quote:

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Originally posted by bill1352:
i'm still guessing no news till after the gemm shares are paid except maybe a pr stating they took the option on the rest of the gemm shares. i'm wondering and i have looked but no legal answer found yet...can cmkx change the shares given on CIM without a pr stating so. i don't think a pr is legally binding. as there is no otc bb post on gemm as yet and if things follow suit it will work out to a third o/s. and since the pay date is 3 weeks give or take an explaination of the differance might be nice. since cmkx doesn't seem to have any plans of telling us it might help if we knew if they can change the amount without telling anyone. 20 billion shares fits all the info we do know for sure. the a/s of 800 billion and a few shares differance for 11 trading days. that is if each shares owned has been counted for each x-date. any facts found either way would be welcome.

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U.S. Canadian Minerals Inc. Receives $3,000,000 of Funding
September 08, 2004 05:30:00 AM ET

U.S. Canadian Minerals Inc. UCAD announced today that it has received $3,000,000 of funding via a private placement.

Rendal Williams, CEO of UCAD, stated, "This funding will allow the company to move forward on several fronts in the execution of its current plans and future development of the company's financial growth as dictated by the board of directors."

A U.S. Canadian Minerals Inc. executive team, with other strategic partners, will arrive in South America this week to explore the development of several key acquisition possibilities that have been targeted on previous trips. Williams further stated, "Many of the due diligence packages are nearing completion, revealing incredible potential results, which demands an additional research trip to conclude the feasibility of Level 1 priority for expanded operations inside South America."

quote:

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Originally posted by noahltl:
This info just came across PalTalk - Bill Giebelhaus of SGGM is President of Clark Builders in Yellowknife. That company received the contract to build the Ekati mine.

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Excuse my ignorance but what is the "Ekati" Mine and who owns it?

Thanks

CONFIRMING DR. D's NUMBERS!

CMKX to quickly become a major player...

The post below backs up Dr.D's post (and the numbers used).

Dr. D's post is at:

"$1.94 Trillion dollars profit after cost (CMKX HALL OF FAME) http://cmkx.********s35.com/index.cgi?board=greatposts&action=display&num=1092188295&start=0

Posted by: Bo14172
In reply to: None Date:8/7/2004 4:45:32 PM
Post #of 7950

Confirming Dr. D's post:

Pefect Storms, Arks, Mt Saint Helens...etc, etc, etc.
Tons, carats, grams, calcualtions, figures...
From Sterling's no O/S post to now his mega O/S post. Zen and Dr.D have people going into withdrawls if a daily post isn't logged. Tales and bedtime stories seem to calm the masses, which I guess helps keep the base. Whatever floats your boat I guess..lol

However, the only way slow sustained longterm support is keeping it real during good times and bad. Early last week had many silenced and no where to be found after a certain pr was released. Putting in focus wasn't a problem for me during that time.

Keeping it constructive to the issues at hand, with fresh DD on the market and the industry, along with perspective from 20+ years in business, law and investing is what I try to bring in order to "keep our feet on the ground while reaching for the stars".

I'm sure as many doubted the figures in Dr.D's recent post, as accepted his premise blindly. Those who doubted his figures
questioned the 2 most fundemental point of his post:

1) 0.5 carat/ton of kimberlite.

2) 1/2 mile diameter pipe will contain 1 billion tons of
kimberlite.

Here's why his post is both accurate and conservative in his projections.

In looking at the history of BHP, who were the pioneers in Canadian Diamond Exploration, we find this (I'll post the link, then an excerpt from the text):

Link: http://ekati.bhpbilliton.com/news/28051998.asp

Excerpt from the text:

"Pipe Kimberlite Metres Drilled Est. Dry Tonnes Kimberlite Sampled Total Carats Recovered >1mm Sample Grade Carats/Tonne
Koala North 1075 201.7 126.58 0.63
Beartooth 1020 189.3 227.09 1.20

Commercial valuation of these samples was made in Antwerp in May. The average sample value of Koala North was $200 US per carat. Approximately 77 per cent of the value is due to three gem quality stones ranging in size from 3.26 to 5.41 carats. The average sample value for the Beartooth pipe was $79 US per carat. These figures are 10 per cent less than the average prices reported by dealers and valuers, which has been the joint venture's customary reporting practice when values are based on dealer sales prices.

