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Author Topic: CMKX III New thread - We got it while we could
VNGNTN1
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BILL Iwas referring to the 25% deal earlier. Maybe just a page on this thread is ok.
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Prdponce
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here it is

By: jabberjaw521
18 Jul 2004, 09:15 AM EDT
Msg. 44483 of 44542
Jump to msg. #
Good Morning all CMKX)I would like to make my comment to this PR which seems to be very good for us..!! I would like to remind everyone that UCAD was the only JV that was offered an option to buy 25% of our claims, so with that being said this could be a start of what's to come.. At least that's the way I understand these PRs..!!(JMHO)

This is an older post of mine, but it seems to be cominig to fruition and only the start, because they have a 25% option and they are only exercising part of it at this point.. All of this is just my own opinion and I hope all of you take it as such..GLTA..Jab

(((Also notice on these PRs the map locations are the same(??) )))

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
(Older Post of mine)


((Attention Board)) Is UCAD and CMKM one of the same??
Check out these 3(three) older PRs and notice the option and the acreage are the same.. I put the info I'm referring to in BOLD print and underlined it..!! Take a look and see if you see the same thing.. Something is very strange here.. Also UCAD was the only one offered the option to (buy)25%..(??) That could explain why we went from 1.9 million acres down to 1.4 million acres But it looks like CMKM bought the same also..(??) Also the two PRs from UCAD are both the same info and only 8(eight) minutes apart..(??) I guess they really wanted us to see this.. Also check out their map locations are the same also..!! (Very strange)
Jabber


XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

CMKM Diamonds, Inc. Announces Joint Venture Option Agreement With United Carina Resources Corp. and Consolidated Pine Channel Gold Corp.
3/22/2004 9:30:00 AM
LAS VEGAS, Mar 22, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc.(Pink Sheets:CMKX) announces option agreement with United Carina Resources Corp.(UCA) CDNX and Consolidated Pine Channel Gold Corp. (KPG) CDNX. CMKM Diamonds Inc. shall acquire 25% interest of twenty-seven (27) mineral claims, which comprise of approx. 22,447 acres and are located in the province of Saskatchewan, Canada named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000 U.S. and CMKM Diamonds, Inc. shall become operator of the property, shall spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005. United Carina Resources Corp. shall retain 25% interest and Consolidated Pine Channel Gold Corp. will also retain 25% interest of the twenty-seven (27) mineral claims total, with the remainder 25% interest optioned out to another party.

There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.

This Press Release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward-looking" statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this Press Release.

SOURCE: CMKM Diamonds, Inc.

Diamonds Hotline
Melvin O'Neil, 306-752-3755 or 877-752-3755
ipr@sasktel.net

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

U.S. Canadian Minerals Announces Option
3/29/2004 11:40:00 AM
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. ( UCAD ) today announced that it has signed an Option Agreement with United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ), and CMKM Diamonds Inc. (Pink Sheets: CMKX).

U.S. Canadian Minerals has the right to acquire an option to purchase a 25% interest in 27 mineral claims, which are comprised of approximately 22,447 acres. These claims are located in the province of Saskatchewan, Canada and were named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000USD. U.S. Canadian must spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005 to complete the purchase. United Carina Resources Corp. shall retain 25% interest; Consolidated Pine Channel Gold Corp. will also retain 25%, and CMKM Diamonds will retain the remainder 25% interest.

There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.

Company Web site: www.uscanadian.net

SOURCE: U.S. Canadian Minerals, Inc.

U.S. Canadian Minerals Inc., Las Vegas
R. Williams, 702-990-3672

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

U.S. Canadian Minerals Announces Option
3/29/2004 11:48:00 AM
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. ( UCAD ) today announced that it has signed an Option Agreement with United Carina Resources Corp. ( UCA ), Consolidated Pine Channel Gold Corp. ( KPG ), and CMKM Diamonds Inc. (Pink Sheets: CMKX).

U.S. Canadian Minerals has the right to acquire an option to purchase a 25% interest in 27 mineral claims, which are comprised of approximately 22,447 acres. These claims are located in the province of Saskatchewan, Canada and were named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000USD. U.S. Canadian must spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005 to complete the purchase. United Carina Resources Corp. shall retain 25% interest; Consolidated Pine Channel Gold Corp. will also retain 25%, and CMKM Diamonds will retain the remainder 25% interest.

There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.

Company Web site: www.uscanadian.net

SOURCE: U.S. Canadian Minerals, Inc.

U.S. Canadian Minerals Inc., Las Vegas
R. Williams, 702-990-3672

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy


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StonedPigeon
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So all the folks who just found out about
this stock at the races will be doing what?

buying!


Diamonds can fly!


