posted
Gold is sitting at $418.00 US , They should be able to produce it at $165- $180 0z., depending on grade. The MMs cannot hold this down much longer...
Posts: 1637 | Registered: Apr 2004
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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?
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).]
posted
With the latest pr about buying a producing GOLD mined, why isn't the pps skyrocketing this morning??
Posts: 73 | Registered: Sep 2004
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quote:Originally posted by JEAL: Ok - what gives - this is kinda silly - no pps movement up or down
I am watching MyTrack, they show NO volume, however they show 970 trades....... It will be really interesting how this turns out in the future. Perhaps this is another IBZTE! Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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quote:Originally posted by JEAL: I am at work and have limited access to anything -
Do I underestand that there is no volume? Do you have Level II? WHo is where
If you could relay any of that, it woudl make my day a little brighter
Jeal, Since my last post I checked with Medved and they show volume over 365,000,000. Sorry, I can't help on Level II's. Who is where? I don't understand your question. Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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posted
Steve - Who is where - Sorry, shoudl have been a little bit more detailed. I was just asking where all the MM's were sitting on the bid and ask. History bing that NITE and JEFF were the big ones to hold it down, and typically when they moved, the rest of the world generally followed. Thanx
quote:Originally posted by Esteban: Jeal, Since my last post I checked with Medved and they show volume over 365,000,000. Sorry, I can't help on Level II's. Who is where? I don't understand your question. Steve
quote:Originally posted by JEAL: Steve - Who is where - Sorry, shoudl have been a little bit more detailed. I was just asking where all the MM's were sitting on the bid and ask. History bing that NITE and JEFF were the big ones to hold it down, and typically when they moved, the rest of the world generally followed. Thanx
It really baffles my feeble mind that a stock can trade 1100 times with a volume of 400,000,000 shares and the damn price stays the same!! Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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quote:Originally posted by safeguard: Interesting... Pink sheets show a Volume: 582,892,960 Ameritrade has: 5,518,315,523
A very big difference!
Pink sheets show a Volume: 582,892,960 <- this is the amount that has been bought. Ameritrade has: 5,518,315,523 <- this amount is the TOTAL amount of shares traded. (bought or sold).
quote:Originally posted by tradingpennys: Pink sheets show a Volume: 582,892,960 <- this is the amount that has been bought. Ameritrade has: 5,518,315,523 <- this amount is the TOTAL amount of shares traded. (bought or sold).
For every buy there is a sell and visa versa so the difference still doen't make sense - over 4.9 billion difference... the 1st # is only 10% of the 2nd #.
[This message has been edited by safeguard (edited October 19, 2004).]
posted
ameritrade has a volume of 5.7 billion (just under) and yes mm's do like to hold down a pps but when the o/s is 779 billion volume would need to be close to 50 billion to get any movement and 45 billion of that would need to be buys. buying the gold mine is a very good thing as it will be yrs before any mining starts in canada but unless cmkx can come out and prove that the o/s is not 779 billion without a huge r/s it doesn't matter.......... by the way only 2 more shopping days till sarki's .10 pps
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: ameritrade has a volume of 5.7 billion (just under) and yes mm's do like to hold down a pps but when the o/s is 779 billion volume would need to be close to 50 billion to get any movement and 45 billion of that would need to be buys. buying the gold mine is a very good thing as it will be yrs before any mining starts in canada but unless cmkx can come out and prove that the o/s is not 779 billion without a huge r/s it doesn't matter.......... by the way only 2 more shopping days till sarki's .10 pps
posted
Thank you for contacting us today regarding CMKX.
The company will be spinning off shares of Casavant Int'l Mining on at a rate of .0256, fractions being dropped. The record date was 8-31-04. This means your CMKX buy trades needed to settle on or before 8-31-04 in order to receive the spin off shares. The payable date was moved from 10-1 to 10-18. Ameritrade has not received any official information as to if the shares will be restricted. Casavant Int'l Mining is not a tradable security at this time.
At this time, the shares have not been delivered to Ameritrade. Once received, we will update your account.
If you have any questions and wish to contact us via e-mail, please log into your account and send your inquiry using the "E-mail Us" link which can be found in the navigation bar at the left side of any page within your account. Select the Reorganization & Dividend Inquiry Form.