Both of these pipes are relatively small, however, they are close to the mining area currently under development. The Koala North pipe is located within Koala Lake and has a surface area of approximately 0.6 hectares. The Beartooth kimberlite is situated 900 metres north of the Panda pipe and has a surface area of approximately 1.0 hectare. Reserve modeling is in progress on both pipes."
_________________________________________________________________

I apologize I couldn't copy the graph as it is illustrated in their site, but the key numbers I want you to focus on are easily seen.
Look at the Carats/Tonne figures for both sites: .63/tonne and 1.20/tonne. Why are these figures important?

1) Note what BHP states about these sites. They state both of
these pipes are "reletively small". Thus...

2) Dr. D's .5 carats/tonne is not only an accurate figure to
base his valuation model, it is indeed a conservative number!

Need further proof on the 1 billion tonnes of kimberlite?

Let's roll the clock ahead to what is happening in the area. Here is a quote from Shore Gold's site regarding the Star Diamond Project:

"The geophysical signature and early stage drilling have indicated a kimberlite body in the 500 million tonne range. Shore is currently undertaking a 25,000 tonne bulk sample to better determine carat values." http://www.shoregold.com/sdp.html
_________________________________________________________________

500 million tons in the Star Project alone. And how many claims and acres do we own or control? : )

Currently Shore is using a 14.5 meter diameter exploration shaft in their BULK MINING efforts. We are now drilling VERY close to the Star Project.

Let's now look at our other neighbor, Debeers/Kensington #122:
http://www.kensington-resources.com/s/Property.asp

* They estimate 9 billion tons of Kimberlite in their claims.

* Diamond recovery from Kimberlite 122 also was very positive
with stone abun****** for the north and south part of the body
ranging from 2 to 7 times higher than historical results. A
total of 327 stones were recovered from 412.65 kg of
kimberlite including 6 macrodiamonds greater than 0.5 mm.
_________________________________________________________________

So, if there is 9 billion tons of kimberlite over the small acreage they own or control, I think it is safe to say we have at least that tonnage in over 100 anomalies and almost 2 million acres of claims!

Finally, note in BHP's information, Shore Gold's information, and
Debeer's/Kensington's information...ALL INVOLVE BULK SAMPLES!

Our test drilling will tell us if we can proceed to BULK SAMPLE STAGE. We are all 100% sure our future is very bright. But to believe we are going to pull out diamonds the size of river rocks during a small bore test drilling, is setting us up for what occured at Carolyn. However, what is exciting is the location of our new site in relation to Debeers and Shore Gold, and it is the first of many sites being explored from the guidance of the Goldak survey. This survey my friends is the key to our valuation at this point as much as our current drilling efforts. Both the survey and our finds offer many opportunties for CMKX to quickly become a major player in this area.

So in this case, read Dr.D's post knowing the base figures in his analysis are indeed conservative. Be well, Bo
http://www.investorshub.com/boards/read_msg.asp?message_id=3755635

Logged

The year was 1985. On a frozen plateau in the Lac de Gras area deep in the icy Canadian north, geologist Chuck Fipke found diamond indicator minerals. The hunt was on. His story and that of his prospecting partner, Stewart Blusson, led to the discovery of Canada's first diamond mine. EKATI.

Many scoffed at the idea that diamonds existed in this frozen, seemingly barren landscape. It took imagination, vision and dogged determination to continue the quest. The odds were long. The resources short.

The details involve vast territory, huge distances, brutal winters and one of the most sensitive ecological environments on the planet. In scientific terms it involved the challenge of discriminating between the hidden kimberlite pipes that bore diamonds and those that didn't. This was unknown territory in every sense of the word.

No one believed that any important diamond deposits would be found in Canada. And if they were, people felt that getting them up from this frozen ground would prove another impossibility.

The trail of kimberlitic minerals pointed to sources near Lac de Gras, about 300 km from Yellowknife. That's where Fipke and his crew staked their first claims.

Dia Met along with BHP, a world leader in mining and together owners of the EKATI Diamond Mine™, sent a group of geologists and geophysicists to conduct ultra sensitive surveys. These would lead to the ultimate discovery, its impact felt throughout the world.

A core hole was drilled right under the lake. 400 feet of barren wallrock later the hole penetrated the first kimberlite pipe. The 59 kilograms of core from the hole was found to contain 65 microdiamonds and 16 macrodiamonds.

Several years of intensive exploration led to the discovery of dozens of new kimberlite pipes on the property including the Panda pipe. Not only did the Panda pipe contain high grades of diamonds, it contained remarkable diamonds, characterized by beautiful, exceptionally white stones.

After 15 years of determination, teamwork and talent, Canada's first and only diamond producing mine is now a reality.