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shadow
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Bill1352 - 18.75 UCAD shares per 1 million
CMKX shares assuming the 400 Billion o/s.
At $3.40 per share that is $63.75 per million.

"thats just what it means...the o/s is probably 400 billion as the rumor indicated...a lot of these may be owned by UC but his shares count in this split so take 7.5 mil / 400 billion = .00001875 per share .....or $18.75 per 1 million shares owned - bill1352"

Also the partnership with the other groups
just covered some very specific claims not
all claims of the 1.4 million acres. So
even if UCAD gets 5% of the 25% that is currently owned by CMKX it amounts to 1.25%
over all for those specific claims.

I beleive that Van's assumptions are correct
which would put the share value at .001275
per share - assuming the 400 Billion o/s

This deal would also lead me to believe that
the float is considerably less than what
I had originally believed.

We still need a couple more pieces to the
puzzle.


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VNGNTN1
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PP
Ok I think this is what Bill was referring to. It clearly states 25% of 27 claims. There are far more claims, although I can't prove it. This should not materially affect value flow. If UCAD & CMKX are the same then value will continue to flow to UCAD and could possibly gut CMKX. This way the MM could get there wish.
- - - -
SP I think you just bought $25.5m of some value for 7.5m shr and will only be diluted by asset recovery less than$25.5m. Please offer your opinion on the management of company. I am buying unless you say they are idiots.
VAN

[This message has been edited by VNGNTN1 (edited July 18, 2004).]


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will
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Van,
I am not trying to be a wiseass here. I sometimes don't understand what you're saying.
We have a value of the company at $510M, which seems low to me, but ok. Now if there is 500B shares O/S what does that make the value per share?
I have suspected for a long while now that UCAD had Urbans fingerprints all over it, ever since that sweetheart lease deal, 22,000+ acres for $50,000 to be split three ways, so the REAL value maybe more.
Also explain what implications this has on "naked shorts" if they exist.
quote:
Originally posted by VNGNTN1:
SP
No I think I will buy some looks like value is flowing that direction ?
VAN
ALSO If pps swings substantially higher than .0000009 before 8/20 then taking profit might be in order. If there are naked shorts out there You can expecta 333.33% higher shorting volume.

[This message has been edited by VNGNTN1 (edited July 18, 2004).]



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VNGNTN1
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[QUOTE]Originally posted by will:
[B]Van,
We have a value of the company at $510M, which seems low to me, but ok. Now if there is 500B shares O/S what does that make the value per share?
= = = = =
Where does the 500bn come from ?
Shadow came up with a similar number to mine.00102
= = = = =
I have suspected for a long while now that UCAD had Urbans fingerprints all over it, ever since that sweetheart lease deal, 22,000+ acres for $50,000 to be split three ways, so the REAL value maybe more.
Also explain what implications this has on "naked shorts" if they exist.
= = = = =
MM will short in reverse proportion to a dividend to the extent they are short, thus my earlier value of 333.33%
= = = = =
VAN

[This message has been edited by VNGNTN1 (edited July 18, 2004).]


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will
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Where does the 500bn come from ?
That is said to be the maximum of A/S according to the last reporting.

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bill1352
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if you do the math it comes to .00001875 per share if you own 1 million shares it comes to $18.75 per million shares at $3.40 per share of ucad you then get 18.75 / 3.40 = 5.514 shares per 1 million shares of cmkx

also it does reduce the amount of interest we have in the mineral claims but not by much and if we are naked shorted it is a cheap way to expose and force the mm's to cover as its only 1.25% of the claims we have. say they find 1 billion $'s of diamonds what's 1.25% of that? and say it is naked shorted by a large amount to pay this dividend all share owners must be recorded this means that any naked shares must be covered before aug 20th if it is large the pps will go up as the mm's try to cover
hey if nothing else it will give us something interesting to watch for the next 30 some days...hmmm just in time for football season..lol


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VNGNTN1
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WILL
Shadow and I have allowed for some retirement which would account for the difference.
MORE MATH
The big boards are running about 22:1 pe
I doubt we could directly transfer figure to Pinks, but the pps could run as high as
.00102*22=.02244 next week.
VAN

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will
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Thats the value of the dividend. What is the value of the company per share if total value is $510M with the worse case O/S of 500B?
quote:
Originally posted by bill1352:
if you do the math it comes to .00001875 per share if you own 1 million shares it comes to $18.75 per million shares at $3.40 per share of ucad you then get 18.75 / 3.40 = 5.514 shares per 1 million shares of cmkx

also it does reduce the amount of interest we have in the mineral claims but not by much and if we are naked shorted it is a cheap way to expose and force the mm's to cover as its only 1.25% of the claims we have. say they find 1 billion $'s of diamonds what's 1.25% of that? and say it is naked shorted by a large amount to pay this dividend all share owners must be recorded this means that any naked shares must be covered before aug 20th if it is large the pps will go up as the mm's try to cover
hey if nothing else it will give us something interesting to watch for the next 30 some days...hmmm just in time for football season..lol



