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Interesting activity/volume this early! eom
Another interesting read from Sterling's Classroom Member Forum
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By: WizeFool
22 Oct 2004, 06:58 AM EDT
Msg. 104576 of 104582
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China Set To Buy Up
Canada's Resources
By Geoffrey York
The Globe and Mail
10-21-4
BEIJING -- China's Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada's biggest mining company: Get ready for more to come.
In an exclusive interview with The Globe and Mail in Beijing this week, Chinese Foreign Minister Li Zhaoxing made it plain that the controversial $7-billion takeover of Noranda Inc. is just a small element in a much more ambitious strategy of investment in Canada's resources sector to feed China's voracious appetite for raw materials.
"Given our rapid economic growth, we're facing an acute shortage of natural resources," the Foreign Minister told The Globe.
"No matter how plentiful our natural resources, when you divide them by our population of 1.3 billion, the figure will be very small," he said.
"The Chinese government is encouraging Chinese enterprises to make investments in Canada, particularly in the field of resources exploitation."
It is the first public comment on the Noranda issue by a senior Chinese leader since the controversy over the planned takeover erupted last month.
Though the minister did not identify any specific targets for future Chinese buyers, it is known that two of China's biggest state-controlled oil companies are considering major investments in Alberta's oil sands. In other potential billion-dollar deals, Chinese oil and mining companies are looking at lucrative assets held by Canadian companies in Ecuador and Mongolia.
The proposed takeover of Noranda by state-owned China Minmetals Corp. has shocked many Canadian observers, but it is a potent symbol of China's sudden emergence as a powerful global investor and a massive consumer of commodities. China is hungry for supplies and expertise in the natural resources sector, and Canada has both.
The Noranda takeover - which is expected to be finalized by mid-November, becoming the biggest overseas acquisition by a Chinese corporation - has sparked questions by several MPs who have raised human-rights concerns. Some say the deal should be blocked because of reports that China Minmetals has been linked to the use of forced labour in the Chinese prison gulag.
China's Foreign Minister vigorously rejected the human-rights concerns.
"You can tell your readers that they needn't worry at all about China's development," he said.
"In the international arena, we act in accordance with international law and international practice. We will act in accordance with the rules of the World Trade Organization, as a member of WTO."
He insisted that human rights are fully protected by the Chinese constitution, and argued that China's human-rights situation is not too different from that of Canada.
"On human rights, I believe, our two peoples have a lot in common," he said.
"Liberty, democracy, freedom and whatever, we share a lot. What is democracy? Democracy is a way in which people enjoy their rights according to law. If the Chinese people and government are working in accordance with our constitution and law, why do people in Canada worry about this? "I don't think there is anything to give a reason for those people to worry about China's human-rights record. Perhaps those people have not read at all the Chinese constitution. Perhaps they have not been to China and also perhaps they don't know history."
He invoked the memory of Norman Bethune, the Canadian surgeon who became a Communist martyr after he died in 1939 while tending to wounded Communist soldiers on the battlefield after the Japanese invasion of China.
"When the Chinese fought against foreign aggression, it was a very progressive and friendly Canadian who came to help us," he said. "That was a real help to the Chinese people. If you have any questions, any doubts or suspicions, tell them that all of our Canadian friends are welcome to come to China to see for themselves."
He also revealed that Prime Minister Paul Martin will visit China within the next few months.
It will be Mr. Martin's first visit to China since becoming Prime Minister, and it could provoke further questions at home about the Noranda deal and the human-rights issues.
(The Prime Minister's Office has not yet announced the China visit, but Mr. Li confirmed that the Prime Minister will visit China early next year.)
On the economic front, he noted that the two-way trade between Canada and China in the first eight months of this year was nearly 60 per cent above the level of last year. He wants still closer links.
"The two economies are highly complementary, and are yet to tap their tremendous potential, especially in resource and energy co-operation," Mr. Li said in response to a supplementary list of questions from The Globe.
China's dramatic rise on the world stage has triggered anxieties in the West and in Asia, where observers have worried about its fast-growing military budget, its expanding nationalist movement and its territorial disputes with some of its neighbours.
Nobody should fear China's rising influence, the Foreign Minister said. China's own development will, in return, contribute to world peace, he said.
"China's development will not threaten anybody or compromise their interests," Mr. Li said. "China's peaceful development serves not only the maximum interests of its people but also the common interests of people around the world."
Despite the double-digit annual growth of its military budget, China's defence spending remains "at a low level" compared with the United States, he said. The sharp increase this year is "mainly intended to ensure that the livelihood of service personnel improves."
Even as China becomes a global economic powerhouse, Mr. Li insists that it is merely a "developing country" with a "weak economic foundation."
The country will "concentrate on its own development" in the future, he said. "It will take a long and arduous journey and require generations of hard work before China can fully develop itself."
© Copyright 2004 Bell Globemedia Publishing Inc. All Rights Reserved.
http://www.theglobeandmail.com/servlet/story
/RTGAM.20041021.wchina21/BNStory/International/
(Voluntary Disclosure: Position- Long)
Interesting Read from Dr.D off Rb board
By: maverick333
22 Oct 2004, 06:22 AM EDT
Msg. 104573 of 104579
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Interesting read from Dr.D..
http://1millionaire.proboards31.com/index.cgi?board=general&action=display&num=1098431893&am...
Sorry if this had already been posted... mav
This may explain the tender offer confusion.
