posted
Glassman, if they give us equal value UCAD and CIM shares doesn't that cover that problem. It wont matter because we own some of all.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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posted
Glass I never said HOW MUCH is down there, just that they know where and how big of an area these anomolies are.
You are right of course on not being able to tell quality/quantity but they know where and how big an area the anomolies take up... That is alot better then just having land and randomly throwing holes into the ground...
posted
I have read at various sources that garnets are commonly found in pipes where diamonds might be present. Has anyone seen any references from CMKX as to the presence of garnets?
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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Canadian Diamonds will have the largest market share of any country by 2010 says a senior DeBeers geologist. Bryson Burke is positioned to be amongst the eladers with over 4,400 hectares staked ... Hall of Fame - About Diamonds - Current Info - Site History ... Subcalcic harzburgitic garnets are associated with diamondiferous kimberlites ...
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Less than 5 miles away from DeBeers.And where Shore Gold found there 19.7 ct. Diamond + many others.
Posts: 2634 | From: The highway | Registered: Feb 2004
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I know that. What I am saying is if CMKX is drilling for diamonds and their pipe(s) contain diamonds or are likely to contain diamonds, CMKX would theoretically have found garnets. To my knowledge, they have made no mention of finding garnets and that should be rather significant a find since it suggests diamonds as well.
posted
SUPPOSE there is no Naked shorts; Who is trading all the stock daily for a year? VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
mm's back & forth to make thier trade numbers look good is my guess. plus there are a lot of ppl willing to risk a few hundred to get back thousands if not more. a 483 billion o/s is huge. add up the top 20 furtune 500 companies o/s bet ya dont get to 483 billion shares
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
any naked short is covered or the mm's decided not to cover. they can not buy restricted shares of ucad. or cim for that matter. our brokers will be looking for restricted shares of ucad in an amount enough to fill what they need for our accounts. restricted shares are differant on paper and electronically then unrestricted common shares. i got this from both ameritrade and mytrack. if any broker does not get enough restricted share to cover any naked shares will be exposed. only ucad can issue restricted shares. they can not be bought on the open market. call your broker and ask. if you use mytrack they will be sending out the restricted shares about the 24th if thats the pay date as they will not hold any restricted shares of any company
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
if the mm's know how many shares they sold naked to every broker they could wait till the pay date and then buy the right number of shares from each broker so that on the pay date the share count will match. i don't know if this is possible or if they have this info but its the only option left if there are naked shares out in the market.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
BILL Iwas hoping for several more responces, but you brought it right back to MM. SO if MM are tradings shares between each other these shares dont need to exist because we are seeing the same shares daily; in other words create a few NSS then trade them over and over and over and !!!!!!!!!!@@@@@@@@@@@@ ? see what I mean. (an explanation for low NSS) I saw a post stating the cover may have happened @ .001 and that might not have to to difficult if only say 1b existed. VAN
[This message has been edited by VNGNTN1 (edited August 22, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
-------------------------------------------------------------------------------- If you are interested in CMKX / UCAD, you need to be aware of some new developments. Note: Two companies are claiming the same development. Time for some DD searches.
LAS VEGAS, Aug 13, 2004 (BUSINESS WIRE) -- Ramoil Management Ltd. (PINK SHEETS:RAMO) has acquired a 51% interest in New Concept Mining, Inc., a Nevada corporation, it was announced here today. New Concept Mining owns a 400-acre parcel of land comprising a defunct industrial-metals mine in the Tempiute District of Lincoln County, Nevada. At the same time, Ramoil announced the completion of a corporate reorganization, and the appointment of a new CEO to lead the company's future growth.
Among the infrastructure comprising the property acquired with New Concept are 88,400 square feet of industrial and office buildings, certain riparian rights to more than 515.6 acre-feet of water annually drawn from two wells, and an electric power sub-station with a long-term low-cost power supply contract. The entire property, which is subject to a first mortgage with a balance of approximately $1.4 million, has been appraised by Standard & Poor's to have a current market value of $17,890,000.
The mine has a large position of Tungsten that is thought to appraise at $ 225 million at current market prices in addition to other minerals and water rights that have not yet been fully valued.
Among the features of the just-completed corporate reorganization is a 1-for-1,000 reverse split of the Company's common stock, effective Monday, August 16, 2004.
The new CEO of Ramoil, Mr. Stephen D. Cummins, has many years of leadership experience with high-growth companies, including having served as Director of New Business Development at Lear-Siegler, now known as Lear Corporation (NYSE: LEA), a global manufacturing conglomerate with annual sales of $15.7 billion. Mr. Cummins' years of experience in mining, excavation and the processing and destruction of hazardous medical waste will be especially valuable in several of the new business directions that Ramoil intends to pursue.
