effort. I have no rights to say what you can and cannot say or do, so I won’t. But, I do know what those emotions and feelings can produce in our lives as a whole and it isn’t what either you or I want.

Let’s have fun with this thing and quit putting pressure on it to perform as if it is going to save our lives. It can definitely make our lives better when it comes through, but not until it comes through and it isn’t going to save our life. There is One that has already done that and He is a good one to lean on if you need too!

I believe CMKX will come through, and we’ll marvel at these times, but it just isn’t time yet! As I post often on my threads, “I don’t believe this is the end, or even the beginning of the end, but it is perhaps the end of the beginning!”

Take Care and Success to All in CMKX!

For additional info on Pink Sheets see: http://www.pinksheets.com/investor/index.jsp

quote:

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Originally posted by noahltl:
From another board, take it for what it's worth.

By: twain1111
06 Jul 2004, 07:32 PM EDT
Msg. 36111 of 36120
(This msg. is a reply to 36108 by my69z.)

Jump to msg. #

my69z, just got off the phone with Melvin, only about 65,000 acres were done, thats great news! He said they could not afford to survey the whole 1.4. This is huge guys.Hundreds of targets on only 65,000 out of our 1.4 mill. WOW!!!
Twain

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Originally posted by TradingWizard:
Will I really don't know what are you trying to say.

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quote:

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Originally posted by will:
First Marvin, is Melvin, I call him that because he doesn't deserve to be referred to properly, he's trash, garbage, no good. He's about as good as spokesman for a company as Ted Bundy would be for a women's college. He blabs on the phone that they surveyed 65,000 acres, the PR clearly says they surveyed the whole area, and Urban was wetting his pants over it. Now what are we to think? This is like two monkies trying to screw the same football. It's contradiction after contradiction. If that kind of crap instills confidence in investors, then I'm a fool. For God's sake, all I have been asking for, for over a month now, is an honest, complete, accurate, PR. Not Marvin shotting his mouth off only to retract what he said at a later date.

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quote:

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Originally posted by noahltl:

Will, I didn't find it scary at all. If the area ordered to be scanned was 68,000 acres, then the "whole area" was scanned, and turned up hundreds of anolmalies.

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quote:

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Originally posted by will:
First Marvin, is Melvin, I call him that because he doesn't deserve to be referred to properly, he's trash, garbage, no good. He's about as good as spokesman for a company as Ted Bundy would be for a women's college. He blabs on the phone that they surveyed 65,000 acres, the PR clearly says they surveyed the whole area, and Urban was wetting his pants over it. Now what are we to think? This is like two monkies trying to screw the same football. It's contradiction after contradiction. If that kind of crap instills confidence in investors, then I'm a fool. For God's sake, all I have been asking for, for over a month now, is an honest, complete, accurate, PR. Not Marvin shotting his mouth off only to retract what he said at a later date.

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Will may be you right about Malvin, but patience plays a big role to see what happens - and looks like you don't have any. Managing business is not that easy, the problem is that we get one PR, and people want another next day because the received PR did not fulfilled are standards. These are pink sheets you can expect anything. Try controlling big players like that, and asking for PR, they will give you when they are ready, not whey you are ready to get one. If CMKX knows what they have, I think it will be very obvious soon or later, they will be releasing PRs at their rate, they will be in control as opposed to us - just my opinion.
They may not have the best business model but at this stage of drilling they don't need to, because they have to figure out if the project is going to be profitable - aren't other mining companies like that.

And lastly, it is fun to read all the speculations, rumors, pros and cons....holding strong, not buying and not selling. Not pumping, not bashing, just staying natural.

quote:

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Originally posted by will:
READ THE PR AGAIN. IT SAID THE WHOLE AREA WAS SURVEYED. NOW IF YOU'RE TELLING ME THE WHOLE AREA COULD HAVE MEANT ANY PART OF THE WHOLE AREA, I WOULD CONSIDER THAT DECEPTION. NOT FORTHRIGHTNESS.

