posted
hey guys, this may have already been discussed, but what's up with the volume for Thursday and Friday? Anybody have any theories? It was like 39 bill Thursday and 13 bill on Friday. I am not as seasoned as most, but that can't be normal. I'd like to hear the good and bad theories! I do own and am hopeful, but I'm not blind.
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10.6 Smeaton Property CMKM Diamonds Inc., 25%, operator; United Carina Resources Corp., 25%; Consolidated Pine Channel Gold Corp, 25%; US Canadian Minerals Inc, 25% The operator completed a five hole drilling program on the Smeaton kimberlite, which was discovered in 1996. The operator re-named the body the “Carolyn” kimberlite. Kimberlite thicknesses ranged from 63 to 130 metres in four of the holes. Two of the holes were split and sampled for microdiamond recovery by caustic fusion and returned two microdiamonds. In addition to drilling, a triaxial magnetic gradiometer survey was flown over the joint venture’s properties. A number of drill targets have been identified with a high priority target northwest of the Fort à la Corne joint venture’s 122 kimberlite.
quote:Originally posted by buyondip: hey guys, this may have already been discussed, but what's up with the volume for Thursday and Friday? Anybody have any theories? It was like 39 bill Thursday and 13 bill on Friday. I am not as seasoned as most, but that can't be normal. I'd like to hear the good and bad theories! I do own and am hopeful, but I'm not blind.
georgeburns God of Diamonds
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Craptomologist Extraordinaire, M.D.
Gender: Posts: 3703 *Week in Review (--12 Dec 04) « Thread started on: Today at 05:02am »
-------------------------------------------------------------------------------- Week in review... This one is going to be brief. My head hurts.
Volume
The volume issue has been driving me absolutely nuts. Here is what we know...There is huge volume on the day before a stock dividend is paid. 40 billion day before GEMM, 13 billion on day of GEMM. 16 Billion day before UCAD 14 Billion on UCAD. 16 Billion day before CIM. 13 Billion day of CIM. Its really odd. Especially the time between the UCAD and CIM payment date. Take a look: (Volume isn't 100% correct...best I got...within 5%)
OPTIONS: 1. Urban and company dumping shares. 2. Some major holder dumping shares. 3. Something else.
1. Urban dumping? I don't think so. Absolutely nutty. If Urban is dumping for profit, that means CMKX is a scam. If CMKX is a scam, Urban is a very, very intelligent man. He got me. He got D. Roger Glenn and everybody else that is associated with CMKM.
If Urban were to dump shares and CMKM is a scam, he would be smart enough to dump them over a long period of time as opposed to a huge chunk in a couple of days. That's stupid. I would like to think Urban is smarter than that. Dumping them in one or two days would not bring in as much money as dumping them over a few months and keeping up the buying pressure.
2. A major holder dumping shares?... maybe. There were some major deals about a year ago with Durama Enterprises was probably paid in shares and could possibly dumped theirs since the restriction was removed. If it is them. I think they don't have this much. I would also be impressed with the fact that there is buy pressure to cover this... more than 4 million dollars worth of buy pressure...wonder where that came from. A cordinated 4 million dollars of buy pressure during a 40 billion share dump. hmmmmm doesn't sound right.
3.
I think it has to do with moving naked short shares before the dividend payment date. The following paragraphs are from the NSCC rules. Remember a couple of days ago... all the .0001 sales but then they got cancelled? Retail investors with automatic buy orders set for .0001 were cleared out. These folks aren't sitting at their computer everyday to notice that they have been cleared and their trade reversed. This makes room for a massive share move with less retail buy pressure. It's pretty wierd. Any who... read on.
SEC. 8. After receipt of notice by the Corporation that the issuer of a CNS Security has declared a stock or cash dividend on such security or has authorized a stock-split or a distribution of rights or other property with respect to a CNS Security, the Corporation will issue a Record Date Report which will show each Member's record date Long or Short Position in the security at the close of business on the Record Date (herein called "Record Position").
(b) On the payable date for a stock dividend (or, if the payable date is not a settlement day, then on the settlement day immediately following such payable date), the securities position of each Member shall be adjusted to reflect the Member's obligation to deliver the amount of the stock dividend on any Short Position included in the Member's Record Date Position to the Corporation or to reflect the Member's right to receive the amount of the stock dividend on any Long Position included in the Member's Record Date Position from the Corporation. Fractional shares shall not be added to any Short or Long Position in respect of any stock dividend or other distribution. In lieu thereof, the Corporation shall credit or debit, as the case may be, an amount of cash in respect of fractional shares based on the Current Market Price of the security.
