Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
At least learn how to spell "your a scam" should be you're a scam.
I know you don't!! ROFLMAO!!
Thorliefson is not associated with NSDM as a matter of fact he threatened them with a lawyers letter if they ever mentioned his name again.
It would be easier for a duck to pass through the eye of a needle than for CMKX to list on the AMEX. IT IS A SCAM!!
You're right TSX and Janice won't succeed in making you see what type of scam this really is.
I think TSX is just amazed that a scam of this magnitude can exist in the marketplace.
What if there is a criminal record? Or pending charges in Canada?
Did you actually read that news release!
Kimberley SOUTH AFRICA
how to successfully run a pink sheet company
http://www.reallyweirdstuff.com/howtobesuccessfulcultleader.htm
Smoking a lot of dope probably does not help either.
and Hitler to...
Urban is trying to help people.
Is Urbie a landed immigrant or is he in the US on a tourist visa? It appears he may be coming back to Canada for a reason.
Walter Stunder: "This is an important milestone for NSDM as it is another step forward to become a fully vertically integrated diamond company."
What is a fully vertical integrated diamond company?
Rumor has it the media day is going to take place at the Hatchet Lake Lodge.
Is it true there is a big staking rush covering the Wild Cat hills right now?
I started writing a similar post to yours earlier this evening and gave it up. This post was showing positive things instead of negative and the devil obviously has the better tunes in this regard.
The main negative charge for this stock is that if something is ever found on CMKM land the Casavant private company has a 10% royalty on it. This effectively kills any type of development. Attached is an NSR we have on a diamond property in FALC that I share with DeBeers in FALC which is for a 1% NSR.
There is a mistake in 1.4 and I wonder if our mining experts here can find it.
SCHEDULE B
to the agreement dated as of July 13, 2004 between
SCC ("SCC")
and ("COMPANY")
Net Smelter Returns Royalty
1.1 Net Smelter Returns Royalty shall be the Gross Revenue received by COMPANY, less Permissible Deductions, calculated on a quarterly basis with the following meaning in effect:
(a) "Gross Revenue" means the aggregate of the following amounts received in each quarterly period following the commencement of commercial production:
(i) the revenue received by COMPANY from arm's length purchasers of all mineral products produced from the Property ("Products"),
(ii) the fair market value of all Products sold by COMPANY in such period to persons not dealing at arm's length with COMPANY, and
(iii) COMPANY'S share of the proceeds of insurance on Products;
(b) "Permissible Deductions" means the aggregate of the following charges (to the extent that they are not deducted by any purchaser in computing payment) that are
paid by COMPANY in each quarterly period:
(i) sales charges levied by any sales agent on the sale of Products,
(ii) transportation costs for Products from the Property to the place of beneficiation, processing or treatment and thence to the place of delivery of Products to a purchaser thereof, including shipping, freight, handling and forwarding expenses,
(iii) all costs, expenses and charges of any nature whatsoever which are either paid or incurred by COMPANY in connection with the refinement or
beneficiation of Products after leaving the Property, including all weighing, sampling, assaying and representation costs, metal losses, any of umpire charges, and any
penalties charged by the processor, refinery or smelter, and
(iv) all insurance costs on Products and any government royalties, production taxes, severance taxes and sales and other taxes levied on Products or on the production or value thereof (other than any Federal, Provincial or municipal taxes levied on the income or profit of COMPANY),
Provided that where a cost or expense otherwise constituting a Permissible Deduction is incurred by COMPANY in a transaction with a party with whom it is not dealing at arm's length (as that term is defined in the Income Tax Act (Canada), such cost or expense may be deducted but only as to the lessor of the actual cost incurred by COMPANY or the fair market value thereof, calculated at the time of such transaction and under all the circumstances thereof.
1.2 The payment on account of the Royalty for each calendar quarter will be calculated and paid within sixty (60) days after the end of each calendar quarter. Smelter settlement sheets, if any, and a statement setting forth calculations in sufficient detail to show the payment's derivation (the "Statement") must be submitted with the payment.
1.3 In the event that final amounts required for the calculation of the payment on account of the Royalty are not available within the time period referred to in section 1.2 of the Agreement, then the provisional amounts will be estimated and such payment will be paid on the basis of this provisional calculation. Positive or negative adjustments will be made to the payment on account of the Royalty for the succeeding quarter.