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VNGNTN1
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BILL
I guess I disagree with you (& Debi) about this covering deal. (When you OWN the printing press you print more dollars). They will simply short additional shares to cover in reverse proportion.WHY WOULDN'T THEY ?
VAN

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bill1352
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the value of cmkx is still an unknown its a speculation type company...if you read the article i posted a page back it gives some basic info on speculative pps of this type of company....the only way the value of cmkx will be even guessed at is doing more exploration of the claims and then testing the samples from the new drilling sites...the new survey they got results on does increase the speculative value of cmkx but they still have a few yrs of drilling and testing to come up with any real idea of company value
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Az...Cats
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The O/S for UCAD is 7.7 million. We will have 7.5 mill. on August 20th. Therefore don't we own 49% of UCAD?
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Money_Penny
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quote:
Originally posted by will:
Van,
I sometimes don't understand what you're saying.

Gee will, I'm glad I'm not the only one!

Who cares if the dividend is $3 or $18 or whatever. Trying to think about the REAL implications of this PR. Correct me if I am wrong please.

1. We now know for sure that this company is not a "SCAM"
2. The MMs will have to cover all naked shorts on or before 8/20.
3. PPS on 8/20 will reflect true value of the company
4. New investors will come on board and PPS will rise


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bill1352
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VNGNTN1
IMO they would not be able to short more shares to pay a dividend every share of cmkx has to be accounted for...only the o/s is involved if i'm not mistaken...any part of the a/s that was not issued to the public is left out...thus if the o/s is 400 billion and lets say the mm's are naked on 100 billion (probably no where near that much) then on aug 20th the total share count of shares owned by john q public better not exceed 400 billion this will include any shares owned by insiders such as UC.

[This message has been edited by bill1352 (edited July 18, 2004).]


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noahltl
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Thought it would be a good time to start a new thread, to celebrate the 're-birth' of CMKX. Next week is going to be a busy week with new DD and analysis. So it seemed like an opportune time to get some new thread depth before we run out. If you've done some important new DD, based on the PR, please bring it over.
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bill1352
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first i think we should chip in on some Depends for Debi (wwjd_ because this might force her those lose some control of herself being that any good news she takes as great... this may just be very good news...lol (i'm just kidding here wwjd...no slam at all intended ok?)
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StonedPigeon
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Ok your at the race track or watching the
race at home you see this car owned by some
diamond company, you look into it you see
the current pps and you read the pr.

Do you wait a month to buy in------NO!
you buy in now because you don't want to miss
it.

After you have bought in you start telling
your friends and family. They laugh at you
and tell you it's a scam. Then they go buy
some just in case. By this time who knows
where the pps will be, but I think it will be
UP!


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will
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Ok, if there is 500B shares which could be worse case, and based on the $7.5M for 5% of of the claims, or a value of $510M. The raw share price after dividing $510M by 500B would be .00102 per share, unless I didn't count my 0 properly.
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VNGNTN1
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WILL
Yes that's what I got also.
BILL
I must disagree again
A product is worth what somone pays for it. and we just calculated that to $510m.
MP
I disagree on logic of 1,2,3
and agree on 4
VAN

[This message has been edited by VNGNTN1 (edited July 18, 2004).]


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bill1352
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will.....this is a mining company the value of this company is based on whats in the ground of the claims they have rights too...you are correct in that 510 mil would be a sort of set value on the claims but you have to include the fact that nothing has been pulled from the ground...the cost to get the diamonds is part of what ucad & cmkx has figured into this number also figured in is that 99% of these claims has not really been tested they have only tested 1 or 2 core samples thus you have to add the speculative value to the $510 mil figure since we know that from the air survey there are huge amounts of magnetic kimberlite...i'm not saying this should be a dollar pps but i sure wish i had 10 mil more shares
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will
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I understand, bill. Thats why I said the raw value based on the $510M calculation. In an early post I did say that seemed low to me, but for calculating purposes I said ok, let's use that amount. Also I took worse case O/S. If the O/S is only 100B then based on the low ball $510M the raw value is .0051, 50B is .0102, 20B is .0255......
quote:
Originally posted by bill1352:
will.....this is a mining company the value of this company is based on whats in the ground of the claims they have rights too...you are correct in that 510 mil would be a sort of set value on the claims but you have to include the fact that nothing has been pulled from the ground...the cost to get the diamonds is part of what ucad & cmkx has figured into this number also figured in is that 99% of these claims has not really been tested they have only tested 1 or 2 core samples thus you have to add the speculative value to the $510 mil figure since we know that from the air survey there are huge amounts of magnetic kimberlite...i'm not saying this should be a dollar pps but i sure wish i had 10 mil more shares


