posted
Where are you guys getting all those numbers as to ore shipments? Maybe they shipped a few tons, OR, maybe the shipped a wheelbarrow full! You don't know and, as usual, the CMKX release does not give you all the proper information with which to draw any conclusions at all.
Was that the mine where there were only a few locals with picks and shovels according to UCAD?
Since the pr says income we should expect the revenue to exceed our current exploration expenses right. It is a platform for better things. ******************************
I am willing to bet they would use those words (income vs revenue) interchangeably. I wouldn't get too excited if I were you.
*****************
"Our diversification plan is well underway and moving toward revenue and income."
Guess they did use both words, so, maybe they know the difference. Still wouldn't get too excited. Income is probably a hell of a long way off...if ever!
What happened to diamond mining instead of diversification?
[This message has been edited by Wallace#1 (edited October 27, 2004).]
=========================================== PORTOVELO, Ecuador--(BUSINESS WIRE)--Oct. 19, 2004--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 - News) 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 - News) 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.
Posts: 2634 | From: The highway | Registered: Feb 2004
| IP: Logged |
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.
quote:Originally posted by Wallace#1: Highwaychild,
Don't you find the following a bit contradictory:
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.
Posts: 4801 | From: Prescott, ON, Canada | Registered: May 2004
| IP: Logged |
posted
Watching the video now. I liked the part where the camera zooms in on about a thousand sand bags and they claim "those bags are all filled with gold". Looks like Urban's eating pretty well too.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
That could be good or bad. An H10 halt is the most ambiguous code of them all. It doesn't tell you anything. If it were halted pending news, it would be halted under I believe a T1 code. Guess we'll just have to wait and see.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 50599 / October 28, 2004 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of over-the-counter trading of the securities of U.S. Canadian Minerals Inc. (OTC Bulletin Board symbol “USCA”), of Las Vegas, Nevada. The suspension will commence at 9:30 a.m. EDT, October 28, 2004, through 11:59 p.m. EST, on November 10, 2004.
The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by U.S. Canadian Minerals.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of U.S. Canadian Minerals until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation for the stock of U.S. Canadian Minerals that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance of the National Association of Securities Dealers, the Saskatchewan Financial Services Commission, and the United Kingdom Financial Services Authority in this matter.
If any broker-dealer or other person has any information that may relate to this matter, call Michele Wein Layne of the Pacific Regional Office of the Securities and Exchange Commission at (323) 965-3850.
posted
Doing a little more digging here, an H10 halt is an SEC halt, not a trading market halt. Again, can't say if that's good or bad but if the SEC is halting them, I'd guess something serious is in the works.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
IN THE MATTER OF THE SECURITIES ACT, 1988, S.S. 1988, c. S-42.2 AND IN THE MATTER OF URBAN ARMAND JOSEPH CASAVANT DAVID DeSORMEAU CASAVANT MINING KIMBERLITE INTERNATIONAL CMKM DIAMONDS, INC. MELVIN A. O'NEIL TEMPORARY ORDER (Section 134) WHEREAS the Saskatchewan Financial Services Commission (the "Commission") has delegated to the Director of the Securities Division (the "Director") the power to make orders pursuant to Section 134 of The Securities Act, 1988 (the Act); WHEREAS it has been represented to the Director by the staff of the Commission that: 1. Urban Armand Joseph Casavant ("Casavant"), David DeSormeau ("DeSormeau"), Casavant Mining Kimberlite International ("CMKI"), CMKM Diamonds, Inc. ("CMKM") and Melvin A. O'Neil ("O'Neil"), (collectively the "Respondents") have traded in the securities of CMKI and CMKM in Saskatchewan; 2. The Respondents traded in the securities of CMKI and CMKM when they were not registered pursuant to section 27 of the Act; 3. The Respondents traded in the securities of CMKI and CMKM when no receipt had been issued pursuant to section 58 of the Act with respect to those securities; 4. The Commission or Director has not issued an order pursuant to sections 83, 160 or any other provision of the Act exempting the Respondents and the securities of CMKI and CMKM from the registration and prospectus requirements of the Act; 5. The Respondents have, with the intention of effecting trades in the securities of CMKI and CMKM, made statements which they know or ought reasonably to know are misrepresentations, contrary to subsection 44(3.1) of the Act; AND WHEREAS the Director is of the opinion that it is in the public interest to make this Order; AND WHEREAS the Director is of the opinion that the length of time required for a hearing would be prejudicial to the public interest; THE DIRECTOR HEREBY ORDERS: 1. Pursuant to clause 134(1)(d) of the Act that trading in all securities by and of The Respondents cease forthwith up to and including November 9, 2004; and 2. Pursuant to clause 134(1)(a) of the Act, that the exemptions contained in sections 38, 39, 39.1, 81, 82 and 102 of the Act and the exemptions contained in The Securities Regulations, R.R.S., c. S-42.2 Reg 1, which provide for exemptions from the requirements of sections 27, 58, 71 or 104 to 109 of the Act, shall not apply forthwith up to and including November 9, 2004, with respect to any trade in securities by the Respondents; AND TAKE NOTICE THAT: 1. This Order may be extended for such period as the Director considers necessary where sufficient information is not provided to the Director on or before November 9, 2004; 2. The Commission will, at the request of any person or company named in this Order, grant a hearing before the Commission with respect to the within matter, such hearing to be held at such time and place as the Commission shall determine; 3. The purpose of such hearing will be to consider whether it is in the public interest that a permanent cease trade order pursuant to clause 134(1)(d) of the Act and a permanent prohibition of statutory exemptions pursuant to clause 134(1)(a) of the Act be made with respect to the Respondents by reason of the conduct herein before described and by reason of failing to provide the Commission with satisfactory information on or before the date of the hearing or any extension thereof by the Commission; 4. Any party to these proceedings may be represented by counsel of their choice at any such hearing before the Commission; and 5. Upon failure of any party to attend any such hearing at the time and place set therefore, the hearing may proceed in the absence of such party and such party is not entitled to any further notice of the proceedings therein. DATED at Regina, Saskatchewan on October 26, 2004. “Barbara Shourounis” Barbara Shourounis
[This message has been edited by Bob Frey (edited October 28, 2004).]