Asked to comment on the significance of Ramoil's acquisition, Mr. Cummins said, "The infrastructure that Ramoil has acquired as part of its acquisition of a controlling interest in New Concept Mining, Inc. provides terrific platform for Ramoil's new areas of growth. With 400 acres of land remote from any concentrated population and over 88,000 square feet of industrial and office space, together with our own long-term, low-cost sources of both water and electricity, we have the resources and facilities to conduct many kinds of processing without running afoul of any zoning or environmental prohibitions. Future announcements will report the many ways in which we plan to put these facilities to work."
NOTE: Safe Harbor Statement
.....then the UCAD PR.
U.S. Canadian Minerals Prepares for Exercise of Rachael Option as Foreclosure Sale Clears Way
LAS VEGAS, Aug 20, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced that the foreclosure sale on the property in Lincoln County, Nev., upon which it holds an option to purchase, was completed today securing the property for Nevada Minerals Inc. UCAD was previously granted an option to purchase this property from Nevada Minerals Inc. for $2,000,000 This transaction clears the way for UCAD to consider the exercise of such option and the launching of operations on the property. UCAD is currently negotiating a land use agreement for access and use prior to exercising the option. Among the infrastructure comprising the property are 88,400 square feet of industrial and office buildings, certain riparian rights to more than 515.6 acre-feet of water annually drawn from two wells, and an electric power sub-station with a long-term, low-cost power supply contract.
Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.com/.
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.
SOURCE: U.S. Canadian Minerals Inc.
CONTACT: U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
[This message has been edited by noahltl (edited August 22, 2004).]
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
RAMO>Oretech>UCAD>CMKX??? « Thread started on: Today at 11:37am »
-------------------------------------------------------------------------------- This is really interesting and strange as well,
Ramoil (RAMO) just hired a new ceo named Stephen D. Cummins: The new CEO of Ramoil, Mr. Stephen D. Cummins, has many years of leadership experience with high-growth companies, including having served as Director of New Business Development at Lear-Siegler, now known as Lear Corporation LEA, a global manufacturing conglomerate with annual sales of $15.7 billion. http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:RAMO&Feed=BW&Date=20040813&ID=3910368
I opened msn search on my web-brouser and typed in Stephen D. Cummins. The first name that popped up was Stephen Cummins and I clicked on it and it took me to what looked like a slightly defunct webpage belonging to a company named Oretech(ORTE) http://www.oretech.net/steve.htmhttp://www.oretech.net/mining-stock-news.htm
Question: Is this the technology what they will be using in nevada?
ucad's subsidiaries: cod mining, el capitan, nevada minerals.
What if they used this method on the yellow river gold mine in south america? It might well double its output!
I am actually getting goosebumps as I write this!
This is total specolation here, but I am sure that I read a pr about a new technology that would be used, by I beleive was, nevada minerals or one of our companies.
Imagine- the ore has already been mined and the leavings are piled up on the ground. the expense and hard work have already been done.
You take a bulldozer and scoop it into a machine that extracts up to 80 or 90% of the gold, silver, ETC,... and out comes nice new crisp U.S. and Canadian dollars for all of us!
Now I havn't dug deep enough to find a conection between Oretech and ucad or one of our other companies, but... wouldn't it be nice if there was!
pure speculation about Mr. Cummins:
He pushed for a deal with debeers and the rest of the board outvoted him and went with ucad? Maybe ucad has the expertise they need as well as the mineral rights?
Who knows, but these sure are some good pipe dreams huh? Maybe someone here can do some more digging, I may have run out leads.
xedd
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
DiamondWon UCAD & Ramoil..Plot thickens... « Thread started on: Aug 21st, 2004, 5:07pm » -------------------------------------------------------------------------------- Snowden Consulting represent New Concept Mining which was just purchased by Ramoil who apparently just bought controlling interest in New Concept which allegedy owns the same piece of property that UCAD just PR'd that they just purchased. Secondly, they also represent DeBeers.
Inquistitive minds have to wonder how two different companies just purchased the same piece of property?
Cheers...
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Look at who Snowden Mining Consultants represent! This is starting to get a little intriguing!
Snowden Mining Consultants
Snowden provides a minerals industry consultancy. Services offered by the group include bankable feasibility studies, techno-economic evaluation, geology and orebody modelling, resource reserve estimation and grade control, mine seismology, mining engineering, open-pit/underground mine layout and process/ systems management. The Company also has a geotechnical capability.