1.4 All payments on account of the Royalty will be considered final and in full satisfaction of all obligations of the COMPANY or with respect thereto, unless SCC delivers to COMPANY a written notice (the "Objection Notice") describing and setting forth a specific objection to the calculation thereof within sixty (60) days after receipt by SCC of the Statement. If SCC objects to a particular Statement as herein provided, SCC will, for a period of sixty (60) days after COMPANY'S receipt of such Objection Notice, have the right, upon reasonable notice and at reasonable times, to have COMPANY'S accounts and records relating to the calculation of the payment in question audited by the auditors of SCC. If such audit determines that there has been a deficiency or an excess in the payment made to SCC, such deficiency or excess will be resolved by adjusting the next quarterly payment due hereunder. SCC will pay all the costs and expenses of such audit unless a deficiency of five (5%) percent or more of the amount due is determined to exist. COMPANY will pay the costs and expenses of such audits if a deficiency of five (5%) percent or more of the amount due is determined to exist. All books and records used and kept by COMPANY to calculate the Royalty due hereunder will be kept in accordance with generally accepted accounting principles. Failure on the part of SCC to make claim against Company for adjustment in such sixty (60) day period by delivery of an Objection Notice will conclusively establish the correctness and sufficiency of the Statement and payment on account of the Royalty for such quarter.
1.5 All profits and losses resulting from Company engaging in any commodity futures trading, option trading, metals trading, gold loans or any combination thereof, and any other hedging transaction with respect to a Product which is a precious metal (collectively "Hedging Transactions") are specifically excluded from calculations of the payments of the Royalty pursuant to this Agreement (it being the intent of the parties that COMPANY will have the unrestricted right to market and sell Product to third parties in any manner as it chooses and that SCC will not have any right to participate in such marketing activities or to share in any profits or losses therefrom). All Hedging Transactions by COMPANY and all profits or losses associated therewith, if any, will be solely for COMPANY'S account. The amount of Net Smelter Revenue derived from all Product subject to Hedging Transactions by COMPANY will be determined pursuant to the provisions of the paragraph 1.5 and not paragraph 1.1.
1.6 SCC may transfer all or any portion of its interest in the Royalty , but if the Royalty becomes payable to three or more parties, those parties will appoint, and will deliver to Company a document executed by all those parties appointing, a single agent or trustee of all such parties to whom COMPANY will make all payments on account of the Royalty. COMPANY will have no responsibility as to the division of the Royalty payments among such parties, and if COMPANY makes a payment or payments on account of the Royalty to such appointed trustee or agent in accordance with the provisions of this paragraph 1.6, it will be conclusively deemed that such payment or payments have been received by SCC. All charges of the agent or trustee will be born solely by the parties receiving payments on account of the Royalty.
I thought bass guitars were supposed to have four strings.
That will never happen in this terrain.
The kimberlite at FALC sits above basement and is very young at around 100 million years and is found at about 300 feet.
The first crystalline basement rocks where you would find gold, copper and PGE's are over 1 mile down.
"We all need to work together in this snake infested swamp called the market. If we share DD and ideas, we all have a better chance to make money."
Therefore you put people who know more than you do on ignore?
Forgive me father in this confession for I know not what I do, and please don't tell me...
You'll see...
yes, I have
Just wait 'til TSX opens his eyes Monday-Tuesday to what the boys have got planned. I can't hardly believe it myself!!
It's all over for NSDM except for the fat lady trying to squeeze into the clown car.
how about a killer oil deal ready to drill and complete within 6 weeks...
boatRgirl, if that was a CMKX diamond you would need a high powered microscope to see it.
"And I have a little advice for you.......Unfortunately I'm not allowed to post it here."
ROFLMAO!!
Did you know that at 30 cents CMKX would have a larger market capitalization than DeBeers, BHP and Kennecott combined?
Does this not seem ludicrous to you considering the one kimberlite they found has no diamonds in it?
I have a prize for you and every CMKX investor should also take the test.
http://www.iqtest.com/
LMN was a bigger scam than CMKX could ever hope to be.
http://www.leadermining.com/news-frame.html
http://www.stockhouse.ca/bullboards/forum.asp?symbol=LMN&table=list
Have you ever taken delivery of a cert?
1) You place order for cert.
2) You pay for generating cert.
3) You take deilvery of cert.
4) You tuck cert, away in safe place.
There is no reason at all to ever take a cert out of commission except to slow down the amount of people trading.
Usually when there is a call to take delivery of certs there is really bad news coming down the pike, i.e. get out of this one now!
The most important thing to remember is if all the Carolyn kimberlite was concentrated on surface, packed in bags and ready for shipping to a processing facility it would cost more in gas to ship than would pay-back in diamonds.
How come the big CMKX is not involved in the new Saskatchewan diamond discovery along the Manitoba border?
I love it when they start asking shareholders to take delivery of certs.
Leader Mining International Inc. (LMN) did the same thing in Canada recently prior to being flushed by regulatory authorities.
If you take delivery of your shares -
1) You will probably lose them
2) You certainly can't trade them
3) You will feel good about yourself (proactive) like belonging to a church or something, e.g. the Church of Urbie.
4) You may even get to pose with Urbie beside the clown car.
It will all be over soon.
"POST A LINK"? I'm sorry I'm connected to the real world and you're not, maybe in your next incarnation you will have better luck.
Thanks!
Yes, being drilled by a private company with Chinese money.
Al Moen (sp?)
Just heard over the weekend there is a major falling out with the three guys behind CMKX, Urbie, Al and Koch.