posted
here is what stood out ot me in this article
Quite apart from the fact that Mr. Casavant and Mr. Williams previously approved the interview questions, it is not likely that Mr. Miller would press his guests on any issues that might trouble CMKM's faithful followers or dampen their enthusiasm for the pink sheet promotion or hinder the U.S. Canadian Minerals promotion, for that matter.
so dont expect any new info from this interview.
hardly an interview at all under these conditions.
also this passage spoke volumes as well.
The business of UCAD (U.S. Canadian Minerals) has been a slew of convoluted deals and swaps with virtually worthless pink sheet companies," the Stocklemon report states. Mines and money have been swapped between them all, but it still leaves shareholders with no real value. The mines have no proven success; you can shuffle worthless entities around all day long, but at the end of the day you still end up with nothing, regardless of share price."
but you can close your eyes to these facts as well.
we will not be reporting by the interview.
i would be surprised if they ever go reporting. they have to much that they dont want to go public with. especially the outstanding share count.
posted
Question? If this has been covered before please forgive me.
The original purchase of Juina Mining Corp. was 95,502,027 share representing 25% of Juina's O/S. So, the O/S was 382,008,108 (95,502,027/.25). Now the new O/S would be 477,510,135 (382,008,108 + 95,502,027).
However, the recent additional purchase of 127,336,036 was stated as being 24% (in the old pr) which is an O/S 530,566,816 (127,336,036/.24).
The difference between 530,566,817 and 477,510,135 is 53,056,682 or exactly 10% of 530,566,817 round up.
Any thoughts on where this other 10% can from?
(hope my math is correct)
From old prs... 7/29/2004 2:26:00 PM LAS VEGAS, Jul 29, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has purchased common stock equating to 25% of the outstanding shares of Juina Mining Corp. (Pink Sheets: GEMM) for $500,000.
In addition, GEMM has issued an option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000.
8/2/2004 1:05:00 PM LAS VEGAS, Aug 2, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has elected to distribute the 95,502,027 shares of Juina Mining Corp. (Pink Sheets: GEMM) which were recently purchased by the company as a dividend to its shareholders.
In addition, GEMM has issued a 60-day option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000 USD. When exercised, the company has elected to distribute this additional 127,336,036 as a dividend on the same record and distribution date.
0.00012267 announced factor for 95,502,027 shares. 0.00016356 expected factor for 127,336,036 shares
[This message has been edited by safeguard (edited October 18, 2004).]
[This message has been edited by safeguard (edited October 18, 2004).]
posted
Upside (or anyone) How do you find out the A/S? Somebody called state of NV before. Can you post the number or call them up again? Thanks
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posted
775-684-5708. Whoever answers the phone will tell you. Just tell them you want the authorized share count of a Nevada corporation. They'll ask the name, just remember to tell them CMKM Diamonds, not CMKX. They might laugh a little (they did with me) because apparently they get quite a few calls about them. Let us know what they say!
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posted
we keep hearing about getting results from carolyn or the one we got, 2 flakes of diamond but the truth is we can't expect much from these drilling tests. think about it...from shore gold i think it said they had great results finding 17 to 20 carats per tonne of bulk sampling. lets use 20 carats and for 1 tonne lets say the bed of a pick up truck full & level with the bed top now take 20 - 1 carat diamonds (about the size of a lima bean) and mix that into the pick up bed. now look out your window and picture 400 ft down stacking 20 of these pick up beds on top of each other, ten stacks across & 10 stacks each way now take something the size of your wrist & drill it down into these stacks of pick up beds remembering you have 300 ft deep of dirt before you hit those pick up beds. how many of those diamonds do you think you might hit? i think if you hit any of the diamonds it would be lucky. even if you broke those 1 carat pieces into 10 pieces each. what i'm saying is expecting any real results giving these claims any kind of valuation with 2 1/2 inch drill samples is foolish. not till they find a likely spot & do bulk sampling will any kind of valuation be done & thats at least a yr away if not 2 or 3 yrs.
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posted
The state of Nevada can tell you how many shares have been authorized. probably 800 billion or near. however they will not tell you how many that are outstanding, in the float, or retired. could be 800 billion o/s could be 400 billion no way to know for sure since this is a pink sheet.
