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.
Any predictions for Monday opening bell?
I am very optimistic about CKYS making it to the next level. As of today's addition of 700k, I am a proud shareholder of more than 2% of the float. YEAH! Let's make 2007 be the year of posperity for all who show faith.
Over and out.
There are several manufacturers & suppliers in China, Taiwan, and Hong Kong on the same technology. The advantage Cyberkey Solutions has is its name and that their products are made in the USA. If the technology deals with security, I am sure the various US government agencies would prefer products made in the USA over cheap substitutes from overseas, especially China.
China - Manufacturer and Supplier
http://www.biometrics-bj.com/
All you doubters should get lost; bashers bring your buddies with you! All you do is find ways to discredit. CKYS is a legitimate company with a lot of potential. If they are what you claim, the $25 million contract with DHS couldn't have happened. No CEOs would authorize an order of $2.5 million without solid contracts in place.
The picture gallery proved JP didn't just like photo ops with the top brass, without having in-depth discussions. The back-ordered items could be that the company doesn't have enough supply due to unexpected overwhelming demand. Whatever the reason, JP is very forthcoming with shareholders and prospective investors. If anyone has a question, I am sure he will welcome the opportunity to share. Just keep in mind, Cyberkey Solutions is still growing; JP is taking care of business and not sitting around to answer investors' questions.
If you like the stock, go rock the craddle somewhere else. You make no positive contribution but cause more confusion. There are a lot of good people on this board who believe in JP's vision.
I am holding about 4 million shares, averaged @ .03. You think I should dump at .0245 and buy back at .02 to bring my average down? NOT!
If you are going to cut your losses and move on, today would is a nice day to so, because nothing is happening between now and 9:40 am tomorrow.
Either I go down with the ship, or I'll sail in style
I sent an email to tickle the management about the current situation. The email went out yesterday; I received a reply early today. That means someone is on top of things.
My purpose was to test the response time, if any at all like we witnessed in the past. Another point I wanted to make was to see if Ken Lamb was doing something to give the stock a little heart beat. It appears Ken Lamb is being put to work.
I think it's good that MGMX has been more responsive on emails. I am sure that the company is fully aware of the decline in the PPS, and they are doing things behind the scene... As stated in one of the replies from management by a poster, MGMX will release updates of production numbers late December or early January 2007. Also, RedSky's second trip to Columbia should shed more light on new developments. GLTA!
Mr. Tran,
We thank you for your query and wish to inform you that Mr. Lamb is still with our company operating under the same position as before. It may appear to you that he is running the company from the 'shawdows' but we can reassure that this is far from the fact. Mr. Lamb is constantly working on implementation of proper protocols for mining, reporting and coordinating between Colombia and N. America. The logistics of communication between multiple time zones, translations and so forth has primarliy been the onus of Mr. Lamb's time. We are currently implementing procedures to create more of an air of transparency and our first step was to establish a investor relations department to cater to all queries and submissions to the company. This was due to the fact that Mr. Lamb has been spending so much time coordinating all office affairs.
We thank you for your continuing support and will be updating you shortly on progress made.
Thank You,
Management
Someone should talk to JP into hiring iceman to safeguard the company's premises.
Thank you!
Folks, I picked up another 2.5mil @ .03 this morning, because I know it's worth more. I had the option to cancel the order to go on the bid side, but I chose to leave it on the ask for the various blocks to be completed.
I haven't posted on here but once; however, I've read most of the exchanges on this MB....I just hope for some to stay on the topic.
GLTA
This is my first post on this MB. It was the intelligent exchange of views on here that re-enforced my DD to buy more than a million shares of ckeys. Last Monday was a cloudy day, which would have swayed me elsewhere, had I entered then. I am glad I have a position in this. I look forward to adding more.
Thanks to all who have made this very exciting and informative.
What RedSky has done is more than anyone on this board is willing to do. He's made it his personal mission to uncover the truth about MGMX by going to Columbia. He and the rest of the shareholders are in the same boat. The pictures obviously show there's something brewing, and yes it's frustrating that the management hasn't been proactive in the investor relations department. That could be the culprit for the decline in PPS - there's no transparancy.