Every AURIAS diamond carries this legacy of passion, strength and unwavering optimism.

quote:

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Originally posted by noahltl:
Meatlciff:

The year was 1985. On a frozen plateau in the Lac de Gras area deep in the icy Canadian north, geologist Chuck Fipke found diamond indicator minerals. The hunt was on. His story and that of his prospecting partner, Stewart Blusson, led to the discovery of Canada's first diamond mine. EKATI.

Many scoffed at the idea that diamonds existed in this frozen, seemingly barren landscape. It took imagination, vision and dogged determination to continue the quest. The odds were long. The resources short.

The details involve vast territory, huge distances, brutal winters and one of the most sensitive ecological environments on the planet. In scientific terms it involved the challenge of discriminating between the hidden kimberlite pipes that bore diamonds and those that didn't. This was unknown territory in every sense of the word.

No one believed that any important diamond deposits would be found in Canada. And if they were, people felt that getting them up from this frozen ground would prove another impossibility.

The trail of kimberlitic minerals pointed to sources near Lac de Gras, about 300 km from Yellowknife. That's where Fipke and his crew staked their first claims.

Dia Met along with BHP, a world leader in mining and together owners of the EKATI Diamond Mine™, sent a group of geologists and geophysicists to conduct ultra sensitive surveys. These would lead to the ultimate discovery, its impact felt throughout the world.

A core hole was drilled right under the lake. 400 feet of barren wallrock later the hole penetrated the first kimberlite pipe. The 59 kilograms of core from the hole was found to contain 65 microdiamonds and 16 macrodiamonds.

Several years of intensive exploration led to the discovery of dozens of new kimberlite pipes on the property including the Panda pipe. Not only did the Panda pipe contain high grades of diamonds, it contained remarkable diamonds, characterized by beautiful, exceptionally white stones.

After 15 years of determination, teamwork and talent, Canada's first and only diamond producing mine is now a reality.

Every AURIAS diamond carries this legacy of passion, strength and unwavering optimism.

[This message has been edited by noahltl (edited September 08, 2004).]

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quote:

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Originally posted by bill1352:
tradingpennies....they did give a number of shares and they gave an x-date sort of. all owners as of 7/19/04...it would be like GM releasing a pr saying everyone gets $2 and then sending $1 without saying so beforehand...it would be unethical but is it legal...the DTC count for CIM & UCAD dividends should be close not double. cutting CIM in half gives you numbers that are close. and how would the shareholders know, we can't count the shares given out any more then we can count the o/s. if UC takes CIM public he would have to start with 80 billion to keep 50% cutting the dividend in half cuts the starting a/s & o/s in 1/2 also. which in the long run isn't all that bad, if it ever goes public

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LOL Seems you knew the answer! Hmm ... now you have me wondering...

===========================================

SGGM active TX - 877 632 3133

HEADLINES: Saint George Metals Announces Stock Dividend

Warrenton, VA, Apr 21, 2003 (financialnewsusa.com via COMTEX) -- Saint George Metals (OTC: SGGM) announced today the issuance of a 3% stock dividend to shareholders of record of Saint George Metals on Tuesday, April 29, 2003. The payable date shall be May 2, 2003.

The Company also announced that it is undergoing a restructuring with the end goal of allowing Saint George Metals to acquire an operating company during the 2003 year.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

I received your email reply today about the 9/17/04 CMKX dividend. They have not yet released the exact details of this dividend, so while 1 share for 1 share was originally listed, this is not guaranteed to be correct information. They may update this with exact numbers once the date of the dividend is closer.

quote:

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Originally posted by kevy0899:
I just sent ETRADE a mail asking them to confirm or deny the 1/1 GEMM statement they made.. I will let you know the response.

[QUOTE]Originally posted by kevy0899:
[b]I have to admit... I was shocked too. But I am also new to this and didnt really know what to think. Thanks for the response.

[QUOTE]Originally posted by bill1352:
[b]kevy0899
Member posted September 07, 2004 15:08

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quote:

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Originally posted by bill1352:
thank ya kevy....sort of..lol. sure would be nice to have 2 million shares of a diamond company with a 222 million o/s...lol. our pps would be up around ucad numbers real fast.

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Now imagine that you and your neighbor agree that you are not trading junk at all, but valuable items of infinite worth. Does that make the items valuable?