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He didn't say "all of our mineral rights holdings" or "all of our 1+million acres. Urban has a geologist on hand who no doubt told him what areas looked best for analysis. Why would he check every acre if some were more promising. This is a very expensive test. You go for the most likely area first.

That looks like it is was meant to be the whole area. Interpreting for convenience of arguement, or to convince yourself these guys are on the up and up doesn't work for me.

Posted by: zeninvestor32
In reply to: None Date:7/6/2004 7:53:25 PM
Post #of 46657

SOME ACTUAL DD OF GREAT POTENTIAL RELEVANCE?

So where is this money coming from for Urban. Who might he know with deep pockets?

Anybody ever heard of BBX Equity Group? Anybody know that they fund UCAD? Everybody familiar with how incestual the relationship is between UCAD and CMKX? Anybody familiar with Don King? Anybody familiar with Donald Trump? Anybody think that maybe if BBX Equity Group is partnering with King and Trump and also happens to be funding UCAD, that maybe they have some $$$ to toss Urban's way?

Just speculation but this is a very well-researched link. Urban clearly has some backing. Time will tell if this is a direct connection. Cheers.
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=36096

Z

As always, these are my personal opinions.

member is offline

Posts: 32
this is probably so simple but...
« Thread started on: Today at 8:49pm »

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I thought I would say it anyway.

Let me give a simplistic analogy:

If you walked out in your backyard and found an oil well, would you go out and knock on every neighbor's door, call up the local news media and get the press all over it? What would you do?

I would get a great legal counsel, get my plan ready, and at precisely the right timing, make the announcement to the public.

IMO, this is exactly what is happening right now. UC knew about all the crazy games going on with the stock while at the same time he knew the chances were great he would find loads of diamonds. Thus comes in Mr. Glenn.

Everytime I have doubts that this CMKX movie plot if you will at times, is too good to be true, I always come back to that thought - Why would Mr. Glenn come on board if there wasn't a huge potential involved here (either from a legal standpoint, the mother load of diamond mines, or both). That is the million dollar question.

I am long and will wait as long as it takes for the "Casavant brand" to take off

Any other opinions?

quote:

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Originally posted by highwaychild:
Will,read somewhere their min. rights are patchy, spreading from not far north of St. Louis,Missour to I have no idea how far and wide in Canada.But the FALC lands seems to be where the ice is.

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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
United Carina Resources Corp.
105 – 111 Research Drive
Saskatoon, SK S7N 3R2
Item 2 Date of Material Change
June 15, 2004
Item 3 News Release
The news release dated June 15, 2004 was issued in Vancouver, BC and
disseminated through Canada Stockwatch and Market News.
Item 4 Summary of Material Change
The Company, together with its joint venture partner Consolidated Pine Channel
Gold Corp. (TSX Venture – KPG), provided a report on the results from the
Companies’ Smeaton, Saskatchewan area property, as more particularly described
below.
Item 5 Full Description of Material Change
The Company, together with its joint venture partner Consolidated Pine Channel
Gold Corp. (TSX Venture – KPG), provided a report on the results from the
Companies’ Smeaton, Saskatchewan area property. The property is currently owned
jointly by United Carina and Pine Channel, with CMKM Diamonds Inc. (CMKXPink
Sheets) and U.S. Canadian Minerals (UCAD-Bulletin Board) each earning a
25% interest. The 25% interests will be earned by CMKM Diamonds and U.S.
Canadian Minerals each providing US$50,000 and each financing Cdn$200,000
worth of exploration on the 27 claim property. CMKM Diamonds is the operator of
the property, and has provided results of caustic fusion diamond analyses performed
by Saskatchewan Research Council (“SRC”) at its laboratory in Saskatoon,
Saskatchwan. SRC is certified under ISO-17025 (Minerals).
The results are for holes #1 and #2. Five holes were drilled in this phase of drilling,
of which four intersected kimberlite. Two diamonds were retained on the 106
micron screen in sample #5, from hole #1, representing an interval from 190.0 to
210.4 meters depth and weighing 40.10 kg. The dimensions of the two stones are
0.22mm x 0.14mm x 0.10mm, and 0.20mm x 0.12mm x 0.10mm. Their combined
weight is 0.001 milligrams.