(d) An "as of" trade entered at least two settlement days prior to the payable date in respect of a cash or stock dividend or other distribution not trading with due bills after the record date, provided the original trade date for the trade is before the ex-dividend date for such dividend, will be subject to the same procedures as those set forth above; an "as of" trade entered at least one settlement day prior to the Due Bill Redemption Date in respect of other distributions which trade with due bills after the record date will be subject to the same procedures as those set forth above. Any such trades entered less than two settlement days or one business day, as the case may be, prior to the payable date or the Due Bill Redemption Date shall not be accorded dividend protection in the CNS System.
(e) When a dividend or distribution in securities which are not CNS Securities is declared on a CNS Security or rights which are not CNS Securities are issued in respect of a CNS Security, the items will be reported to each Member having a Long or Short Position in the CNS Security on the close of business on Record Date. Such dividends, distributions or rights shall not, however, be settled in the CNS System; the Corporation shall match the Short and Long Positions in respect thereof in that manner which the Corporation in its discretion may provide and issue receive and deliver security orders in respect thereof, which orders shall have the same status as security balance orders issued in connection with the Balance Order Accounting Operation and will be subject to those provisions of these Rules pertaining to such security balance orders unless otherwise specified by the Corporation.
Dhonau is apparently the new director of a company that just did a reverse triangular merger with Voyager Entertainment International. They have a cool website... something about a ferris wheel: http://www.voyager-ent.com/
A company registered to him per the Nevada SOS, "Dokota subsidiary" is the surviving company. Common shares of Voyager bought before the merger time will be exchanged for Preferred series A of the new company which will be called "Voyager" until a mutually agreed name is decided by the new board of directors. Not sure If I read it right, but that is my take.
Not sure if the merger is complete yet, but I am guessing we could see some news on this soon from somewhere. Maybe another filing. Apparently nothing has been happening with this company since April. It looks like a shell to me. No idea what it's for though. Or maybe Dhonau likes ferris wheels...ALOT. lol He was involved somehow before any of this happened.
85 Seperate magnetic anomolies. According to the SEDAR MD&A filing by Shane resources... they have decided to start calling their "10% option in 82 mineral claims of CMKM"....85 Seperate magnetic anomolies. This was the biggest news I think we have had in a long time. http://tinyurl.com/4xcfv
SHO The time is near.
If you have any questions on anything related to CMKX... let me know. Sorry this one is short. That's all I got.
posted
That ebay sale appears to be genuine. They've modified it now and removed the word "Carolyn" from it. The e-mail address and fax # they list are the real contacts for Seagrove Capital. I dug up their phone # too, 306-543-5678 but so far no one answers. I'll keep trying.
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posted
maybe we can chip in...i'm sure that ebay can be reduced with a little haggling, say all our cmkx shares & 10% of all the diamonds found. couple shovels, maybe rent a backhoe. since you guys like digging outhouses it would be right up your alley...lol. bet we can find as many diamonds as cmkx can...lol
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posted
This company just never ceases to amaze me. The p/r's leading up to the drilling of the pipe, the daily p/r's about the progress of the drilling, video on the website, hopes raised to a fevered pitch, then six months later the damn thing is for sale on ebay. Unbelievable.
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quote:Originally posted by Upside: This company just never ceases to amaze me. The p/r's leading up to the drilling of the pipe, the daily p/r's about the progress of the drilling, video on the website, hopes raised to a fevered pitch, then six months later the damn thing is for sale on ebay. Unbelievable.
Could someone please post a link to the EBay site. Thanks, Steve
posted
Note: 7 claims staked by Spellicy. Four offered on Ebay.
Bruce Johnstone Saskatchewan News Network November 2, 2004
REGINA -- A Regina-based mining exploration company says the province's system for staking lapsed or re-opened mineral claims on Crown lands is unfair, costly and favours larger mining companies.
"It's a silly process," said Shaun Spelliscy of Seagrove Capital Corp., a junior resource company that explores for diamonds, gold, base metals and uranium in Saskatchewan. "It's an unfair process."
On Monday, Seagrove successfully staked seven claims that had been optioned to Nevada-based company, CMKM Diamonds, which failed to do the required assessment work, causing the property in the Fort a la Corne area near Prince Albert to lapse.
CMKM Diamonds and its predecessor company, Casavant Mining Kimberlite International, and three of its officers and directors, were slapped with a cease trading order last week by the Saskatchewan Financial Services Commission. The commission said the companies failed to file a prospectus in the province and have no right to sell securities to Saskatchewan residents.
Spelliscy said he had to hire a security company, Ground Zero Security, to hold his place in line at the Saskatchewan Industry and Resources Sub-surface Geological Laboratory for nearly two weeks.