Joy Busse Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
ya know i forgot all about that CIM pay date yesterday...hmmmm no naked short squeeze again??? and no word from cmkx on why the huge differance in the split figures compared to the o/s??? i'm shocked. at least they bought a gold mine and even then it didn't say what they used to buy it. lets hope is was that $10 mil. from sggm and not more shares of cmkx
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Baffled? What's baffling about it? 400,000,000 shares, divide that 780B, that's why. Divide the 5B traded all day by 780B, use 10B because the days only 1/2 over. The 10B volume would only be 1.2% of the O/S, if only half the 780B was float, it still would only be 2.4%, not hardly enough to move the PPS. Don't be baffled, this isn't a low float stock, to say the least.
quote:Originally posted by Esteban: [QUOTE]Originally posted by JEAL: [b]Steve - Who is where - Sorry, shoudl have been a little bit more detailed. I was just asking where all the MM's were sitting on the bid and ask. History bing that NITE and JEFF were the big ones to hold it down, and typically when they moved, the rest of the world generally followed. Thanx
It really baffles my feeble mind that a stock can trade 1100 times with a volume of 400,000,000 shares and the damn price stays the same!! Steve
[/B][/QUOTE]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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We ( including myself ) say that the pps cant move because of o/s and a/s and all the uncertainy that goes with it. Yes, we do know that the total o/s or / as was increased, but how did we make such a run in June then - even with such a bizarre share structure.
posted
its a shame too. if you look at what cmkx & ucad have done in the way of putting together a prescious metal or mineral mining group its a very nice job. in just a few yrs they have working gold mines, equipment & places to do their own separating of ore (mostly ucad), diamonds, uranium claims. a very good piece of work but cmkx shareholders lose out because of the o/s. and it doesn't matter what they mine in a few yrs in canada, diamonds or uranium or both, the o/s kills the shareholder value.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
JEAL Member posted October 19, 2004 12:49 -------------------------------------------------------------------------------- I do have to ask - We ( including myself ) say that the pps cant move because of o/s and a/s and all the uncertainy that goes with it. Yes, we do know that the total o/s or / as was increased, but how did we make such a run in June then - even with such a bizarre share structure.
Any ideas?
===================================
my opinion is that was the naked short cover. the mm's forced it up to get ppl to sell. it was also before the 400 billion o/s news came out.
posted
in the U.S. a company can not use the estimated value of minerals in the ground in its net worth, only what someone might pay for those claims. which makes getting to $80 billion almost impossible
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
UC would need to buy back 770 billion shares at a cost of $154 million with a .0002 pps.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Shore Gold Inc. - Star diamond project: 1,812 carats to date; 8.1, 6.3 and 3.1 carat diamonds in 222 carat parcel Tuesday October 19, 12:48 pm ET
Stock Symbol: SGF: TSX-VEN SASKATOON, SK, Oct. 19 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce the eighth set of diamond recoveries from the Star Kimberlite. The diamond recoveries to date total 1,811.73 carats from 14,575.94 dry tonnes processed. These results are for six kimberlite batches of a total of some 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star Diamond Project, the aim of which is to recover a parcel of some 3,000 carats for valuation purposes. A total of 1,815 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 219.02 carats, has been recovered from the treatment of 1,446.61 dry tonnes of kimberlite. Twenty-nine diamonds greater than one carat have been recovered and the four largest stones are: 8.08, 6.28, 3.12 and 3.07 carats, respectively. In addition, 188 diamonds (3.05 carats) were recovered down to 0.85 millimetre square mesh. The colour of 76 percent of these diamonds has been classified as white, with a further 10 percent classified as off-white. These six kimberlite batches (of a total of 43 processed) have been mined from the Southeast drive (Batches 12A, 32 and 33) and the North drive (Batches 30, 31 and 34) developed from the 235 metre shaft station. All of these kimberlite batches have been recovered from within the Early Joli Fou equivalent kimberlite. Results to date have shown that higher diamond grades are associated with the Early Joli Fou equivalent kimberlite than with the Late Joli Fou equivalent kimberlite. The relationships between these two kimberlites types are illustrated in cross sections available on the Shore Gold website: www.shoregold.com.
Batches 35A, 35B, 36, 37, 38A, 38B, 39 and 40 (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. Results from these batches are pending. A total of 16,492 dry tonnes has been processed through the on-site DMS plant. All batches processed to date are classified as crater facies volcaniclastic kimberlites.
Kimberlite processed and diamond results for four sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).