CMKM Diamonds, Inc. (Pink Sheets: CMKX) has been on a trading spree. The Company, which has yet to uncover marketable diamonds or other revenue generating gems and ores, has been busy trading interests in its claims with other financially challenged mining companies. UPDATE: CMKM DIAMONDS, INC. - CONCENTRIC CIRCLES. In its search for a silk purse - or is that a diamond studded handbag - on September 2, 2004, CMKM announced a joint venture agreement with another struggling Pink Sheet company, St. George Metals, Inc (Pink Sheets: SGGM).

According to the September 2nd press release, St. George Metals has agreed to purchase a 5% interest in all of CMKM's mineral claims. In return, CMKM says it expects to receive $10,000,000 Dollars and two hundred billion (200,000,000,000) restricted shares of St. George stock. CMKM claims that it already has received the first $2,500,000 payment and anticipates three additional $2,500,000 payments by October 2nd.

The terms of this transaction place a rather curious valuation upon the assets of both companies. Investors can only guess at the value of St. George - or the state of its operations. The Company ceased filing public reports with the SEC in November 2002. When it last filed, St. George declined to provide detailed financial information, instead conceding that its "financial resources" had been "substantially exhausted" and that it had no ongoing business operations.

We have discovered no public information that would suggest St. George's fortunes have improved these past two years. The Company has not issued any recent press releases indicating new funding or renewed operations. Consequently, there is no way to determine how the financially exhausted company may have accumulated $10 million - or why it would devote such valuable resources to acquiring an interest in CMKM.

Despite this lack of information, investors responded to the CMKM announcement, driving St. George stock from $.01 a share on September 2nd to $.07 a share on September 3rd - a 700% increase for a Company whose financial condition and business remain a complete mystery.

The transaction also created a valuation for CMKM that is hardly supported by the Company's track record. If St. George was prepared to pay $10 million in cash, and deliver stock valued at $2 billion on September 2nd (and $14 billion on September 3rd) for a measly 5% of CMKM's mining interests, did that mean CMKM's claims were worth roughly between $40 billion and $280 billion?

That hardly seems likely. Remember, CMKM has yet to dig up any marketable diamonds.

The St. George alliance followed several similar swaps between CMKM and obscure mining companies searching for the mother lode - albeit unsuccessfully, at least so far. In one of those transactions, CMKM announced that it would sell 5% of its mining claims to U.S. Canadian Minerals, Inc. (OTCBB: UCAD) in exchange for 7.5 million shares of U.S. Canadian stock. UPDATE: CMKM DIAMONDS, INC. - SHARING SHARES. That sounds like a bargain, considering the price paid by St. George for a similar interest. The price of U.S. Canadian shares at the time of that deal was approximately $4.80 a share - CMKM practically gave away the 5% interest for a mere $36 million worth of stock.

Then again, where are the diamonds?

And there was more. CMKM also gave U.S. Canadian a one year option to acquire an additional 10% of CMKM's mineral claims for $15 million in cash. On July 27, 2004, CMKM announced that it had received $3 million from U.S. Canadian, representing a partial exercise of the option.

On the surface it seemed unlikely that U.S. Canadian would be able to come up with the necessary funds. Unlike CMKM and St. George, U.S. Canadian does file periodic reports with the SEC - the price it must pay to preserve its listing on the OTC Bulletin Board. Those reports suggest that U.S. Canadian faces considerable financial challenges. As of March 31, 2004, U.S. Canadian had $408 in cash, no current revenues, and concerns about its ability to continue as a going concern.

Matters hardly improved in the third quarter of 2004. As of June 30, 2004, U.S. Canadian had $1,321 in cash, no revenues, and cumulative losses of $17.7 million. So where did U.S. Canadian get $3 million - and why would it invest those precious funds in CMKM?

The answer can be found in U.S. Canadian's Form 10-Q financial report for the quarter ended June 30, 2004. According to the Form 10-Q, U. S. Canadian agreed to sell 600,000 shares of its stock to an unnamed party related to CMKM at $5 a share. The $3,000,000 received by U.S. Canadian from that transaction was then paid to CMKM.

In other words, an individual related to CMKM funded U.S. Canadian's investment in CMKM - just one more swap in this series of intriguing transactions.

And what of the money paid to CMKM by St. George? Was it raised in a similar fashion, by funneling shares to a "party" associated with CMKM? Unfortunately, in the absence of public filings, investors will have a difficult time finding the answer to that question.

But regulators should be able to get those answers - if only they bother to ask.

quote:

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Originally posted by Upside:
Anyone who has Paltalk should go there now! Melvin is singing in Sterlings classroom.

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quote:

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Originally posted by Wallace#1:
Man, is this thread dead!!! Where are all the fanatical protagonists? No fun at all.

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