The samples are of split NQ core (nominal diameter 47.6mm), and the other half of
the core has been retained in a secure warehouse. The rock is a medium-to-coarse
grained pyroclastic kimberlite. No diamonds were recovered from eleven other
samples.
The other two holes which also intersected kimberlite have not been sampled. The
operator intends to have these holes sampled and tested for diamonds. Only two
holes were initially tested because of the cost – in this case, $30,000 for the first two
holes. Now that the kimberlite has been shown to be diamondiferous, further testing
for diamonds is warranted.
The operator has named this kimberlite the “Carolyn” kimberlite. It was first
intersected in 1996, but not fully tested at the time. Since then, it has sometimes
been referred to as the “Smeaton” kimberlite, although that term has also sometimes
been used to refer to the entire trend of kimberlite in the Fort a la Corne area of
Saskatchewan, or used as a “type” of designation.
The Smeaton property contains several other targets which the operator intends to
drill-test when weather conditions allow. Results from the further lab tests of core
from the Carolyn pipe will be released when received. Elsewhere in the Fort a la
Corne area, the Companies participated in funding an airborne magnetic survey
which consisted of over 50,000 line kilometres. Results from the survey are pending,
and ground-proofing of anomalies will be carried out this summer, with a drill
program to be conducted on any targets of merit.
The next immediate target to be drilled in which the Companies have an interest is a
non-magnetic resistivity anomaly which was outlined in a survey conducted by
Furgo, and which the Companies are each earning a 10% interest from CMKM
Diamonds. The target is located in the main Fort a la Corne trend of 70 plus
kimberlites, and was undetected in the past because of its non-magnetivity. Other
kimberlites in the area have been shown to be very low to non-magnetic, but very
few of these targets have ever been drill-tested.
The Companies will be participating in an aggressive diamond exploration program
in the Fort a la Corne area of Saskatchewan well into the foreseeable future.
Mr. Ralph Newson, of Saskatoon, Saskatchewan, is the Qualified Person in this
project.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Confidentiality is not requested.
Item 7 Omitted Information
No information has been omitted in respect of the material change.

Item 8 Executive Officer
RICK WALKER
President Telephone: (306) 664-3828
Item 9 Date of Report
June 23, 2004.
UNITED CARINA RESOURCES CORP.
Per: “Rick Walker”
_______________________________
Rick Walker,
President

FORM 51-102F1
MANAGEMENT DISCUSSION AND ANALYSIS
UNITED CARINA RESOURCES CORP.
THREE MONTH PERIOD ENDED MARCH 31, 2004
The following discussion and analysis, prepared as of June 21, 2004, should be read
together with the unaudited financial statements for the three month period ended March
31, 2004 and related notes attached thereto, which are prepared in accordance with
Canadian generally accepted accounting principles. All amounts are stated in Canadian
dollars unless otherwise indicated.
The reader should also refer to the annual audited financial statements for the year ended
December 31, 2003 and 2002, and the Management Discussion and Analysis for those
years.
Statements in this report that are not historical facts are forward-looking statements
involving known and unknown risks and uncertainties, which could cause actual results
to vary considerably from these statements. Readers are cautioned not to put undue
reliance on forward-looking statements.
Additional information related to the Company is available for view on SEDAR at www.sedar.com.
Description of Business
The Company is a mineral exploration company engaged in locating, acquiring,
exploring and, if warranted, developing mineral resource properties, and currently holds
varying interests in metals and diamond properties located in Saskatchewan and Alberta,
Canada. The Company trades on the TSX Venture Exchange under the symbol UCA.
Performance Summary
The following is a summary of significant events and transactions that occurred during
the period:
1. On September 19, 2003, the Company announced that it had signed a letter of
agreement to acquire a 10% interest in 82 claims in the Fort a la Corne area of
Saskatchewan, subject to closing a private placement for $250,000.00. To earn its
interest, the Company must provide $150,000.00 in 2003 and $150,000.00 in 2004 for
exploration on these claims. The private placement closed in November, 2003. During
the first quarter of 2004, most of the Company’s activity consisted of ground geophysics.