I am very disappointed with the current situation, but that doesn't give me the right to launch a hate campaign. So, with that said, please refrain from pointing the finger. Sometimes I feel like screaming, but does it help the situation? NO! All I can do is sit tight and hope for the best. RedSky is going back to Columbia to give us more insight on the developments there. I am sure he's got a lot of heart burns about the PPS, but he's not sitting around whining to other's music.
Just relax dude. If the company can produce according to the PRs, then we should look forward to a prosperous 2007.
Stop your childish play with personal attacks on RedSky or anyone on this board.
They could announce 10 more acquisitions within the next 2 years but no real numbers, the PPS will continue to drop. The only thing they can do is to be more transparent, in order to give this company any value. The first order of business is to relief Ken Lamb of his post and bring in someone who has some true vision for the company. As things stand the company is going no where. Even if MGMX can produce real numbers, investors will be leery of Lamb's little hide away games. What makes or breaks a stock is its transparency. Lamb has not convinced me he's the man for the job. He's supposed to be the mouthpiece for MGMX, which he hasn't done much to prove to me as a significant shareholder any confidence. I am still a loyal investor, but MGMX must do something to ascertain a mutual relationship.
Ken Lamb should learn his Executive General Orders as President. The direction that the stock is headed is rather depressing. Silence of Mr. Lamb is killing us. It doesn't take much to give this thing some heart beat.
I hate watching from the sidelines, because I don't want to voice my frustrations which may come across as bashing. I own a significant amount of shares, and wish to remain long. But so far the company has done little to convince me otherwise. Let's hope the new year will bring better results.
RedSky, it's good to see you back. I hope your next will give all of us a clearer picture of what's going on down there. To date it's been depressing.
If you could gather information such as daily production, number of workers actively working in the mines, specific processes, situation on independent geologist, etc. would be nice. Also, if you could find out why Ken Lamb is so reluctant to answer questions???? If the company expects to have any perceived value, it must be more transparent. See if you can convince them to have a Q&A on their website....
CKYS and MGMX should give you great ROI. Hang on to MGMX because it's walking softly with a big, golden stick. There's a light at the end of the tunnel for MGMX. It could be a train coming or real blue skies ahead.
While we wait on news, I think it might be worth looking at something else. Have you guys followed CKYS.PK? It seems like they are destined for a bright future with a lot of potential. I got in a bit late, but my entry point was still decent to earn back almost half of the shortfalls in MGMX.
Like anything else, please do your own DD; I've spent many restless nights researching. CKYS seems to be The One. The best I could do is offer you good folks something to make up for your mental anguish with MGMX. May we all have a good year this and next.
Thanks for the clarification of dates. That means we are due numbers sooner than Thanksgiving.
Imagine tomorrow being the big day and we have volume going up the wazoo, which will cause a bit of stir come Monday.
I am glad you are on the ball. I guess that means we can expect to have a thankful Thanksgiving Holiday.
Their PR on October 3rd suggested 90-120 days; November 9 PR indicated that the target date between 45-60 days is still on track and will be met. The timeframe given is in synch with the information they've released thus far.
What puzzles me most is Ken Lamb who is supposed to be the mouthpiece for MGMX is playing possum. Building confidence with shareholders and prospective investors doesn't take a marketing genius. He could at least have a Q&A on the website to update or answer questions. That's where I question his competence. A little professional courtesy would be appreciated, if he could take a few minutes each day/week to address shareholders' concerns. No response on phone calls, no replies on emails - NADA!
"We understand that our shareholders' concerns revolve around the production and the generation of revenue. We ask that they exercise their continuing patience, as the rewards in the end will outweigh the time it took for MGM Mineral Resources to build the foundations of an ever growing Company."
Ken Lamb, either you are out in the trenches digging, or you are too pre-occupied with the master plan...I am giving you the benifit of the doubt, because I believe MGMX is literally siting on a gold mine. I am hoping to be wrong about my impression of you. Please give me something to believe that you are the man to make things happen for MGMX.
GLTA
I am speechless with what's happened to this stock. I hope Ken Lamb realizes what he has done, or should I say hasn't done? It doesn't take a genius to understand that the news releases are getting old with little substance. I want more meat to chew on, not reading about how good something tastes.
MGMX, FRONT and CENTER!
Present, GOLD!
