posted
CMKX STILL HAS A PULSE....HOWEVER VERY FAINT
quote:Originally posted by legaleagle: United Carina and CMKX uranium report
United Carina defines three U targets in Saskatchewan
2005-09-27 13:18 ET - News Release
Mr. Rick Walker reports
SANDSTONE BOULDER SAMPLING SUCCESSFULLY DEFINES THREE URANIUM TARGETS IN THE HATCHET / WOLLASTON LAKE AREA OF NORTHERN SASKATCHEWAN
United Carina Resources Corp. has received favourable results from the 2005 boulder sampling program on its uranium property situated along the eastern edge of the Athabasca basin, in the Wollaston Lake area of Northern Saskatchewan. The property is located approximately 30 kilometres north of major uranium production centres near the Rabbit Lake and McClean Lake mills and their associated high-grade unconformity uranium deposits.
The recent exploration program consisted of sampling Athabasca sandstone boulders for geochemical analysis. Sandstone boulder geochemistry is used to map regional variations in clay minerals and trace element levels to detect hydrothermal alteration associated with unconformity-type uranium mineralization. Important alteration signatures in this part of the Athabasca basin are elevated proportions of illite and chlorite clays and above background geochemistry for boron, lead, arsenic, molybdenum and uranium.
Previous work identified five areas requiring detailed exploration. This summer's exploration program highlighted three areas (areas A, G and a new area -- Le Drew) having anomalous sandstone boulder geochemistry defining target areas for follow-up exploration.
Area A
Encouraging results were obtained south of Hatchet Lake in an area west of Turkey Lake. Sandstone boulders were found exhibiting alteration features and geochemistry common to all the unconformity-related deposits in the eastern Athabasca basin.
Sandstone boulders found at one sample site have outstanding visual alteration features, including gray pyritic sandstone, silicified sandstone and a boulder with secondary hydrothermal hematite. Boulders in the area have anomalous geochemistry, with boron values up to 26 parts per million (median six parts per million), uranium values up to 0.67 part per million (median 0.21 part per million), lead values up to 0.96 part per million (median 0.53 part per million) and arsenic values up to 0.5 part per million (median 0.2 part per million). The sandstone is moderately illitic.
Immediately up-ice from the site and within the overall geochemical anomaly are two untested geophysical conductors. These conductors occur 10 kilometres along strike of Areva's Moonlight zone, which has intersections up to 1.76 per cent U per 1.5 metres.
Sandstone thickness in the area of the conductors is estimated to be 50 metres.
Area G
Boulder sampling identified target area G along the eastern edge of the Athabasca sandstone, south of Tromberg Bay. Geochemical values are up to 0.31 part per million uranium (median 0.21 part per million), up to 31 parts per million boron (median six parts per million) and the sandstone is strongly illitic. These values are associated with an untested geophysical conductor.
Le Drew
Boulder sampling highlighted the Le Drew Lake area, near the edge of the Athabasca sandstone. Previous work identified outstanding radon-in-water (uranium pathfinder) anomalies. These were interpreted to coincide with the junction of two major fault systems. The boulder sampling confirms the presence of anomalous uranium values up to 0.89 part per million (median 0.21 part per million) and anomalous lead up to 1.17 parts per million (median 0.53 part per million). A weak, untested geophysical conductor is closely associated with the anomalous boulders.
The boulder sampling program found several other areas weakly anomalous in trace elements and these require more work. One of these is the South Bear property, with uranium values up to 0.56 part per million (median 0.21 part per million), lead up to 2.83 parts per million (median 0.53 part per million) and one sample with 0.4 molybdenum (median 0.05 part per million).
United Carina plans to establish ground grids and complete geophysical surveys over the three target areas as soon as logistically possible. Following data interpretation, the resulting targets will be drill tested.
The Hatchet Lake property is currently 100 per cent owned by United Carina and consists of four claim blocks, totalling 41,864 acres. Entourage Mining Ltd. is earning a 20-per-cent interest in the property and CMKM Diamonds Inc. (Pink Sheets: CMKX) is earning a 40-per-cent interest in the property. When the earn-ins have been completed, the property ownership will be: United Carina Resources, 40 per cent: CMKM Diamonds, 40 per cent; and Entourage Mining, 20 per cent.