(clipped rest of story)
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2004-11-02 13:59 ET - News Release
Also News Release (C-KPG) Consolidated Pine Channel Gold Corp
Mr. Rick Walker reports
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. advise that four lapsed mineral claims that formed part of a joint venture property in the Smeaton area of Saskatchewan have been reacquired by staking on Nov. 1, 2004. The four claims were staked by Seagrove Capital Corp. on behalf of the companies and form part of a 27-claim joint venture with CMKM Diamonds Inc. and U.S. Canadian Minerals.
The companies also acquired by staking three other claims to the northwest of the Fort a la Corne area of Saskatchewan.
posted
To me, this is just another example of CMKX p**s-poor management. They tell us nothing, and end up losing the claims. I am not normally a basher, but this looks more and more like a scam everyday. Not so much as a "hang in there" from the company. I'm sorry, but quiet period or no quiet period, they owe us SOME kind of an explanation for this kind of thing. I will continue to hold, since it isnt worth selling, and hope that something positive will come out of this rat's nest. Ed
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quote:Originally posted by ed19363: To me, this is just another example of CMKX p**s-poor management. They tell us nothing, and end up losing the claims. I am not normally a basher, but this looks more and more like a scam everyday. Not so much as a "hang in there" from the company. I'm sorry, but quiet period or no quiet period, they owe us SOME kind of an explanation for this kind of thing. I will continue to hold, since it isnt worth selling, and hope that something positive will come out of this rat's nest. Ed
There was an answer from the company yesterday through JV United Carina and Rick Walker. Read the last paragraph.
United Carina and Cons Pine return Peace River results
2004-12-13 17:01 ET - News Release
Also News Release (C-KPG) Consolidated Pine Channel Gold Corp
Mr. Richard Walker of United Carina reports
UPDATE ON HEAVY MINERAL SAMPLING RESULTS UCA / KPG JOINT VENTURE IN THE PEACE RIVER - BUFFALO HILLS DIAMOND PLAY
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. have provided the initial results from the processing of five regional heavy mineral samples. Two of the samples were from surface till and the later three were stream sediments from within the North Heart River drainage. The till samples only produced one pyrope garnet, while the stream sediments produced 13 pyrope garnets of similar G-9 composition to those previously obtained by United Carina near Carmon Lake. In addition, 11 chrome diopsides were also obtained along with numerous olivine grains. The kimberlite indicators are similar in composition to those reported by Ashton in the Buffalo Hills. The presence of the kimberlitic indicators within the North Heart River drainage demonstrates the prospective nature of the United Carina/Consolidated Pine Channel property.
United Carina and its 50/50 joint venture partner, Consolidated Pine Channel, acquired by staking 138,240 hectares (341,586 acres) approximately 70 kilometres southwest of Ashton Mining of Canada's K296 kimberlite pipe located in the Buffalo Hills of Northern Alberta. Ashton's exploration in the area has discovered 38 kimberlites, of which 25 are diamondiferous.
The United Carina/Consolidated Pine Channel property is situated along several parallel northeast/southwest-trending basement linear features, which transect Ashton's Buffalo Hills block, which extend southwest into the vicinity of previously, located kimberlitic indicator minerals within overburden whose source remains unknown. The previous indicator mineral gain morphology (surface condition) tended to show a relatively short transport distance. The discovery of kimberlitic indicators within stream sediments shows that the North Heart River drainage likely hosts kimberlitic intrusives.
Microprobe analysis for these samples was conducted by SRC, an ISO1725-certified laboratory for specific testing. The qualified person for the property is Paul A. Hawkins, PEng. A program to review indicator mineral occurrences and airborne geophysical data is under way.
Title to seven claims that the companies contracted to be staked on Nov. 1, 2004, is now under dispute. The claims were to be added to a joint venture the companies have with CMKM Diamonds and United States Canadian Minerals (UCAD bulletin board). The companies feel that all their contractual obligations to obtain these claims have been met and that title to the claims will be obtained by the companies.
quote:There was an answer from the company yesterday through JV United Carina and Rick Walker. Read the last paragraph.
And why did that explanation have to come through United Carina and not CMKX who supposedly is the operator of these claims? Wait, I already know the answer, quiet period, right?
posted
I dont own stock in UCA, I own stock in CMKX and expect to hear from CMKX. If I owned IBM, I wouldnt be reading PRs from Dell....sheesh.
quote:Originally posted by Upside: originally posted by legaleagle: And why did that explanation have to come through United Carina and not CMKX who supposedly is the operator of these claims? Wait, I already know the answer, quiet period, right?