General Information Organisation Type: Company Registered in: South Africa Registration No.: 1998/023556/07
Business Sector(s): Mining Mining Industry Consultants Professional Services Consulting
Related Organisations
has client: African Explosives Limited, South Africa has client: African Rainbow Minerals - Sandton, South Africa has client: Afrinet Manufacturers Pty, South Africa has client: Alexkor Limited - Alexander Bay, South Africa has client: Allied Electronics Corporation Ltd - Parktown, South Africa has client: Amplats Development Center, South Africa has client: Amplats Management Services (Proprietary) Limited, South Africa has client: Anglo American Platinum Corporation Ltd - Johannesburg, South Africa has client: Anglo Coal - Johannesburg, South Africa has client: Anglo Operations Ltd - Marshalltown, South Africa has client: Anglo Technical Division - Marshalltown, South Africa has client: AngloGold Ashanti Ltd - Johannesburg, South Africa has client: Aquarius Platinum Ltd - South Perth, Western Australia, Australia has client: Aquarius Platinum SA - Sunninghill, South Africa has client: Arctic Platinum Partnership, Finland has client: Armcotech Construction Products - Midrand, South Africa has client: Ashanti Goldfields Co Ltd - Accra, Ghana has client: Avgold Ltd - Johannesburg, South Africa has client: Bamangwato Concessions Limited - Selebi-Phikwe, Botswana has client: Barplats Investments Ltd - Houghton, South Africa has client: Beatrix Gold Mining Company Ltd - Welkom, South Africa has client: Bestobell Mine Supports (Pty) Ltd - Kabokweni, South Africa has client: Billiton Plc - London, England has client: Bindura Nickel Corporation Ltd - Harare, Zimbabwe has client: BKS (Pty) Ltd - Durban, South Africa has client: Black Mountain - Aggeneys, South Africa has client: Bulk Mining Explosives (Pty) Ltd - Bryanston, South Africa has client: Business Management Systems (WA) Pty Ltd, South Africa has client: Cameron Mining CC, South Africa has client: Chibuluma Mines Plc Zambia - Kalulushi, Zambia has client: Chrome International South Africa (Pty), South Africa has client: Colliery Dust Control Services (Pty) Ltd - Springs, South Africa has client: Concor Ltd - Johannesburg, South Africa has client: Concrete Lining Products (Pty) Ltd - Carletonville, South Africa has client: CSIR Miningtek - Auckland Park, South Africa has client: CSIR Transportek, South Africa
has client: De Beers Investments - Southdale, South Africa
has client: Debswana Diamond Company (Pty) Limited - Gaborone, Botswana has client: DebTech - Johannesburg, South Africa has client: Delft University of Technology - Delft, Netherlands has client: Digby Wells and Associates - Randburg, South Africa has client: Drill Bush Engineering Cc - Edenvale, South Africa has client: Duiker Mining Ltd - Parktown, South Africa has client: Durban Roodepoort Deep Ltd - Johannesburg, South Africa has client: Enderbrooke Investments Ltd - Boksburg, South Africa has client: Endulwini Resources (Pty) Ltd, South Africa has client: Eskom - Sandton, South Africa has client: Euro Sales Manufacture, South Africa has client: Evander Gold Mines Ltd - Johannesburg, South Africa has client: Ferro Fibres - Krugersdorp, South Africa has client: Finsch Diamond Mine - Lime Acres, South Africa has client: Foskor Ltd - Phalaborwa, South Africa has client: Fosroc (Pty) Ltd - Alrode, South Africa has client: Fountain Civil Engineering (Pty) Ltd - Durban, South Africa has client: Gemar Mining Components, South Africa has client: Glisa Colliery - Belfast, South Africa has client: Gold Fields Limited - Johannesburg, South Africa has client: Grinaker Duraset - Westonaria, South Africa has client: Grootegeluk Coal Mine - Ellisras, South Africa has client: Groundwork Consulting (Pty) Ltd - Johannesburg, South Africa has client: Harmony Gold Mining Company Ltd - Melrose North, South Africa has client: Heraklith South Africa, South Africa has client: Impala Platinum Holdings Ltd - Houghton, South Arica has client: Ingwe Coal Corporation Ltd - Johannesburg, South Africa has client: Inher SA (Pty) Ltd - Edenvale, South Africa has client: Institut fuer Bergbau, Germany
For those of you who say it can't be done, please get out of the way for those who say it Can!!