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posted
Thanks for the visual Bill! I can "see" now.
quote:Originally posted by bill1352: we keep hearing about getting results from carolyn or the one we got, 2 flakes of diamond but the truth is we can't expect much from these drilling tests. think about it...from shore gold i think it said they had great results finding 17 to 20 carats per tonne of bulk sampling. lets use 20 carats and for 1 tonne lets say the bed of a pick up truck full & level with the bed top now take 20 - 1 carat diamonds (about the size of a lima bean) and mix that into the pick up bed. now look out your window and picture 400 ft down stacking 20 of these pick up beds on top of each other, ten stacks across & 10 stacks each way now take something the size of your wrist & drill it down into these stacks of pick up beds remembering you have 300 ft deep of dirt before you hit those pick up beds. how many of those diamonds do you think you might hit? i think if you hit any of the diamonds it would be lucky. even if you broke those 1 carat pieces into 10 pieces each. what i'm saying is expecting any real results giving these claims any kind of valuation with 2 1/2 inch drill samples is foolish. not till they find a likely spot & do bulk sampling will any kind of valuation be done & thats at least a yr away if not 2 or 3 yrs.
posted
2 and 1/2 inch are you being sarcastic. You would be lucky to find anything in a 2 1/2 hole. maybe a worm or two if your lucky. why such a small sample?? why not get a bigger sample?
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posted
Bill, I agree that the chances seem pretty remote but apparently that's the way it's done. I believe that's how the other companies started out also. It appears that's the first step in identifying a target for bulk sampling.
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posted
Thanks Upside. I just called them, the lady answered like she already knew the question Its 800B as of 8/18.
Anybody got CIM divy?
quote:Originally posted by Upside: 775-684-5708. Whoever answers the phone will tell you. Just tell them you want the authorized share count of a Nevada corporation. They'll ask the name, just remember to tell them CMKM Diamonds, not CMKX. They might laugh a little (they did with me) because apparently they get quite a few calls about them. Let us know what they say!
posted
TruthTeller, That's the same information I got a few weeks ago. I asked her if there could possibly be an increase pending that she wasn't aware of and she did say that they are about a month behind in loading all of the information into the computer so it could have been increased and she wouldn't know about it yet.
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posted
i too wonder about the thinking in drilling 2 1/2 inch holes. its not like your looking for a huge chunk of diamond to hit. but if they drill 15 to 20 holes in a 50 sq/yd by 50 sq/yd area they could find enough to pick a place to bulk sample. i'm sure they aren't looking to find the hope diamond in these samples or even a nice tennis braclet.
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--About JEFF and EFGI always top on ASK (alone most of the time),it looks like They are NSSing CMKX (for pumpers) UC is dumping billions via JEFF/EFGI (for bashers)
--About the dividends
Of the 3 dividends announced so far, only UCAD has some value (even after the restriction).. Why dividends??
Pumpers think the dividends will force MMs cover CMKX, pumpers are so optimistic that MMs will cover the dividends and CMKX..
Bashers think the whole thing is a scam, not a scam that takes UC to jail thoough but a legal scam (oxymoron?). I put myself in bashers' shoes and thought about the dividends and here is my theory, I hope I am wrong in the end because I have 10M of CMKX.
1. First CMKX announced/distributed UCAD divy which is a OTCBB stock. We know if insiders buy/sell their stock. The stock price went up (pumpers and bashers have their own reasons for this, I haven't heard any basher reasoning tho)
2. Then We have CIM which is really useless now. Pumpers say this will force cover. I don't think so as the ratio for this gives a O/S of 1.5T (not 779B).
3. Then we have GEMM (2 times0. I think this is where UC (and co.) getting lots of money (on top of what they already got). CMKX shareholders are going to buy GEMM on the anticipation of a move (like UCAD). What if GEMM dumps shares on to market as there is demand, we don't know since this is a pink sheet company. What UC can do is dump billions of CMKX and drive these other stocks (UCAD, GEMM, SGGM etc.) up at the same time. who owns those other stocks??
--About RG Pumpers say RG is for the shareholders Bashers say RG is for UC (only)
posted
Where did all these UCAD shares come from again? Just 5% of CMKXs' mineral rights? Do you think that was just for UCADs' health? I don't, and I think there's probably something behind that divvy.Just don't know what.