posted
Somehow, someway, I just know someone is going to put a positive spin on this.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
They were alleged trading CMKI and CMKM that was long time ago. Its been CMKX for many months. Why now? May be like pumpers said, since they know CMKM is NSSed to the fullest, they had their relaties buy so many CMKM for 0001. Is that the things this sask govt filing case agains? Why isn't CMKX not halted? So that ppl can sell for 0001 here?
hehehe..I tried my best..
quote:Originally posted by Upside: Somehow, someway, I just know someone is going to put a positive spin on this.
posted
I honestly hope that this isn't just the tip of one immense iceberg. There's two issues at play here with CMKX and UCAD and I can't imagine Urban somehow not being dragged into the UCAD mess. I hope this all works out as I have money at stake here too but as of right now, this is not good at all.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
We have been had. Count up your losses. Last time I saw this happen, the company NEVER came back. Nice knowing you guyz.... Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
| IP: Logged |
posted
I knew it! Current thinking from somewhere else:
quote:I think theiy're locking up the ucad shares as it will bring clarity to the scope of nss. 10 days seems like a long time, probably needed to smoke out all fraudulent shares. This is gonna get good, very soon. I just hope you've loaded up on your cmkx, gemm, and sggm shares by now! -IMO, of course.
and:
quote: Do you think this has naything to do with CMKX going to be fully reporting shortly and the SEC cannot believe that thier is such a large NSS and it happened under their "watchful" eyes?
and my favorite so far:
quote:a halt=a merger with cmkx, gemm, sggm, etc into a huge co with huge value on a bigger exchange. isnt this what weve been waiting for?
Thanks - does that seem realistic to anyone? That seems maybe a little more beleiveable then some gian merger or something of that nature.
quote:Originally posted by safeguard: By: woody1235 28 Oct 2004, 12:30 PM EDT Msg. 16013 of 16021 Jump to msg. # **CALL SEC TO CONFIRM--GREAT NEWS***********
SEC AND DTCC GETTING INVOLVED NOW--GREAT NEWS..THE HALT
IS FOR THE NAKED SHORTS NOT PUTTING SPLIT SHARES IN OUR ACCOUNTS..
posted
Yo Ho Ho and a barrel of kimberlite! If you're not out now, better SELL, SELL, SELL!
The truth is, I do feel badly for the so many of you that got sucked into buying because of all the avid pumpers. Sure would like to hear noahltl's and other's spins.
Not telling you "I told you so" yet, but getting much, much closer. As someone said, wonder if there will still be a party? If not, I hope no one loses money on reservations, etc. as well.
Mdec, just got back from some errands.
My positive spin is that UC and friends were trying to support the pps so shareholders could get out...after all, they're only thinking of you. LOL
[This message has been edited by Wallace#1 (edited October 28, 2004).]
posted
Hate to always be the negative voice or in this case, the voice of reason but, it's got nothing to do with naked shorts, mergers, missing dividends, etc. UCAD is under investigation for allegedly falsifying information regarding their finances, mining activities, and assets. Urban & Co. are under investigation for what appears to be stock manipulation and possibly fraud. I'm not saying its "game over" yet but there is nothing positive in this regardless of the countless theories that are coming out. Nothing to do now but sit back and wait.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
If you read the rest of the posts by woody, you'll see that HE didnt make the call....ergo, another stupid rumor. Somebody close the casket, this baby is dead. Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
| IP: Logged |
posted
As sh**ty as it may be, I think you just might be right - Time to move on to other adventures....will continue to watch and hold what I have left as I am sure, I will not be able to sell at 0.0002.
Someone please advise if you have been able to sell at this pps
GLTA in your future investments, and hope no one has lost to much.
quote:Originally posted by ed19363: If you read the rest of the posts by woody, you'll see that HE didnt make the call....ergo, another stupid rumor. Somebody close the casket, this baby is dead.
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