Posts: 96 Re: UCAD & Ramoil..Plot thickens... « Reply #2 on: Aug 21st, 2004, 5:10pm »
-------------------------------------------------------------------------------- has client: Ispat Iscor Ltd - Pretoria West, South Africa has client: Jan Woller Mining Timber Bk. - Krugersdorp, South Africa has client: JSE Securities Exchange South Africa - Sandown, South Africa has client: Kalahari Goldridge Mining Company Ltd - Sandown, South Africa has client: Kimberley Mine - Kimberley, South Africa has client: Kingtel Granite - Belfast, South Africa has client: Kleinkopje Colliery - Witbank, South Africa has client: Kloof Division - Westonaria, South Africa has client: Koornfontein Colliery - Blinkpan, South Africa has client: Kroondal Platinum Mines Ltd - Pretoria, South Africa has client: Lebowa Platinum Mines Ltd - Atok, South Africa has client: Lonmin Plc - Bryanston East, Johannesburg, South has client: MAC Consulting (Pty) Ltd - Rosebank, South Africa has client: Maluti Resources, South Africa has client: Man-Dirk Mining and Engineering Supplies, South Africa has client: Matjhabeng Gold Mine - Welkom, South Africa has client: Meshrite (Pty) Ltd - Randfontein, South Africa has client: Metorex Ltd - Johannesburg, South Africa has client: Micofin Resources (Pty) Ltd - Houton, South Africa has client: Middelburg Mine Services (Pty) Ltd - Middelburg, South Africa has client: Mine Mechanisation and Equipment Cc - Carletonville, South Africa has client: Mine Support Products - Vereeniging, South Africa has client: Mineralco, South Africa has client: Mondi Mining Supplies, South Africa has client: N&M Mining Supplies, South Africa has client: New Concept Mining - Alrode, South Africa has client: New Diamond Corporation, South Africa has client: New Hope Mining, South Africa has client: Nkomati Mine - Machadodorp, South Africa has client: Northam Platinum Ltd - Johannesburg, South Africa has client: Oldenburg Stamler (Pty) Ltd - Germiston, South Africa has client: Open House Management Solutions, South Africa has client: Optimum Colliery - Pullenshope, South Africa has client: Palabora Mining Company Ltd - Phalaborwa, South Africa has client: Potgietersrust Platinums Ltd - Johannesburg, South Africa has client: Power Support Specialist (Pty), South Africa has client: Powerfill - Carletonville, South Africa has client: Pretoria Portland Cement Company Ltd - Sandton, South Africa has client: Protekon Design Services - Johannesburg, South Africa has client: Qualitec Engineering Cc - Johannesburg, South Africa has client: Randfontein Estates Limited - Johannesburg, South Africa has client: Ridge Mining (South Africa) (Pty) Ltd - Barberton, Mpumalanga, South Africa has client: Rocbolt Products (Pty) Ltd - Kempton Park, South Africa has client: Rockeng Cc, South Africa has client: Rons Hydraulics, South Africa has client: Rossing Uranium Ltd - Windhoek, Namibia has client: Rustenburg Platinum Mines Limited, South Africa has client: Sappi Ltd - Johannesburg, South Africa has client: Savuka Gold Mine - Western Levels, South Africa has client: Seabourne Investments (Pty) Ltd, South Africa has client: Semane Consulting Engineers (Pty) Ltd - Marshalltown, Johannesburg, South Africa has client: SGP Cc, South Africa has client: Sishen Iron Ore Company (Pty) Ltd - Kathu, South Africa has client: Spero Group - Centurion, South Africa has client: SRK Consulting - Illovo, Johannesburg, South Africa has client: SRMC, South Africa has client: Standard Bank London Limited - London, England has client: Steeledale Mining Division - Witbank, South Africa has client: Strocam Mining Supplies (Pty) Ltd, South Africa has client: Structured Geotechnical Processing, South Africa has client: Success Africa Holdings Ltd, South Africa has client: Summit Associated Industries - Pretoria, South Africa has client: Super Support Bags (Pty) Ltd, South Africa has client: Tati Nickel Mining Company (Pty) Ltd - Francistown, Botswana has client: Technikon Withingyersrand - Doornfontein, South Africa has client: Thabazimbi Iron Ore Mine - Thabazimbi, South Africa has client: The Mineral Corporation - Cramerview, South Africa has client: The Oaks Diamond Mine - Swarthingyer, South Africa has client: Timrite (Pty) Ltd, South Africa has client: Tiomin Resources Inc - Toronto, Ontario, Canada has client: Tiomin Resources Inc (Kenya) - Diani, Ukunda, Kenya has client: Total Coal Holdings SA (Pty) Ltd - Braamfontein, South Africa has client: Triple O Import and Export, South Africa has client: Tweefontein United Collieries Ltd - Coalville, South Africa has client: Umgeni Water - Pietermaritzburg, South Africa has client: Union Section - RPM - Swartklip, South Africa has client: Unique Engineering - Boksburg, South Africa has client: University of Minnesota, South Africa has client: Venetia Diamond Mines (Pty) Ltd - Messina, South Africa has client: Videx Mining Products - Johannesburg, South Africa has client: Wagriman Cc - Pretoria, South Africa has client: Welprop Mining Services (Pty) Ltd, South Africa has client: Western Deep Levels Ltd - Johannesburg, South Africa has client: Windsorton Diamonds, South Africa has client: Zimbabwe Mining & Smelting Co. (Pvt) Ltd - Harare, Zimbabwe has shareholder: Snowden Mining Consultants - West Perth, WA, Australia
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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In March 2004, the entered into an option to purchase agreement with Nevada Minerals, Inc. to potentially purchase property located in Lincoln County, Nevada for a purchase price of $2,000,000. This property contains a mining and milling operation and was formerly operated by Union Carbide Company. Union Carbide vacated the land on or about 1989. The milling and mining operation there continued under the direction of New Concept Energy, Inc.-the present owner. The Company paid a $10.00 consideration for this option to purchase agreement. The consummation of the Company's purchase of this property is contingent upon Nevada Minerals successfully completing foreclosure on the property against New Concept Energy. Should the amount in arrears on the property be paid prior to foreclosure, or if other unspecified legal barriers exist, then the option will be null and void.