2. Arrangements were made for the Company to participate in a large airborne magnetic
survey of the entire Fort a la Corne area in Saskatchewan. Results of this survey will be
available in the next quarter and ground follow-up will be done on the Company’s
properties.
Mineral Properties
SASKATCHEWAN KIMBERLITE PROJECT
During 2000, the Company and Consolidated Pine Channel Gold Corp (“Pine”) acquired
by staking 32 mineral claims in the Fort a la Corne area of north central Saskatchewan
with the potential to host kimberlitic structures.
On March 23, 2001, the Company, Pine and Shane Resources Ltd. granted an Option to
First Labrador Acquisitions Inc. (First Labrador), whereby First Labrador may earn an
interest of 50% in claims S-134434 and S-134435 by expending $300,000 on exploration
of these Claims.
On October 29, 2001, the Company, Pine and Shane granted an Option to Twin Oaks
Management Inc. (Twin Oaks), whereby Twin Oaks may purchase a 30% carried interest,
subject to a 1.5% (0.5% to the Company) operating royalty, in claims S-134434 and S-
134435 by making payments totaling $80,000 to the Company, Pine and Shane.
Pursuant to an option agreement dated May 9, 2002, the Company and Pine have granted
to PanTerra Exploration Corp. (Panterra) (formerly Rampton Resource Corporation) the
right to acquire a 60% interest in the 30 claim group known as the Smeaton Property.
Panterra may acquire the interest by making property payments totaling $20,000
($10,000 to the Company), issuing 200,000 of its common shares (100,000 to the
Company) and expending an aggregate $200,000 on exploration of the property by
February 29, 2004. To December 31, 2003, the property payment had been received, but
the shares had not been received. Since Pan Terra did not meet their obligations, the
property reverted to the Company and Consolidated Pine Channel Gold Corp.
On March 22, 2004 this property was optioned to U.S. Canadian Minerals Inc. and
CMKM Diamonds Inc. These two companies can each earn a 25% interest by making an
option payment of $50,000 US each and spending $200,000 CDN each on the property.
Originally the property consisted of 30 claims, 3 of which were allowed to lapse, leaving
a total of 27 claims.
During 2003, the Company allowed to lapse a number of claims in the Fort a La Corne
area of Saskatchewan. These claims were re-staked in June of 2003. These claims are
still pending, as another Company is challenging the staking of these claims.
To December 31, 2003, the Company had expended a total of $6,271 on acquisition and
$11,540 on exploration of the claims.

PINE LAKE SASKATCHEWAN
The Company holds a 50% interest in mineral claim S-99942, Northern Mining District,
Saskatchewan. The other 50% interest is held by Claude Resources Inc. To December
31, 2002, the Company had expended a total of $7,378 on acquisition and $42,830 on
exploration of the claim. It is expected that Claude Resources Inc. will be providing the
company with some exploration results in the near future.
DICKENS LAKE CLAIMS
In August, 2000, the Company and Consolidated Pine Channel Gold Corp. (“Pine”)
jointly staked mineral claims S-106625, S-106626 and S-106628 (the “Claims”), in the
Dickens Lake area, Northern Mining District, Sa skatchewan.
Pursuant to an agreement dated May 22, 2001, the Company and Pine granted an option
to Masuparia Gold Corporation (Masuparia) whereby Masuparia may acquire an interest
of up to 70% in the Claims. Under the terms of the agreement, Masuparia ma y acquire a
51% interest in the claims by:
(1) making a cash payment of $10,000 ($5,000 to each of the Company and Pine) by
May 25, 2001 (paid); and
(2) issuing 50,000 of its shares to each of the Company and Pine (received); and
(3) making exploration expenditures on the Claims totaling $325,000 by not later
than May 25, 2005, with a minimum of $25,000 expended in the first year and a
minimum of $100,000 expended in each of the next three years.
After earning a 51% interest in the Claims, Masuparia may increase its working interest
in the Claims to 70% by expending a further $500,000 on exploration of the Claims
before May 25, 2008.
To December 31, 2003 the Company had expended a total of $90 on acquisition and
$1,500 on exploration of the Claims, and had received $5,000 and 50,000 shares of
Masuparia on account of the above-noted agreement.
The Company has been informed by the operator that it is their intention to conduct
exploration work on the properties when funds are available.
FORT A LA CORNE, SASKATCHEWAN
The Company has earned an option for a 25% interest in 640 acres in the Fort a La Corne
area of Saskatchewan by paying $2,500.