What's the cut-off date? Otherwise, it wouldn't be fair if someone enters at the last minute and others had submitted their guesses 2-3 prior.
15,000,000th post at 1:30pm 11/30/2006
I am still optimistic about MGMX making it big. It's just a matter of time before they truly come forward with real information. Unfortunately, it's been quite frustrating how the management cannot be more transparent with information. The simple fact that they don't return phone calls or reply to email just makes things worse when they emphasize "increase shareholder and company value" in the PRs.
Whoever can get through to Ken Lamb should ask to be the main point of contact (Liason). Otherwise, he would be too overwhelmed with email, faxes, phone calls. One person should be designated as primary contact person to exchange shareholders' concerns and have them addressed accordingly. The responses need not be specific, but he could at least give us assurances that the company is still on track and the unexpected spike in volume was/wasn't part of the company doing, ect. The point here is communication, which we have none.
Ken Lamb may feel he's got a sound business plan and everything is on track as stated in the public announcements, but that is not good enough. There's more to running a company, other than attending meetings and announcing more acquisitions; shareholders' opinions and investor interests must be addressed. Otherwise, MGMX is just a ghost rider. I am a faithful shareholder and willing to hold on, but help me understand why simple inquiries cannot be reciprocated with a response???
I don't think me along with other shareholders are irrational in our "demand" for information. We just want to know if the company still has a heart beat. RedSky's pictures helped solidify my confidence, BUT more needs to be addressed - transparency and COMMUNICATION! I do not expect Ken Lamb to run a PR Campaign, but don't run the company into the ground by ignoring the fundamentals.
An educated investor is an informed investor. If you are not cut out for this, then perhaps put your money in a CD. This is the real deal, and nothing will bluff us in folding. We are here for the long haul.
MGMX is not for the faint-hearted.
I know MGMX is strategically positioned to maximize production in one of the most fertile gold region. Once production is realized with official and actual numbers, we can all have a day at the bank.
I have a feeling MGMX is as anxious as we are with new developments. It's just a matter of time before they make any official announcement on numbers. I expect the independent geologist report coming out prior, and then of course oro = dinero
You mean some company is buying out MGMX, or are they buying the land for MGMX?
Suppose MGMX could meet expectation of $16 million. How much do you anticipate the price will go to?
Just put another 2 million shares in the piggy bank.
If you look at Cambridge Mineral Resources, which is very similar to MGMX. The current price is 3.50 GBP (6.66820 USD).
http://quote.bloomberg.com/apps/quote?ticker=CMR:LN
1 GBP = 1.90520 USD
Short-term: patience
Long-term: go visit Columbia and stay there with first-class treatment
I loaded the boat with quite a few million already. I just wanted to test my theory.....
The share price at .0019 seems to be a pretty solid base. It's just a matter of time now. This thing aint going be bear in hibernation no more but will be a raging bull.
I put in an order for 3 mil shares @ .0018 since last night, but it hasn't gone through yet. It's not even all-or-none. I guess the shares are not available at that price level.
Kermit is committing time for school. I am sure when he has time he will visit us. He's not going anywhere; we will be here to welcome him anytime.
But you what? When MGMX takes off....he'll be one of the first to be here.
Kermit, good luck with school work.
06 November 2006
CAMBRIDGE MINERAL RESOURCES PLC (AIM:CMR)
Update on progress towards gold production in Colombia
Cambridge Mineral Resources plc ("CMR" or "the Company"), the mining exploration and production company, is pleased to announce substantial progress on its operations in Colombia with significant expansion of its portfolio of properties.
Quintana gold mine development now ahead of schedule, with excellent gold and silver grades, and potentially economic resource tonnages being established.
Independent initial JORC-compliant reserve verification study of Quintana scheduled for December 2006.
El Cinco gold mine evaluation has identified significant multiple gold vein development targets.
Acquisition of two additional high-grade gold mines, Mina La Linda and Mina del Sol, in the world class Frontino gold belt.
Land holdings to date of over 45,000 hectares.
MISSION
CMR's mission is to become a significant producer of gold and precious metals, and the medium-term objective is to achieve steadily rising annual production to over 100,000 ounces of gold.