The Company intends, should it acquire the property after foreclosure, to operate a milling and smelting operation to process raw ore into gold and silver. The Company intends to operate as an independent contractor that will supply these milling and smelting services to third parties who possess ore and need milling and smelting services. The ability of the Company to proceed with this venture is contingent upon the foreclosure of the property, and there is a substantial risk that this foreclosure will either be dismissed due to satisfaction of the amount of money in arrears or other unforeseen legal barrier. Another significant risk is the need for funds to implement this purchase agreement and operate the mining and milling services. Presently, the Company does not have sufficient funds to execute this plan, and without successful debt and equity financing-both of which are uncertain-the ability of the Company to execute this business is in significant doubt.
In March 2004, the Company issued 5,800,000 shares of preferred stock for a total cash consideration of $116,000 through a private placement memorandum ("PPM"). The PPM allows the Company to sell a maximum of 10,000,000 shares of preferred stock at $0.02 per share~ http://biz.yahoo.com/e/040419/ucad.ob10ksb.html
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
The ability of the Company to proceed with this venture is contingent upon the foreclosure of the property, and there is a substantial risk that this foreclosure will either be dismissed due to satisfaction of the amount of money in arrears or other unforeseen legal barrier. Another significant risk is the need for funds to implement this purchase agreement and operate the mining and milling services. Presently, the Company does not have sufficient funds to execute this plan, and without successful debt and equity financing-both of which are uncertain-the ability of the Company to execute this business is in significant doubt. This may be why we saw the British deal go through earlier this week.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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Oretech Inc. (OTCBB:TVYG and, effective April 24, OTCBBRTE) announced today they have signed an LOI (Letter of Intent) with Juina Mining Corp. (OTCPK:GEMM) to begin an acquisition process by Oretech Inc. As part of the proposed transaction, the acquisition will be effected through a fully reporting 12G Nevada corporation of Oretech's, which will allow Juina Mining to become a wholly owned subsidiary.
Steve Cummins, CEO of Oretech Inc., commented, "The objective of this acquisition is to ultimately position the public company so that it can meet the listing requirements of a higher exchange. We feel the primary benefit of this relationship, when closed and becomes effective, would be the ability to capitalize on the diligent effort that Juina has initiated in Brazil and maximizing the development opportunities there. If this transaction is consummated, we will have a strong team of mining and business professionals on board, a proven reserve base, and we will focus our efforts and all of our available resources on creating a solid revenue base, a consistently profitable bottom line and maintaining shareholder value."
James McFadden, CEO of Juina Mining Corp., commented, "We are pleased to have this opportunity, as we move into the next phase of our growth, and to soon be able to avail ourselves of Oretech's distinguished board and management team. Their team of mining and business professionals are what we've been actively looking for since day one, and we are extremely excited that Oretech will be providing us their expertise and strong market ties within the mining industry."
The formal closing for the acquisition is set for April 25, 2003. Further details will be forthcoming when available.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Sugarpaw Let me see.....can these dots be connected??? « Thread started on: Today at 02:55am » -------------------------------------------------------------------------------- I will cut n' paste from these links versus posting the whole PR's but you can click the links and verify the info.
Rendall Williams was the former CEO of Barrington Foods now UCAD, this we know. Who was the investor relations person for Barrington Foods? Princeton Research and Mike King. Do a google search to verify. Who is the investor relations person for RAMO? Hmmmm....Princeton Research and Mike King.
What do Mike King (is this the same Michael King) and G.W. Walters have in common? Do a corporate search on BBX Equity Group http://sos.state.nv.us/begin.asp
Now we know that BBX has worked with Barrington Foods before, ie. Rendal Williams. Is it any co-incidence that Mike King, G.W. Walters and Rendal Williams are all currently associated with the same piece of property? Can these dots be connected? Any thoughts? Sugarpaw
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
"Chairman Casavant is also proud to announce the appointment of world renowned economist, Mr. Mike King to the Executive Board. Mike King has written many analyst reports on several different mining companies in Canada, more specifically diamond mining companies, including the famous Mountain Province Mining Company. He is currently in the process of constructing a business plan for our core business, created as a result of all the drilling and excavation to be done." http://www.findarticles.com/p/articles/mi_m0EIN/is_2002_Nov_27/ai_94659909 good dd sugarpaw, i didnt know he was also involved in those companies http://cmkxdiamond.********s32.com/index.cgi?board=general&action=display&num=1093161071
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Author Topic: Dr. D's newest (Read 82 times)
hxpe Dr. D's newest. « Thread started on: Today at 07:47:44 »
-------------------------------------------------------------------------------- weekend reminder and heads up « Thread started on: Aug 21st, 2004, 1:08pm »
-------------------------------------------------------------------------------- I apologize that this is relatively long.