------------------------------------------------------------------------- Diamonds Largest Batch Location Dry Number of Total Grade Stone No. (metres below surface) Tonnes Stones (carats) (cpht) (carats) ------------------------------------------------------------------------- 12A 235 m Level: SE drive 142.94 225 26.48 18.52 3.12 ------------------------------------------------------------------------- 30 235 m Level: N drive 196.56 258 34.24 17.42 1.77 ------------------------------------------------------------------------- 31 235 m Level: N drive 240.16 333 39.69 16.53 6.28 ------------------------------------------------------------------------- 32 235 m Level: SE drive 282.21 385 34.10 12.08 2.30 ------------------------------------------------------------------------- 33 235 m Level: SE drive 291.58 402 50.85 17.44 8.08 ------------------------------------------------------------------------- 34 235 m Level: N drive 293.13 400 36.71 12.52 1.12 ------------------------------------------------------------------------- Total 1,446.61 2,003 222.07 15.35 -------------------------------------------------------------------------
The four largest stones are: 8.08 (Batch 33, Off White), 6.28 (Batch 31, Off White), 3.12 (Batch 12A, White) and 3.07 (Batch 3 1, White) carats, respectively. Ten diamonds exceed two carats and 29 diamonds exceed one carat, of which 22 are white, 4 are off-white, 2 are grey and 1 is brown. A total of 75 diamonds exceed 0.5 carat. Seventy-six percent of the total diamond parcel is classified white in colour, with a further 10 percent classified as off-white. The diamond parcel includes 2 pink, 4 yellow and 11 amber stones. Ninety-nine percent of the carat weight of this parcel occurs in diamonds greater than 1.18 millimetre square mesh. Senior Vice President Exploration, George Read, states: "We now have diamond results for over 10,000 tonnes of Early Joli Fou kimberlite and the average grade for this kimberlite type remains just over 16 cpht (1,617 carats from 10,022 dry tonnes). To date, this bulk sampling program has consistently produced an abundance of large stones and a high proportion of white goods. The frequency of large stones and the proportion of white goods are very significant characteristics of the Star diamond population, both of which will significantly increase the average diamond value". The diamond recovery procedure includes on site processing of kimberlite through the modular dense media separator (DMS), after which DMS concentrates are batch fed through an X-ray Flow-sort. In order to ensure the recovery of low luminosity diamonds, the Flow-sort tailings are processed over a grease table. Flow-sort and grease table concentrates are transported by a secure carrier to SGS Lakefield Research for final diamond recovery. The SGS Lakefield Research process includes drying, screening, magnetic separation, manual sorting and diamond weighing and description. SGS Lakefield Research is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests. Senior Vice President Exploration, George Read, Professional Geoscientist in the Provinces of Saskatchewan and British Columbia, is the Qualified Person responsible for the verification and quality assurance of analytical results. The Star Diamond Project is designed to recover a parcel of at least 3,000 carats of diamonds to enable an accurate valuation of the stones. Up to 25,000 tonnes of kimberlite will be recovered from the shaft and drifts and processed on site to produce this diamond parcel. Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
please contact Kenneth E. MacNeill, President & C.E.O. George Sanders, Vice President Corporate Development or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202
quote:I do have to ask - We ( including myself ) say that the pps cant move because of o/s and a/s and all the uncertainy that goes with it. Yes, we do know that the total o/s or / as was increased, but how did we make such a run in June then - even with such a bizarre share structure.
Any ideas?
There was an interesting theory on that proposed by DiQuiRiesco a few weeks ago that makes sense. That run corresponded exactly to the time when they were involved in their transfer agent fiasco, switching from one to another then back again. It took about a month during which time the CMKX "printing press" was shut down and were unable to flood the market with shares as they seemed to be doing at the time. The pps rose because the stock was then actually free trading without CMKX dumping shares daily. Unfortunately the same thing probably wouldn't happen now because of how much the o/s has grown since then.
posted
"Shore Gold Inc. - Star diamond project: 1,812 carats to date; 8.1, 6.3 and 3.1 carat diamonds in 222 carat parcel Tuesday October 19, 12:48 pm ET "
Look at the detail on that report. Wonderful. What do we get, diamondferus. Big difference, and they say these people are frothcoming.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
in etrade if you go to your accounts and balances and then hit the positions tab it says cmkx tender offer next to the cusip number is that because cim is still private?
Posts: 123 | Registered: Jun 2004
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posted
CORRECTING and REPLACING CMKM Diamonds, Inc. Announces the Success of Its Integrated Business Plan Goes Into Effect in Ecuador Business Wire - October 19, 2004 15:31
PORTOVELO, Ecuador, Oct 19, 2004 (BUSINESS WIRE) -- In BW5446 issued Oct. 19, 2004: Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
CMKM DIAMONDS, INC. ANNOUNCES THE SUCCESS OF ITS INTEGRATED BUSINESS PLAN GOES INTO EFFECT IN ECUADOR
CMKM Diamonds, Inc. (Pink Sheets:CMKX) headed by its CEO Urban Casavant and his advisory team accompanied by the company's SEC attorney Roger Glenn 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. (OTCBB: UCAD) 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.
------------------ 78.23% of all statistics are made up on the spot...The other 35% are made up later on.
Posts: 305 | From: Any Airport, Air Line Lounge or Time Zone | Registered: Apr 2004
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posted
it would be nice for cmkx to say how they paid for that mine. by not saying how we might know where that 300 billion shares went. though that might be a bit much to pay at .0003 it works out to $90 million and further destroys our pps.
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Look on the bright side, at the rate we are going, we will soon own a portion of every mining company out there!
Posts: 369 | From: MN | Registered: Mar 2004
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