STRATEGY
Our strategy is to acquire and develop a portfolio of small high-grade gold mines in Colombia and Peru, and to increase production to economic levels by the implementation of modern mine methodologies and mining equipment. In Colombia, CMR plans to establish a central processing plant to service combined output on a cost-effective basis.
FINANCE
Asset and production funding will be by means of project finance facilities following independent feasibility studies, which are presently being scoped.
PROGRESS TO DATE
CMR entered Colombia at the end of 2005. Within 12 months the Company has acquired five gold mines under joint venture options, two of which are announced today. All mines are situated within the world-class Frontino Gold Belt in the Antioquia department of north-western Colombia. At Quintana, our first mine acquisition, progress ahead of schedule has been made in resource definition and mine development. At El Cinco, our second acquisition, good progress is being made in the identification and evaluation of gold vein structures. CMR currently employs 45 staff and land holdings exceed 45,000 hectares. The Company is also implementing an extensive Corporate and Social Responsibility program for the workers and communities within its operational areas.
QUINTANA GOLD MINE
Underground exploration and development is currently underway at Quintana to define ore reserves blocked out by underground workings. Development activities are currently producing approximately 18 tonnes of development ore per day.
Development has now been completed on 1 Level over a 90 metre drive on the vein. Sampling has returned an average grade of 10.1g/t gold over an average 1.06 metre vein width, with grades as high as 46.0g/t gold over 1.55 metres also reported.
Current development has, thus far, defined the following JORC-compliant resources, as estimated by professionally accredited and qualified in-house personnel: a Measured Resource of 10,921 tonnes grading 9.63g/t gold and 20g/t silver within the areas of current workings, and an Indicated Resource of 28,590 tonnes grading 9.49g/t gold and 20g/t silver, within and adjacent to the area of current workings. A new internal inclined shaft is currently being sunk to 2 Level to better define this resource and a formal independent JORC-compliant Reserve and Resource Statement will be issued upon completion of this initial development.
CMR has recently purchased a new diamond drill and will shortly commence its first drilling programme at Quintana. The intention is to test the continuity of the existing vein at elevations equivalent to the planned 2 and 3 Levels, and, potentially, intersect a number of parallel veins identified by previous exploration work. Ongoing exploration work adjacent to Quintana has identified a number of high-grade quartz veins similar to that being mined at Quintana. These will be the subject of further exploration over the next few months.
EL CINCO
Over the past four months, the Company has completed an initial surface exploration programme at its El Cinco project, located 40km north of Quintana. This has primarily consisted of more than 200m of trenching and over 250m of short, shallow underground tunnelling, with the aim of identifying and evaluating the various different gold bearing vein structures within the Chingale multi-vein zone of the project.
The work has successfully identified at least four separate vein sets with grades up to 97g/t gold over 2.7m on the Chingale vein and 44g/t gold over 1.1m, 29.95g/t gold over 0.8m and 11.99g/t gold over 0.7m from other veins in the immediate area.
Present work at the site is targeting the zone where these different vein sets appear to coalesce and where historically greater vein widths and grades have been identified (see Press Release dated 15/03/06), with the aim of identifying targets for drilling and primary underground mine development.
MINA LA LINDA
CMR is pleased to announce that it has completed the signing of an option agreement on its fourth gold mine, located within the Caldas Department of Colombia.
Mina La Linda is a small scale, high-grade mining operation that has produced small tonnages of ore by artisanal methods from a steeply dipping mesothermal gold vein. Sampling by CMR's geological team has returned assays as high as 40.08g/t gold and 124.40g/t silver and has confirmed average grades of 11.2g/t gold, 71.8g/t silver, 1.6% lead and 2.1% zinc over typical vein widths of between 0.75m and 1.25m. The mine has to date only been developed over a short strike length of approximately 20m, however work by CMR geologists has suggested that the La Linda vein remains open along strike for several hundred metres and at depth.
Under the terms of the option agreement CMR will conduct surface based exploration to define the extent of the vein to be followed by underground exploration and surface diamond drilling. CMR may exit the option agreement at any time should exploration activities indicate that La Linda may not make the target of being able to sustain a 50-100 tonnes per day mining operation.