I would like to bring a heads up to everyone hanging around over the weekend. A lot of hopes were set on the 20 Aug 2004 record date of CMKX, but as I said 2 weeks ago hopefully preparing investors for the real possibilities beyond the hypsters about an O/S, a MM’s cover, a PPS jump etc by the 20th of Aug…
These hypsters will go underground temporarily, but will arise again with their hype and pump. I believe in realistic speculation and I guess I am as confident and positive on CMKX or more so than the next investor. But building these false hopes on ridiculous hype and speculation is doing damage to investors hope and confidence. We all hang on waiting for the next PR and then it comes out and the hypsters run with it. Let reason and wisdom be your guide.
As I mentioned a few weeks ago the MM's don't have to cover any NSS position on CMKX as long as they match the dividend payments to the NSS position that is paid by CMKX to the O/S. As long as they match the dividend to the NSS position no one will know what is going on. Whether it is UCAD, GEMM or CIM the NSS covering by the MM's could be in dividend form and not in actual settling the naked short sell position on the CMKX share. Meaning that the dividends would be paid by the MM's, if they can, but they would still owe the naked short share to the investor at some future date and time. With the UCAD shares being restricted a NSS position on UCAD could be a possibility seeing they can't actually be traded for 1 year. Yes this is possible and worth the risk to the MM’s if the NSSP is huge.
There is the possibility that the MM's could match the dividends, but the dividends themselves should cause the PPS to rise somewhat. The UCAD bare minimum dividend would make the per share price value rise 20.9% or in our case .0001. Also remember that the dividends could come with restrictions such as a non payment to CMKX restricted share holders thus increasing the UCAD dividend to the shareholders in the TRUE FLOAT, whatever number that is. The details have not OFFICIALLY been released as of yet. What that means is that all CKMX shareholders with restricted shares, mostly insiders, would be withdrawn from receiving the dividend and the remaining shareholders would receive the entire 7.5 million shares. This is always a possibility until the distribution of the dividend takes place.
For instance: if our entire O/S were say the speculated 483 billion and 400 billlion of these were restricted shares then the dividend could be paid to the remaining 83 billion shares. How would this change the MM's dilemma?
483 billion dividing up 7.5 million UCAD shares would be 15.5 UCAD shares per million of CMKX. So right now the MM's expect to pay 15.5 UCAD shares per million CMKX shares on their entire NSS position of which none would be restricted shares.
If the dividend restricted all restricted shares of CMKX from receiving the dividend then the UCAD shares per million would rise significantly.
83 billion CMKX shares dividing up the 7.5 million UCAD shares would = 90.3 shares of UCAD per million shares of CMKX. IF the MM's had 500 billion in their NSS position then they would owe 45,150,000 UCAD shares to their NSS position. If 400 billion in the NSS position then they would owe 36,120,000 UCAD. If 300 billion they would owe 27,090,000 UCAD. If 200 billion = 18,060,000. If 100 billion = 9,030,000. If 1 billion = 90,300 UCAD. At $6 per share for UCAD only 100 billion NSS position would cost the MM's $54,180,000 dollars. That same money the MM's would have to pay out on 100 billion NSS position dividends could actually buy over 135 billion shares of CMKX at its current price. Why would the MM's pay that kind of money and still owe the NSS position knowing that other divdends are following?
I understand as I'm sure most do that if the PPS began to rise because of the MM's covering their NSSP that the cost to actually cover the CMKX NSS position the MM's hold could possibly be higher than this initial calculation, but you can see the point. The question would have to be asked why the MM's are going to pay a UCAD dividend to CMKXers on the NSS position when they could possibly use that same money to cover those same NSS positions?
A logical answer would be that they are not going to pay the UCAD dividend because it only makes sense to cover the entire position for the same money. If they don't cover the NSS position on CMKX then this should tell us that the NSS position is extremely high possibly into the trillions and that it would be more beneficial for them to pay the UCAD dividend and try to make investors believe that there is no NSS position therefore no cover coming and the MM's would hope to shake 100 billion or more shares loose after the UCAD dividend. If the MM's pay the UCAD dividend to the NSS position, which will not be due until the distribution date, and the PPS stays low through the dividend, say .0004 or .0005, and many that had believed for the 20th being a MM buster could lose faith and sell.