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from 800 billion to 80 million!!!!!??????? that means only wwjd has real shares all the rest of us have naked shorted shares...lol. for that to happen it would be a 10,000/1 rs or in simple math 1 million shares become 100 shares. i think there would be a few ppl looking to bring stoning back into the law books & i dont mean smoking too many buds.
posted
I just receive this info in my bank account: 128,000 - CMKM DIAMONDS INC TENDER OFFER SPINOFF ON 5000000 SHS FROM CMKM DIAMONDS INC payable october 20th but no symbol. I was out of the country. For what stock exactly do I receive shares?
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quote:Originally posted by Forrestgump: I just receive this info in my bank account: 128,000 - CMKM DIAMONDS INC TENDER OFFER SPINOFF ON 5000000 SHS FROM CMKM DIAMONDS INC payable october 20th but no symbol. I was out of the country. For what stock exactly do I receive shares?
[This message has been edited by TruthTeller (edited October 19, 2004).]
posted
CMKM Diamonds, Inc. Announces the Success of Its Integrated Business Plan Goes Into Effect in Ecuador 10/19/2004 9:30:00 AM
PORTOVELO, Ecuador, Oct 19, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) headed by its CEO Urban Casavant and his advisory team accompanied by the company's SEC attorney Roger Glen successfully concluded the major ownership acquisition of the established American Mine here in Portovelo today. CMKM Diamonds and its operating partner Minera Nevada SA a subsidiary of Nevada Minerals, Inc. of Las Vegas, Nevada will manage a major corridor of gold production inside this region. The current yield coming through the American Mine is 40 tons of gold ore on a daily average. Alejandro Diaz, president of Minera Nevada SA exclaims, "Within the next 6 working weeks the production will raise to a steady 80 tons of gold ore per work day as we start our second shift of underground mining team." Diaz continues, "All will be done to ramp the mining production to complete our obligations to Yellow river and US Canadian Minerals, Inc. for their addition of two additional mills to Yellow River and the new production facility of the Buza coming on line over the next 90 days to build up to 300 tons of gold ore processing per day to satisfy the volume increase of the American Mine build up of production."
The advisory team had members from legal, accounting, operations and feasibility to assess all probabilities on expansion and further development of other opportunities from CMKX, UCAD, and Nevada Minerals. The team was introduced to the on ground executive team that will lead the way through the start up phase one process. US Canadian Minerals CEO Rendal Williams explains, "UCAD has considerable time and dollars invested here in South America, especially Ecuador. We believe there is a major shift of technologies that this region has been starving for and we as UCAD plan to lead the way and share this knowledge with those who wish to expand their current ore production."
The American Mine sits inside the Zaruma-Portovelo Mining District. This district has a recorded historic production of more than 4.5 million ounces of gold and 19 million ounces of silver, as well as significant tonnages of copper, zinc and lead concentrates.
The American Mine located in Portovelo, Ecuador consists of a 100 ton hoist system that will from up to the depth of one of its 13 levels, deliver gold ore to the surface to a 35 ton drop shoot that will be supported by a jaw crusher and a cone crusher to minimize processing time for expedited production flow at the Yellow River Processing Plant. Urban Casavant CEO of CMKX said, "Through the combined efforts of all the parties in this venture we have gathered a new frontier for the well being of our shareholders and company alike. The company will be moving rapidly into a revenue model here in the fourth quarter."
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 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. 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.
CMKM Diamonds Inc. Diamonds Hotline: Melvin O'Neil, 306-752-3755 or 877-752-3755 Fax: 306-752-3754
Copyright (C) 2004 Business Wire. All rights reserved.
quote:Originally posted by Forrestgump: I just receive this info in my bank account: 128,000 - CMKM DIAMONDS INC TENDER OFFER SPINOFF ON 5000000 SHS FROM CMKM DIAMONDS INC payable october 20th but no symbol. I was out of the country. For what stock exactly do I receive shares?
That is your Casavant International Mining shares. 128,000/5,000,000 = 0.0256.
From http://www.otcbb.com/asp/dividend.asp?sym_id=cmkx ...(payment date 10/18) Refer to the D/L of 8/30/2004, P/D revised by Co. .0256 of a restricted share of Casavant International Mining for each share held. Will not be quoted Ex.
[This message has been edited by safeguard (edited October 19, 2004).]