posted
Who is going to benefit from that big runup? Certainly not us with our restricted shares. As penny-trader said earlier, if we could sell them we would have diluted the pps and hampered this big run up. I think topo knew that a massive run up was coming. Prior to that UCAD traded a few thousand shares a day and all of a sudden it was doing a million +? You really think it's because they bought 5% of CMKX's mineral claims? That was old news by then. More and more this is looking like a calculated run up to benefit guess who? Run it up to 15 or so then have a 3 for 1 split. We can't affect it at all because our shares are locked up. Who was doing all that buying?
[This message has been edited by Upside (edited October 26, 2004).]
quote:Originally posted by Upside: Since there's only us "bashers" here tonight, let me bounce something off you guys. Could it be that there is a very good reason that those shares were restricted? To be more specific, restricted so that we could not dilute the pps thereby putting a damper on the run up so that certain people wouldn't benefit greatly from an artificially inflated pps and a 3 for 1 forward split? Anyone see where I'm going with this?
Think I know where you might be headed above, but could you be a bit more specific? ******************************************** Here's a definition I found, but it is for Canadian Exchanges (our's may have different standards):
Restricted Shares Shares that have limited voting rights or in some cases, no voting rights. These shares participate in a company's earnings and assets in liquidation as common shares do and are sometimes referred to as restricted common shares. Restricted shares may not command the same market price as voting common shares of the same company since they do not have voting rights.
W's Note: The above suggests that said restricted shares could be traded...at least in Canada...since the definition refers to market price. Bear in mind I am not specifically referring to UCAD's restricted shares. Maybe UCAD's SEC filings refer to the rights of such shares...anyone checked that out? ******************************************* As far as getting my butt out to one of those races, which one of you clowns found out where I lived and sent me all that crap...T-Shirt, chip and literature? You, Upsides? And if you say "No", I'm going to think you are a lying sack of dog bones!!! LOL
posted
Wallace, read my post above your last one for specifics. I don't know where you live and I only took one shirt (which I cherish) so it wasn't me. I do however have about 20 poker chips but those are going up for auction on E-Bay when CMKX makes history!
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posted
I think I get your drift. Where in hell is all the money coming from when no one company has any? Certainly, not from mining results. Where else? There's just too much of it passing around from one to the other. Just how big is that bed?
Speaking of bed, I have a few things to do and then hit the sack. Good night. Good luck.
[This message has been edited by Wallace#1 (edited October 26, 2004).]
quote:Where in hell is all the money coming from when no one company has any? Certainly, not from mining results. Where else?
Individuals known to Urban and his ilk. Start buying like mad around 3.00 per share, run it up to 15.00 or so, probably averaging in the 7.00 range. Reap the 3 for 1 split, then sell over the course of ayear or so. Eventually the pps is back where it should be and our shares become unrestricted in a fully diluted, no revenue company.
I better go to bed too, I'm starting to sound like the Dr. D of the dark side.
posted
man you guys are always trying to find SOME WAY to make this company not real. if CMKX does not have enough things going on to prove to you its worth then i dont see any other pink sheet worth your time and you might as well trade your blue chips and make 5 dollars over six months.
________________________________________ QUOTE: "Member posted October 27, 2004 05:13 man you guys are always trying to find SOME WAY to make this company not real. if CMKX does not have enough things going on to prove to you its worth then i dont see any other pink sheet worth your time and you might as well trade your blue chips and make 5 dollars over six months.
you guys are reminding me of janice shell" _____________________________________________
QUOTE: Wal-Mart Stores, Inc. (NYE : WMT) *Market Closed Last Trade Time : Oct 26, 2004 16:03:00 EST Refresh Last Sale 52.8200 Open 52.300
Change 0.520 Prev. Close 52.300
% Change 0.99% Tick Type UP
Volume 8,918,700 Shares (last trade) 374300
Day High 52.950 52 Week High 61.310
Day Low 52.230 52 Week Low 50.500
Bid N/A Ask 0.000
Bid Size 0 Ask Size 0
# Trades 7,590 Industry Consumer Goods
Fundamental Data P/E 23.9000 Market Cap (m) 224,089.38
Earnings/Share 2.2100 Shares Out. (m) 4,242.51
Dividend per share 0.5200 Exchange NYE
Current Div. Yield 0.9000 Ex Dividend Date DEC 15, 2005
NYSE and AMEX data delayed 20 min. All other exchanges delayed 15 min
posted
NOTE - ...."We expect to have some exciting announcements in the next few days."
Who knows what this means - wait and see I guess, but I bet this is part of the set-up for the joint shareholders meeting this weekend
U.S. Canadian Minerals Inc. 3-for-1 Forward Split and Symbol Change Effective Today Wednesday October 27, 5:30 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 27, 2004--U.S. Canadian Minerals Inc. (OTCBB: USCA - News) announced today that the company's 3-for-1 forward split has been declared effective. The former symbol for the company was UCAD. This restructuring of the company will allow for the pursuit of additional avenues of financing and future acquisitions. Rendal Williams, CEO of USCA, stated: "With the split and new symbol now effective, the company will continue pursuit of its goals as stated by the board of directors. We expect to have some exciting announcements in the next few days."
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.