Then immediately following the UCAD we have the CIM dividend that the MM's could also naked short sell since their is no market at this time for CIM. Remember these are electronic shares and the MM’s have the ability to make them real. The ones with certificates will get their CIM dividend shares directly from the company, but the share holders in Street Name will get their dividends electronically which can be NSS. This would be again a major gamble for the MM’s seeing CIM is private at this time and anything can happen.
If the MM’s somehow manage to get through the UCAD dividend and then possibly NSS CIM and in the meantime again hold down the CMKX PPS it will shake the CMKX investor tree and very possibly recover 100's of billions of naked short shares from CMKX investors.
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-------------------------------------------------------------------------------- Keep the faith. If you don't have it, get it, if you lost it, find it, If you don't know what it is, ask someone, but whatever you do keep the faith. CMKX is the means!
Posts: 57 Re: Dr. D's newest. Blessed Sunday to everyone! « Reply #1 on: Today at 07:48:17 »
-------------------------------------------------------------------------------- Gender: Posts: 586 Re: A weekend reminder and heads up « Reply #1 on: Aug 21st, 2004, 1:08pm »
-------------------------------------------------------------------------------- By this time they have saved billions of dollars and recovered 100's of billions of their NSS position. The PPS could still be low, .0004 or .0005, or possibly even falling by now. UCAD is behind us and CIM is on the way. The next dividend isn't due until Oct and the MM's will have 4 to 6 more weeks to work their magic and buy frustrated driven CMKX investors out at fractions of a penny unless they wake up and smell the MM B/S.
Until we have an official distribution date and the pro rata data then we will not know for sure the O/S or the difficulty that the MM’s are in. This could be 24 Sept if the CMKX distribution date reported by OTCBB and Pink Sheets is correct, or Oct 1, 2004 when the GEMM dividend is scheduled for distribution. As I pointed out the UCAD dividend could be paid and or possibly naked short sold by the MM's seeing that there is a one year restriction being placed on the dividend. I know some say UCAD can’t be NSS, but don’t you believe it. I understand that there is not enough UCAD in the float for the MM's to cover, but that is not full proof to stop a UCAD NSS nor for a NSS Position cover of CMKX shares.
I'm not saying this is going to happen and I am not hoping that this happens, but I am saying it is a possibility and we need to make ourselves ready. I am not an alarmist nor am I a negative thinker in the least. But I try and stay close to reality and sound possibility thinking, even when others think it is nonsensical.
The question I asked before I think needs to be asked again and that is if you are ready to stand the test? The scenario I presented could happen and already has partially been fulfilled! Would you sell if the PPs is still .0004 or .0005 into the first week of Septmeber? What if 2 dividends are past and no significant rise in the PPS, no O/S, no apparent cover by the MM's, and we have the MM's by the short hairs and no one knows it? Many could be turning on Urban and D. Roger Glenn by this time thinking that the NSS position was all B/S and dilution has been going on all the time.
How strong are you? Do you think you have looked at all of the angles? Will you stay long on CMKX no matter what?
Personally I believe that Urban and D. Roger Glenn are way ahead of the game and they will keep us on top of the situation behind the scenes if necessary (meaning no PR’s until absolutely necessary). The meetings have concluded and the dividends are coming in and eventually I have to agree that a cash dividend to squeeze the bejeezus out of the MM's would be sooooooooo SWEEEEEEEET. (Sorry about the caps)
I know that so many have been looking for this great rush to come on the PPS because of the pumped false info that the cover was being forced on the MM's by 20 Aug 2004. The PPS has been stalled for weeks and many are chomping at the bits already. Others not chomping are expecting a great rise in the PPS when the cover comes, but what if they don't see the cover in the next 6 to 8 weeks? What then? What if no O/S, no rise in the PPS, and no evident covering taking place in the 4 to 8 weeks? Where would you be?
The foundation of our position needs to be in the mining potential of CMKX and not a quick buck through a MM covering. It would be nice, but if you think you can make it happen with a few dividends, think again. if we have a low NSS position then we will see a cover in my opinion. But if it is huge as I firmly suspect that it is, then you had better hold on and get rooted in your position by the true potential of the company and you will stay in through the dividends, the MM cover of the NSS position, and through the CMKX mining discoveries and recoveries because that is where the true long term dollars will be.
We have important information ahead and I already have received emails from individuals that sold. I hope those that spun the roulette wheel and went out on the limb demanding that the O/S, MM cover, and PPS jump would come before the 20th of August have learned a valuable lesson. I know several that listened to them that have been discouraged and sold have learned a lesson.
We are all recorded for the UCAD dividend and I believe the least we can expect is a 20.9% increase on our CMKX portfolio as the 15.5 UCAD per CMKX million shares will eventually be added as a minimum. Do yourself a favor and do not sell unless you just have too. So much is ready to be announced and in my opinion will settle some important issues many have had in their minds.
This is just my opinion and I ask that you treat it as such.