The qualified person responsible for the technical information in this news release is Daniel Studer, PGeo. All samples were analyzed at the Saskatchewan Research Council (SRC) geoanalytical laboratories.
quote:Originally posted by Wallace#1: Seem to remember you pushing that theory as well, legal.
Didn't say Citi wasn't involved in some way. (Check and see who is buying the gold from Ecuador.) Just said it was an ACCA rumor. LOL And I don't promote ACCA or his theories.
IP: Logged |
posted
St. George defenceless, headless; awaits SEC decision
2005-09-27 19:53 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission Also Street Wire (U-CMKX) CMKM Diamonds Inc
by Lee M. Webb
St. George Metals Inc., a barely-revived pink sheet shell with ties to U.S. Securities and Exchange Commission (SEC) target Urban Casavant's CMKM Diamonds Inc., is defenceless and headless as it awaits a judge's decision on whether its stock registration should be revoked. William B. Haseltine, the company's attorney, president and only director, quietly resigned in the midst of the SEC administrative proceeding.
Vegreville awakening
As previously reported by Stockwatch, Nevada-incorporated St. George can trace its lineage to the former scandal-plagued Vancouver Stock Exchange (VSE), one of the precursors to the TSX Venture Exchange.
Little more than a garden variety Vancouver mining promotion, financially challenged St. George ran out of cash and virtually ceased operations in 1993. The VSE finally suspended trading in St. George in 1995 and then delisted the company early in 1996.
Following the rather ignominious VSE delisting, St. George languished on the pink sheets where it eked out an occasional trade at one-10th of a penny until its surprising revival to join Mr. Casavant's CMKM promotion in September of last year. (All amounts are in U.S. dollars.)
On Sept. 2, 2004, CMKM announced that it had finalized a joint venture agreement with St. George whereby the resuscitated pink sheet shell would cough up $10-million and a whopping 200 billion shares in exchange for a 5-per-cent stake in mineral claims purportedly controlled by Mr. Casavant's own flagging pink sheet promotion.
Within days of that announcement, St. George rocketed to a dizzying 75 cents per share and millions of shares changed hands as excitable investors, including many CMKM shareholders, piled into the obscure stock.
According to company news releases, some issued by St. George and others issued by CMKM, the dusted-off pink sheet shell made four payments of $2.5-million to meet its $10-million commitment, with the final payment delivered by Sept. 28.
The source of that purported $10-million cash infusion has never been disclosed and it is still not clear whether any of that money actually changed hands or what became of the 200 billion St. George shares that reportedly comprised part of the transaction.
Intriguingly, Mr. Casavant reportedly told Dow Jones reporter Carol Remond last September that he really knew nothing at all about St. George.
As reported by Stockwatch on Sept. 16, 2004, however, St. George was headquartered in the unlikely town of Vegreville, Alta., a small farming community known more as the home of the world's largest Easter Egg than a financial hub.
As it turned out, Vegreville was also the home of Mr. Casavant's brother, Victor Casavant, a former Alberta securities violator and one of 23 members of the Casavant family with a stake in CMKM.
Vegreville also turned out to be the home of Mr. Casavant's niece, Vicki Curran, another CMKM shareholder and daughter of Victor Casavant. When contacted by Stockwatch last September, Ms. Curran was serving as St. George's investor relations spokesperson.
Mark Giebelhaus, then St. George's president and only identified officer, also called Vegreville home. Mr. Giebelhaus's background and qualifications remain a mystery.
Ms. Curran told Stockwatch last September 16 that a "handful of press releases" would be issued that week that would explain all about St. George, including the source of the $10-million cash for the CMKM deal, the company's background and its "brand new board of directors."
Alas, the handful of information packed press releases never materialized that week or any other week.
After a far from enlightening Oct. 15, 2004, news release promising further information regarding the company's affairs would be issued later that month, St. George fell silent until April 25 of this year.
By that time, Mr. Casavant's massively diluted CMKM was the subject of an SEC administrative proceeding to revoke the company's stock registration.
Another resuscitation
On April 25, St. George stirred again, announcing that the board of directors, still unidentified, had appointed lawyer William B. Haseltine as the company's president. No mention was made of what had become of Mr. Haseltine's predecessor, Mr. Giebelhaus.
Mr. Haseltine, no blushing ingenue when it comes to floundering pink sheet promotions, gushed about his excitement at the appointment and St. George's "tremendous opportunities in mining."