-------------------------------------------------------------------------------- Contact: U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
posted
U.S. Canadian Minerals Inc. Brings New Processing Online Wednesday October 27, 12:42 pm ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 27, 2004--U.S. Canadian Minerals Inc. (OTCBB: USCA - News) announced today that it has completed the acquisition of a controlling interest in a new processing plant in Buza, Ecuador. The first stage of the facility is 95% complete. The first stage of the plant will have capacity to process approximately 70 tons of gold ore per day. When completed, the second stage of the plant will have processing capacity of approximately 400 to 500 tons of gold ore per day. Rendal Williams, CEO of USCA, stated: "I am excited that this new acquisition will bring our total processing capacity in Ecuador to over 130 tons per day." Williams continued, "Through our commitment to CMKM Diamonds and Nevada Minerals, USCA is working diligently to expand its production facilities to stay ahead of the processing requirements of the American Shaft gold ore production."
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.
-------------------------------------------------------------------------------- Contact: U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
posted
the oct. suprise is ,0001...anyway if i remember correctly this so called suprise started with zen, dr. d or sterling, it didn't come from cmkx. they had the idea that because of the party cmkx must have something up their sleeve to make us shareholders very happy. ucad did say their shareholders would be happy & about an $8 pps increase would make me happy. even today 3 for 1 split at $14 & its at $5.55
[This message has been edited by bill1352 (edited October 27, 2004).]
posted
Ameritrade has not credited the split yet, but I wouldnt get too nervous. They frequently dont credit until the end of the business day. Besides, they are restricted shares anyway, so there is no diff if you get them today, tomorrow or next week....you're stuck with them anyway....LOL Ed
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posted
CMKM Diamonds Inc. and Minera Nevada S.A. Announce First Ore Production and Shipment 10/27/2004 2:32:00 PM
LAS VEGAS, Oct 27, 2004 (BUSINESS WIRE) -- Minera Nevada S.A. and CMKM Diamonds Inc. (Pink Sheets: CMKX) proudly announced today that the first week of gold ore has been mined at the American Mine in Ecuador and has been shipped to U.S. Canadian Minerals Inc.'s (USCA) Yellow River processing facility for immediate ore extraction.
Urban Casavant, president of CMKM Diamonds Inc., exclaimed, "It's an exciting day for the CMKX shareholders. Our diversification plan is well underway and moving toward revenue and income."
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
posted
Now we have a producing gold mine, with gold around the $423.00 U.S. mark, we should see a move up from .0002 (you would think) Companies over in Russia that produce little gold sell for .06 Can. on the TSX.
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quote:Originally posted by Bigrod40: Now we have a producing gold mine, with gold around the $423.00 U.S. mark, we should see a move up from .0002 (you would think) Companies over in Russia that produce little gold sell for .06 Can. on the TSX.
posted
Hummmm, let's see...$423 an ounce, 12 ounces in a troy pound, 2000 pounds in a ton. 800 million shares. 423X12X2000/800,000,000=.01269 So, for every ton of gold, the pps should move .01269.....Now how long does it take to mine and process a ton of gold? Keep dreaming, folks, we got a LONG way to go.
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posted
Portovelo,Ecuadors' Oct. 19, 2004 PR anticipated 80 tons of gold ore(thanks RJR)a work week in less than 5 weeks now(via pr). Looks like they are on schedule or better with todays news. 80 tons a week enough for ya Upman.Or at least get you started?
[This message has been edited by highwaychild (edited October 27, 2004).]
quote:Looks like they are on schedule or better with todays news. 80 tons a week enough for ya Upman.Or at least get you started?
Highway, Call me cynical, jaded, or just plain stupid but I won't believe it until I see concrete proof of it. If it's real, I applaud them and think it's a great thing for all of us but I've seen too many broken promises to not take everthing they say with a grain of salt.
posted
no one said it is not showing its worth. we know they have proved thier worth and the proof showed the worth to be .0002
quote:Originally posted by CashCowMoo: man you guys are always trying to find SOME WAY to make this company not real. if CMKX does not have enough things going on to prove to you its worth then i dont see any other pink sheet worth your time and you might as well trade your blue chips and make 5 dollars over six months.
posted
I hear ya Upman. Seems to be a step in the right direction, to me.I mean at least this puts the mine in mining company. The video of the mine on cmkxpics com at least adds tangibility to it in my book. But you're right I'm just sitting back watching this unfold as well.
[This message has been edited by highwaychild (edited October 27, 2004).]
posted
yes but they are not diluted with 770 billion shares
quote:Originally posted by Bigrod40: Now we have a producing gold mine, with gold around the $423.00 U.S. mark, we should see a move up from .0002 (you would think) Companies over in Russia that produce little gold sell for .06 Can. on the TSX.
posted
your still probably very high on the price.
you are assuming that you are going to get the going price of the gold. you have to take into consideration that the gold gets brokered and there are fees for that and you are pulling the gold from another country and i would expect that they are getting a royalty off the gold. and there are all kinds of hidden costs that we have no idea exist.
so ya you are really high on the final out come.
quote:Originally posted by RaiderJR: They are actually shooting at processing 300-500 tons in 90 days.
Of every ton you get like .3 oz of gold. Remember it is ore not gold.
.3 X 500 = 150 oz per day.
The avg price for processing = 160/ton
Remember though UCAD owns the plant so a large part of that will be theirs.
423-160=263/oz profit X 150 = 39450 X 365 =
14,399,250 per year
That is pretty much maxed out. I would expect half that.
7 mill/800 billion X30 pe = .000261 pps
I don't see this moving pps til it helps us mine zinc, uranium, or diamonds.
Or other acquisitions. It is a good start.
Add 14 million to the Junia diamonds and you might reach 20 million in income.
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