SURROUND PROJECT, SASKATCHEWAN
Pursuant to an agreement dated September 18, 2003 with Casavant Mining Kimberlite
International, the company will have an option to earn a 10% interest in 82 claims in the
Fort a la Corne area of Saskatchewan. The interest will be earned by the Company
providing $150,000 in 2003 and $150,000 in 2004, to be spent on exploring the claims
for diamonds.
In addition, the Company has agreed to grant Casavant Mining Kimberlite International a
right of first refusal to earn up to a 49% interest in any Diamond properties the Company
may hold and seek to joint venture.
To December 31, 2003, the Company had expended $144,752 on exploration of the
claims. The Company’s intention is to fully earn their 10% interest in the property.
122 WEST, SASKATCHEWAN
The company acquired a 10% interest in 2 mineral claims numbered S-134434 and S-
134435. These claims comprise approximately 1280 acres in the Fort a la Corne area of
Saskatchewan. The Company and its joint venture partners intend to conduct ground
magnetic surveys on targets within the property that have as yet not been examined.
ALBERTA DIAMOND PROPERTIES
The Company acquired a 50% interest in approximately 220,000 acres in the Peace River
area of Alberta. The other 50% is owned by Consolidated Pine Channel Gold Corp.
Preliminary compilation of data from the area will be undertaken. The Qualified Person
on this project is Mr. Paul Hawkins of Calgary, Alberta.

Liquidity
The Company is in a position to meet its obligations for the foreseeable future. A private
placement of $250,000.00 was completed in November, 2003 and has provided the
necessary funds to meet all obligations. The continuing operations of the Company are
dependent upon its ability to continue to raise adequate financing. Outstanding options
and warrants should be exercised before expiry providing additional cash flow for
continuing operations. General market conditions in the past year have made raising
capital for junior exploration companies much easier than in the past.

Capital Resources
The Company has sufficient funds to meet its obligations for the foreseeable future.
Management is quite confident in its ability to raise funds to meet current obligations and
to fund any new acquisitions that it may deem to be of merit.
Related Party Transactions
The Company entered into the following transactions with related parties during the
period:
a) Management fees of $12,000 were paid or accrued as payable to a company of which
the sole shareholder is a director of the Company.
Financial Instruments
The Company’s financial instruments consist of cash, receivables and accounts payable.
Unless otherwise noted, it is management’s opinion that the Company is not exposed to
significant interest, currency or credit risks arising from these financial instruments. The
fair value of these financial instruments approximates their carrying values, unless
otherwise noted.
Subsequent Events
The following events occurred subsequent to March 31, 2004:
a) The Company particip ated in an airborne magnetic survey which was conducted in the
month of May, 2004 and is expecting final data in June or July of 2004. Ground followup
of this data will be conducted in the following months.
b) Further funds were made available to the Company through the exercise of outstanding
warrants ($50,000).
c) Results from two of the holes drilled on the Smeaton property were received from the
Saskatchewan Research Council. One of the holes yielded two micro diamonds. Two
more holes from the project will be submitted to the Saskatchewan Research Council for
analysis and results will be published when available.

And no the posting above is not official PR.

quote:

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Originally posted by TradingWizard:
Will you don't expect every one of us to answer you. I don't want to speak for everyone, but hey we would not be here if CMKX did not existed.

And no the posting above is not official PR.

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