In fulfilment of the option agreement CMR will make staged payments, which could total US$160,000 over a five year period to earn a 90% controlling interest. The mine permit area covers 200 hectares and CMR has lodged additional permit applications over a surrounding 1,600 hectares.
MINA DEL SOL
CMR is pleased to announce that it has completed the signing of an option agreement on its fifth gold mining project after stiff competition from a number of other interested parties including two majors.
The Mina del Sol gold deposit is located in the Department of Antioquia, northwest Colombia, approximately 70km from the city of Medellín. In addition to artisanal mining carried out over the past two decades the deposit was subject to exploration by Corona Goldfields between 1994 and 2000.
The area of the mining title is underlain by acid intrusive rocks, forming part of the Antioquia batholith, with at least two separate pulses obvious in the field. Mineralization at Mina del Sol comprises of a number of sub-parallel shear zones, which are extensively silicified and contain minor sulphide minerals, in addition argillic alteration within the adjacent granodiorites also has returned significant gold values. The total mineralized width is seen to be over 43.6m and the silicified body can be seen in outcrop over approximately 150m of strike.
Previously reported trench and short adit intersections have included:Trench No. 200 11.0m @ 12.09 g/t gold Main Shear
Trench No. 201 30.0m @ 9.30 g/t gold Main Shear
101-105 11.0m @ 7.14 g/t gold Main Shear
107-108 5.0m @ 9.18 g/t gold Wallrock
Adit 9356 20.0m @ 0.86 g/t gold Wallrock
In addition to these trench and adit samples numerous other assays have been reported to have returned high grade gold values up to 111.65g/t gold over short intervals within the mineralized zone.
In fulfilment of the option agreement CMR will make staged payments totalling US$326,667 over a two year period to earn a 62.22% controlling interest. Negotiations are currently ongoing to acquire a further 31.11% interest for US$163,333. The mine permit area covers 261 hectares and CMR has lodged additional permit applications over a neighbouring 368 hectares.
Work to date is focused on fully understanding the mineralizing controls within the area of historic workings and extending the structure along strike and down dip through diamond drilling.
Colin Andrew, Managing Director, Cambridge Mineral Resources plc, commented:
"Quintana is the most advanced of CMR's Colombian development programmes. We are confident that we will be able to make a decision on moving to full production within the next three months. This will enable us to start plant construction and for the ramp up of production to 50-100 tonnes of ore per day. The project is ahead of schedule and the results to date are very encouraging."
"La Linda is a further valuable addition to our rapidly expanding portfolio of assets in Colombia and possesses the potential to be another significant contributor to gold production and revenue generation."
"Mina del Sol appears to have the potential to be a world-class gold discovery. Previous work has shown that exceptional grades and widths occur here and we will commence diamond drilling in December this year. This project shows the potential that exists in Colombia and we will continue to add similar high quality projects to the Company's portfolio."
Colin J. Andrew BSc ARSM MIMMM FGS CEng, Managing Director of Cambridge Mineral Resources plc, and a Qualified Person as defined by the "Guidance Note for Mining, Oil and Gas Companies, March 2006" of the London Stock Exchange, has reviewed the information contained herein.
Cambridge Mineral Resources operates in the same vicinity of MGMX, with most of their mines also situated within the world-class Frontino Gold Belt. The two seem to have a lot of things in common.
Check out the link for more information on how MGMX will fair down the road.
http://www.cambmin.co.uk/?page=press_releases&num=64
RedSky, what was your personal impression of the level of production at Las Malvinas site? The pictures are very impressive, but how much are they doing per day/week/month from the information you gathered while you were there? How many workers did you observe working and what was their usual schedule?
I think that they knew these mines had a lot of potential. They had to find a way to pump the value so they could issue the shares at very inflated prices to raise money for their operations. Since then most of the PRs came out with mostly forward looking information and little substance.
I believe they are producing now, but the volume may not be enough to record in the books and report it. Whatever has been processed so far could be used as operating expenses and buying new equipment. I am sure when volume is significant enough they will announce numbers and so forth. Keep in mind that they have announced the 60-90 days time frame for the company to be in production, so let's wait and see. From the pictures we can see they have people working and there are equipment in place. We shouldn't be concerned whether they are legitimate, but we should ask how much gold. The million question is WHEN?
I think you meant 15 cents (not .15 cents = .0015)