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bill1352
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will....i guess then we agree...you are right about the set value as in what would someone pay today but i also think that ucad got a bargin basement price because they are already a part of the rights and i also think UC and Roger were looking for a way to deal with the naked shorting...if you look at this its a easy cheap way to firce the mm's to cover it gives them a chance to cover without a huge hit to the stock market as a whole because the last thing our economy needs is a big stock market scandel (though that may still happen because of other stocks), it may give the pps a big lift and it puts a few bucks in every stockholders pocket all for 5% of our claims...if it is naked shorted by a large amount i think the pps will end up much more then 5% higher
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Upside
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I dont see how we can take the 7.5 million for 5% of the claims and apply that figure to the rest of the claims. Remember, they just had the survey done so they have an idea of where the anomalies are and also where there aren't any. Some of this land is probably worthless while some of it probably has a higher value. For all we know, he could have just sold off the most anomaly rich section of it, we just don't know.
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will
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Morning UpMan,
Been waiting for you to check in. A valid point you make, but I made assumptions to just get a starting point and assign some logical PPS. Allbeit my logic maybe flawed because assuming to extend 5% value to the whole.
quote:
Originally posted by Upside:
I dont see how we can take the 7.5 million for 5% of the claims and apply that figure to the rest of the claims. Remember, they just had the survey done so they have an idea of where the anomalies are and also where there aren't any. Some of this land is probably worthless while some of it probably has a higher value. For all we know, he could have just sold off the most anomaly rich section of it, we just don't know.

[This message has been edited by will (edited July 18, 2004).]


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Str8Shooter
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There are two major questions that stick out in my mind now are:

#1. Who decides what 5% of the claims that UCAD in going to get? Do they get the pick the location that they want, and will they take the biggest hot spots. Or will CMKX be able to tell them which portion is theirs?

#2. What will UC do with the funds he now has available to him? Will this go towards his portion of the claims and the ultimate goal of finding and mining diamonds. Or will he continue to waste it on these race cars?

In any case, things are looking up again. I'm sure it will take Wallace a day or two to think of a way to put a negative spin on this news. But we all know he will find a way. He's allowed to though, its a free country.

Thanks to all, and Good Luck!!!


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Highwaychild
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I would guess, that is probably what the meeting(midight P/R) will be about tomarrow.
Ofcourse the "meeting" could just be a golf outing.And maybe,hopefully, had this whole thing worked out a while ago.

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noahltl
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EVERYBODY, PLEASE COME TO THE NEW THREAD. WE ARE ATTEMPTING TO GET A NEW THREAD GOING WITH ALL OF YOUR GREAT NEW DD AND DISCUSSIONS.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
JBCak47
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STRAIGHT SHOOTER

"Or will he continue to waste it on these race cars?"


I would hardly consdider using a race car to increase shareolders and company awareness as a 'waste'...

When/If new investors come in and buy up some of the O/S and float, this will be beneficial and worth the money...

-John


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RaiderJR
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The mm's can't print more shares. Here is why.

They have to pay dividends to all shorted shares based upon the dividend of the actual shares. If they print more they pay more.

If O/S is 10 billion actual and UCAD's buy in = 25 million, then that is the dividend/share.

If 10 billion nakeds then that is what they pay unless they can buy enough to retire the shares.

Now, say they pay the dividend and do not retire the shares, we just offer another dividend a month later and they have to pay it again.

They will do everything they can to reduce naked shares IMO.


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RaiderJR
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They had better cover before diamond news is announced or they could pay ten times more.
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VNGNTN1
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UPSIDE
The calculation has nothing to do with anything but the 27 claims which place the minimum value at $510m This is a number we have not had before. When the OTHER claims are sold or proved then we will have additional value.
VAN

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noahltl
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EVERYBODY, PLEASE COME TO THE NEW THREAD. WE ARE ATTEMPTING TO GET A NEW THREAD GOING WITH ALL OF YOUR GREAT NEW DD AND DISCUSSIONS.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
Upside
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originally posted by Van,
quote:
UPSIDE
The calculation has nothing to do with anything but the 27 claims which place the minimum value at $510m This is a number we have not had before. When the OTHER claims are sold or proved then we will have additional value.
VAN

Van,
Todays p/r says nothing about 27 claims, in fact it says they are purchasing 5% of ALL ot their claims. Now, let's say you were thinking about buying a 10 acre parcel of land for your crops for 100 thousand dollars. After your studies you discovered that 5 of those acres wouldn't yield any crops for whatever reason. Are those 10 acres still worth 100 thousand?


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