Success is ours if we keep the faith!
[This message has been edited by noahltl (edited August 22, 2004).]
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Some people have questioned if there are any diamonds to be found in the area that are larger than micro diamonds. According to the Canadian publication: The Norhern Miner ... Mini-bulk sampling of 1,600 dry tons of kimberlite at Shore Golds (SGF-V) Star Diamond project in the Fort a la Corne area of Saskatchewan has yielded a significant number of large diamonds including a 19.7 carat stone. 1,459 diamonds of commercial size (greater than 1.18mm screen size) were obtained. This includedd 33 stones weighing greater than 1 carat. The four largest were 19.71, 7.48, 5.61 and 4.67 carats. Of the 1+ carat sized stones, 21 were classified as white (including the 19.7 carat stone) 7 as off white and the remainder yellows, browns, etc. ... So it shows that there are real diamonds to be found in the area, and CMKX has the largest land holding in the area.
Posts: 580 | Registered: Oct 2003
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posted
Everyone has been very busy this weekend. Sorry I have been gone. MDA Fundraiser. Noah thanks for all your research. Now if you dont mind I would like Noah and Glassmans OPINIONS on how everything ties together and what it means. No arguing please, just your honest opinions. Anyone else who might have a thought chip in. It seems like a tangled up web to me. Maybe you can help me sort it out.
Posts: 109 | From: Mulberry Grove, IL 62262 | Registered: Aug 2004
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posted
that dr. d seems to forget that u cant cover restricted common shares with unrestricted common shares. in paper form they are very differant. so it was either covered by the 20th or the mm's do not plan on covering forceing any shareholders that have naked shares to take legal action. mm's can not just make unrestricted shares of ucad restricted, it doesn't work that way. if you question this call your broker tomorrow. i'd also like to know if what both ameritrade and mytrack told me is correct. please if you call post the result here. thank you
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Tamie, we have so many players and so many pieces of the puzzle, that it is hard to see the picture until all of the parts come together. This is definitely a piece of the puzzle, but I can't see the whole picture yet. But whatever, it looks like a good deal for UCAD and that's gotta be good for shareholders.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Tamie, If you're looking for opinions, I'll throw one out. I think that CMKX will either dissolve itself or be absorbed into one of these other companies. It will happen after a number of stock dividends are paid out leaving the shareholders with stock in a number of different companies. The one to watch for is CIM or CMI. If they go public, Urbans brother Ron Casavant will be the president and this whole game could start anew. This is just my opinion, conjecture only, no basis in fact.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Actually, the more I think about it my hunch is they will declare bankruptcy and dissolve. I can't see one of the other companies absorbing them with the huge amount of shares they have outstanding.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Agreed, as well as what is probably negative shareholders' equity because of no positive earnings for years.
quote:Originally posted by Upside: Actually, the more I think about it my hunch is they will declare bankruptcy and dissolve. I can't see one of the other companies absorbing them with the huge amount of shares they have outstanding.
posted
Upside I don't disagree on the absorption theory. That's where I think all of the pieces come together. But bandruptcy of CMKX, that has been so thoroughly touted now on the race scene, tv and pr's, not to mention the "buzz" on Wall Street, would be such a PR disaster that the absorption company would never be able to live it down. I do put more belief in CIM being the final composite company. Like you, just a guess.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
A poster on another board is even suggesting that CIM is the London based Investment Company. As you look at the companies they are pulling together, one can see that they all tend to add a component needed by a successful diamond mining / marketing operation.
Here are the components that they listed:
Galaxy Minerals (GAXY)- Newport International Group – UCAD – Directview Inc. – Avenue Group – and Quintek --- to date have not found any others for this consortium—but they still have time to be adding others to this group. As you read the following info, think “is it useful to growing Csavant companies?”
Now to look at components--- Galaxy Minerals (GAXY) – mining co w/ 51% interest in 52 mining claims. Over 1,040 acres in AZ,
Newport International Group(NWPO) – diversified holding group <Grassroots Communication-GRCI &V-Link Solutions> interesting beginnings…. Too long for entry here…
UCAD --- ‘speaks for itself’ much on board …
DirectView Inc.(DRVW) – video communications sales & service, an aside w/ this one their IR guy is Jeff Robbins,Boca Raton, FL—I’ll get back to this pc., Agrmt to purchase Option Data Inc.
Quintek (QTEK) – very interesting corp data –info tech,retailing field- electronic retail sales & back office functions, web-based imagery
Avenue Group (AVNU) – another very interesting one for corp. data- started in cyberspace- entered OIL & GAS in Turkey thru subsidiary co Levi Mochkin, CEO
Aside from all going under the umbrella called “London Investment Trust” for preventing &/or protection against shorting their stocks, allows for growth, aids in getting to the big boards, infusion of mega$$$--- I think there is much more here than first meets the eye…
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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