St. George's new president sketched his immediate goals, which included getting the company current and compliant with its SEC reporting obligations, assessing immediate mining acquisitions and finalizing previous and pending deals with other companies.
Shortly after taking the reins at St. George, Mr. Haseltine issued some fluffy new releases about proposed acquisitions.
On May 2, Mr. Haseltine announced that St. George had signed a letter of intent to merge with Nevada Vermiculite LLC, a deal that would reportedly bring more than $30-million in recoverable assets from a Montana vermiculite mining operation into the company.
The details of that proposed deal remain murky.
On May 25, Mr. Haseltine announced the company had entered into another letter of intent, this one involving the acquisition of all of the uranium properties owned by Mineral Energy and Technology Corp.
According to that fluffy news release, the "very lucrative uranium opportunity" involved proven reserves of over seven million pounds of uranium that, once produced, would have a market value of $200-million.
The details of that "very lucrative" proposed deal also remain murky.
Meanwhile, the matter of St. George's reported transaction with CMKM surfaced in the SEC administrative proceeding against Mr. Casavant's pink sheet promotion.
At a May 10 evidentiary hearing where Mr. Casavant asserted his Fifth Amendment privilege and refused to answer any questions, however, nobody could shed any light on the purported $10-million deal involving St. George.
Regulatory challenge
On June 8, SEC enforcement lawyer Leslie Hakala, who presented the U.S. regulator's case against CMKM, contacted Mr. Haseltine to inquire about St. George's failure to file required periodic reports.
Ms. Hakala informed Mr. Haseltine that if St. George did not file the missing reports by June 22, the enforcement division would consider recommending that the SEC institute revocation proceedings against the company.
Summarizing a telephone conversation with Mr. Haseltine on the morning of June 8, Ms. Hakala noted, among other things, that he had indicated that he was the only officer and director of the company, he had no documents regarding St. George other than the papers in which he had been appointed president and Mr. Giebelhaus had resigned and he knew nothing about the purported $10-million transaction with CMKM.
According to Ms. Hakala, St. George did not file the required periodic reports or even contact the SEC to discuss the matter.
On July 1, the SEC issued an order instituting revocation proceedings against St. George for failing to file annual reports since April of 2002 and failing to file quarterly reports since November of 2002.
Short answer
On July 13, Mr. Haseltine submitted a very brief answer to the SEC order. Indeed, Mr. Haseltine's four-paragraph response on behalf of St. George, which was not received by the U.S. regulator until July 19, barely exceeds one page.
"Respondents admit the allegations in the order to the extent that certain recent filings have not been made that are required by the Securities Exchange Act," Mr. Haseltine wrote, adding that all other charges and allegations were denied.
Mr. Haseltine went on to offer a claim that is more than a little hard to square with St. George's purported $10-million deal with CMKM and subsequent proposed multimillion dollar transactions with other companies.
"Respondent has been dormant for the past two years and has neither conducted any business nor had access to any capital," Mr. Haseltine wrote. "Therefore, the filings could not be made on a timely basis."
Exactly how a company with no access to cash, according to Mr. Haseltine, managed to ante up $10-million for a slice of Mr. Casavant's pink sheet promotion remains a mystery.
Mr. Haseltine wrapped up his July 13 short answer by claiming that St. George had just taken steps to pay its accountants to prepare the delinquent reports, adding that the company expected to become current with its reporting obligations within two weeks.
That, of course, did not happen.
Two weeks after Mr. Haseltine submitted his short answer to the SEC proceedings, a prehearing conference was held before Administrative Law Judge Robert G. Mahony.
At the July 28 prehearing conference, Judge Mahony granted the enforcement division leave to file a motion for summary disposition.
Under the briefing schedule, the SEC had until Aug. 29 to file its motion for summary disposition. St. George was given until Sept. 16 to file an opposition brief and the SEC had until Sept. 26 to file a reply brief.
Quick dismount
On Aug. 25, Mr. Haseltine resigned as St. George's president. At the same time, he resigned his position as the company's attorney.
Mr. Haseltine's faxed resignation was addressed to Bruce Harlan, a resident of Clearwater, Fla., whose connection to St. George is unclear. A copy of the letter was also faxed to Ms. Hakala.
"I hereby resign as president of St. George Metals Inc.," Mr. Haseltine wrote to Mr. Harlan. "Please convey this fact to your clients or to other major shareholders as you determine in your discretion. I also resign my position as attorney for the company."
Mr. Haseltine went on to provide his reasons for climbing out of the saddle as the company's lawyer and president.
"Although I was hired in April to 'clean up the company' and to bring filings with the SEC to current status, payment for my services has not been rendered since May," Mr. Haseltine wrote.
"Your clients are not readily accessible," he continued.
"No documents, including those necessary to support any filings to be made with the SEC, have been provided to me as agreed by your clients in April, 2005," Mr. Haseltine offered as his final reason for pulling the plug.
Mr. Haseltine added a few comments on the fax cover sheet of the copy of his resignation letter that he forwarded to Ms. Hakala.
"Just submitted this," Mr. Haseltine wrote to the SEC lawyer. "I was just told by BH that there was no prospect of receiving any cash from them."
SEC lance
On Aug. 29, four days after Mr. Haseltine resigned and on the filing deadline set out in Judge Mahony's briefing schedule, Ms. Hakala filed a motion for summary disposition of the administrative proceeding.
According to Ms. Hakala, St. George has conceded the factual allegations in the order instituting proceedings and has offered "no cognizable defenses to its repeated past failures to file periodic reports."
Ms. Hakala goes on to argue that the relevant Steadman factors, a guide to determining the appropriate sanction, each militate in favour of revoking St. George's stock registration.
Among other things, Ms. Hakala claims that St. George's reporting violations were egregious and recurring, the company has not offered any meaningful assurances against future violations, those reporting violations are highly likely to continue and the public interest is best served by revoking the company's stock registration.
Stockwatch obtained copies of the documents in the administrative file on Sept. 26. The file did not contain an opposition brief from St. George regarding the SEC motion for summary disposition, though it is possible that a filing was made between the date Stockwatch's request for the documents was processed and the date copies were forwarded.
In any event, barring a timely and compelling opposition brief from St. George, Judge Mahony's deliberations over the SEC motion for summary disposition of the revocation proceedings may be far from taxing.
Indeed, reportedly headless and lawyerless St. George appears to be on the verge of being toppled into the SEC revocation dustbin.
In uninspired trading far below the high of 75 cents notched in the wake of the purported $10-million deal with CMKM, 2,000 shares changed hands as St. George closed at three-10ths of a penny on Sept. 27.
Comments regarding this article may be sent to lwebb*stockwatch.com.
IP: Logged |
posted
Ah, SGGM, the old exact mimiographed PR papers created by UC. Same story, different names. Should be seeing this with USCA, and then GEMM. I think they're all going down. But will reappear as new names & locations....The uranium pr has almost the same wording as the the diamond mining crap. And I beleive SGGM reached at least .90 in very early Oct. 04 as well. It's obvious that the UC machine hopes to do that with uranium..... S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
IP: Logged |
posted
LOL... The "Citigroup" thing was entirely for the benefit of will and he has not been around I guess. If you remember back awhile, that was his response to me coming back to the board after being away a few days.
I love you guys. I'm wondering about the health of my friend wallace and about Ric's wife. Hope things are better there. Far too many posts to read but looks much the same as when I left with the exception of missed forecasts about cmkx being history long before now. Oh well... lol... I understand that feeling, having spent 38 years trying to predict the weather.
Anyway, good to see you guys. My family took in a Thai mother and daughter to make it possible for them to keep their restaurant and I have been quite busy getting the daughter enrolled in college, driving her back and forth to classes, and teaching her to drive. Whew... soon she will have a car and driver's license. lol
GO CMKX.... Guys...be gentle with legal. He's a friend too
IP: Logged |
quote:Originally posted by Wallace#1: "All I know is I have many shares at no cost with many JV Partners at no cost,& the gem of the deal The spinoff on 9/30/03 in cert form."
And in the end, all losers.
Nice thing about certs, wallace.... you can use them if you run out of red and white corn cobs or sears catalogues.
IP: Logged |
posted
IMO SGGM was pulled out of moth balls to be used as the fifth dividend in "Operation Dividend". However that was delayed due to the MM's coming to the bargaining table. That speculation is what drove the early price run.
IP: Logged |
Not sure what you mean by "Operation Dividend". Don't you think it is a bit suspect that a defunct company supposedly gave CMKX $10M? Where did this money come from? This is a huge chunk of money for 90% of the world's companies.
IP: Logged |
posted
dw, I saw your CTIGROUP posts, and new exactly what it was about. I typed a response, but it didn't post. Guess I switched screens or refreshed to fast. I was involved in some other nonsense, and was hurried. Good see you're back around.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
How does a company who supposedly invested 10MM (plus 200 billion shares) with CMKX not have a few hundred dollars to create a homepage (at least a static one)?
Please answer this question for me: How do you know that any of this money ever exchanged hands? The PR doesn't count.
Also, has CMKX ever had real business dealing with any company that wasn't a pink or a OTCBB?
IP: Logged |
How does a company who supposedly invested 10MM (plus 200 billion shares) with CMKX not have a few hundred dollars to create a homepage (at least a static one)?
Please answer this question for me: How do you know that any of this money ever exchanged hands? The PR doesn't count.
Also, has CMKX ever had real business dealing with any company that wasn't a pink or a OTCBB?
St George Metals was a shell sitting in a Shawn Hackman Rental PO Box prior to being brought out on the CMKX scene. (You might remember Hackman is the John Edwards cohort who turned States Evidence early last year) It probably never was anything more than an Edwards shell, devised to transfer funds. Check the Wallace Giebelhaus shares disbusement on Pedro's lists to discover the source of the funds. But remember, it was Edwards who was behind the scenes on this one.
CMKX has several Canadian joint ventures that are neither on Pinks or OTCBB.
IP: Logged |
posted
Do they have any JVs with public companies that are not on the pinks or OTCBB?
Also, it seems like everyone is pointing their fingers at Edwards.... but isn't UC the CEO? When Worldcom and Tyco had their issues both CEOs took the bullet.
IP: Logged |
quote:Originally posted by santacruzblur: Do they have any JVs with public companies that are not on the pinks or OTCBB?
Also, it seems like everyone is pointing their fingers at Edwards.... but isn't UC the CEO? When Worldcom and Tyco had their issues both CEOs took the bullet.
If one of those CEOs had been working with the DOJ there may have been a different outcome.
IP: Logged |
quote:Originally posted by will: dw, I saw your CTIGROUP posts, and new exactly what it was about. I typed a response, but it didn't post. Guess I switched screens or refreshed to fast. I was involved in some other nonsense, and was hurried. Good see you're back around.
Hey Will good to see you too. I discovered that my McAfee privacy program that blocks cookies has to be disabled in order for me to post on allstocks.
IP: Logged |
posted
Yea, you got to watch your cookies, man. Especially when a guy named Bruce McAfee is after them. So, what ya think, dw. We have a huge NSS + a DOJ sting + a priceless value, or we still waitng on CITIGROUP ? You remember them , they're the guy's that said get our decal off of your pos race car, before we own it.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
posted
September 27, 2005 · China's failed attempt to take over the U.S. oil company Unocal raised concerns in America about the communist nation's influence on the global energy market. But where China failed to acquire an oil company in the U.S., it has found success in the oil resource sector of Canada. http://www.npr.org/templates/story/story.php?storyId=4865764&ft=1&f=1006
IP: Logged |
posted
great now your gonna tell us the cmkx will be supplying china with huge amounts of oil. seriously legal, how much LSD did you do as a teen??? those flashbacks must be he11.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
Upside, you never heard the stock boiler room game??? you call 20 ppl, you tell 10 to buy & 10 to short. in 2 weeks you call those folks you told to do the right thing & push the stock whatever company you work for owns & wants to run. its the first pump & dump game in the market.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
quote:Originally posted by bill1352: great now your gonna tell us the cmkx will be supplying china with huge amounts of oil. seriously legal, how much LSD did you do as a teen??? those flashbacks must be he11.
Well UC and Ed have made three trips to China this month. Probably not getting new suits.
IP: Logged |
posted
Canada? How bout the WORLD. Add to this that UC was in Hong Kong, now you got something. Along with the DOJ sting operation, and the NSS situation, you're gold, man. Oops! Did I say gold, no wait that's in Ecuador, I can say that.
quote:Originally posted by legaleagle:
quote:Originally posted by Upside: Dang, does ANYTHING happen in Canada that doesn't involve CMKX?
It's hard to miss those 3.5 million acres. Oops now I've done it.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