CIM is already a current symbol for a trading security on the American Stock Exchange: CIM High Yield Securities
This is why e-trade and all other brokerages are not able to list this recent dividend as "CIM" in our accounts.
this came from rb board
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CMKM Diamonds Inc (OTC US: CMKX)
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By: kashman9
20 Oct 2004, 07:15 AM EDT
Msg. 615755 of 615777
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CIM is already a current symbol for a trading security on the American Stock Exchange: CIM High Yield Securities
This is why e-trade and all other brokerages are not able to list this recent dividend as "CIM" in our accounts.
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By: kashman9
20 Oct 2004, 07:15 AM EDT
Msg. 615755 of 615777
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CIM is already a current symbol for a trading security on the American Stock Exchange: CIM High Yield Securities
This is why e-trade and all other brokerages are not able to list this recent dividend as "CIM" in our accounts.
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sublime, I have the same results in my Ameritrade account, have restricted dividends posted, but no mention of tender offer.
The mm slowly but showly are killing themselves by being stubborn.
This is playing out to be one powerful week so far. Something is about to take place, I can feel it in my spirit.
volume anyone,tia
Will we see a Billion shares traded before opening bell? Something is up.hmm!
I feel that something in favor of shareholders is not far from taking place.
All of this movement by mm before opening bell, what is happening?
Wow, this stock is starting to trade like old times again, lots of volume starting to flow though. We should buy all we can while we can at this cheap price in order to make lots of money when the mm finally start to let this thing run. Also, if we are still buying in great volumes, it will fustrate the mm. This will actually force their hand sooner along with the diveis.
Thanks sublime. eom
Sublime, can you tell me what the volume is? eom!
Euthydemus, thanks buddy. Eom
can anyone tell me whether there was ever a pr from ucad or cmkx stating that the shares of ucad would be restricted? Also, do you know where the pr it at. TIA!
over 500 bil shares traded in last 5 and 1/2 months. very interesting!!!
it appears the cmkx is showing some movement!eom
I received my ucad dividends, but I should have recieved more, did every one get what they should have gotten?
Are we going through another quiet period?
NSDM selecting J.V. Partners for Manitoba claims
September 15, 2004 10:00:00 AM ET
BELLINGHAM, WA, Sept. 15 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is reviewing proposals of potential joint venture partners for development of several Manitoba diamond claims.
While NSDM will be drilling several of its own claims this fall, the company is also considering joint venture partners to develop several additional claims. Presently, NSDM has over 110,000 acres of strategically claimed land and it will be physically and financially impossible to drill all the targets within the near future.
NSDM is acquiring additional land with the purpose of joint ventures in the future. Walter Stunder states "We expect this strategy to benefit NSDM shareholders since the land is acquired with the company's newly developed Computer Assisted Geophysical System (CAGS).
Also, Walter Stunder is very pleased with the volume of diamond sales through the e-commerce website which has been operating successfully. NSDM is still on track to become profitable by the end of September.
NSDM is pleased to announce that the diamond inventory has been increased from $8,000,000 to $18,000,000. Further increases will be announced in the future.
For further information on NSDM, visit www.northstardiamonds.net
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds, Inc.
© 2004 PRNewswire
'Sh0oter, if the price stays at this level (.0004) right before the vegas party, it wont be much of a party because very few shareholders will attend the party. Before people can travel, they must have money to travel with, and if I am going to attend a party that is over a thousand miles away from where I live, then that company has to find away to put money into my pocket so that I can afford to go.
Jeff is back at .0004 on the Ask
'trade15, I have visited washington, and do not know what the politicians up there are doing on a day-to-day basis.
'trade15, have you ever taken the time to think about the fact that since uc owns the company that he can pick and choose whom he wants to let buy into the company. You do know that "UC is the owner" right? Just because the so-called locals are near the company and does not own a stake does not say anything to me. It would appear to me that you are basing your thoughts on pure foolishness. Hell, the people you live ("locals") with, do not tell you everything.
averagejoe, isn't there other drill rigs on the drilling site represented by other companies. What do you mean by saying they don't have the capabilities of exploring different minerals. And aren't there more than one geologist at the drill site. Have you done and dd?
"The other great minerals you refer to are in the precambrian basement rocks 5280 feet down and they don't have the capability of exploring those with the small rig being used right now."
'trade15, this doesn't make sense to you because you are not a linear thinker, you are circular thinker, but it does not take a rocket scientist to what is going on here with the oct. party coming up.
TSXminer'
"If common sense were involved, nobody would buy shares in CMKX"
You are talking in past tense which make no sense at this point with cmkx. NO you are totally wrong at this point when say that "this whole play depends on the irrationality of the market, and of course, fear and greed." At this point in the ball game, the whole play depends of concrete diamond finds or concrete mineral findings. That is what play with this company revolves around. You have been to indoctrinated with stock indicators.
'riverboatgambler' , why would uc schedule a shareholder party unless he had something of value to announce. He is going to give out a flurry of press releases right before the party date that will cause the price to increase dramatically. How else will he get the shareholders to the party. If there are not shareholders at this party, boy, that will just about kill the momentum, thusly causing the company to loose moor credibility. UC has a master plan, and he is exercing the plan slowly but surely.
'averagejoe, that is why they quit drilling at 808ft, the geologist has determind that what they need and wanted is already been located, therefore, there is no need in drilling further. they know what they have, but they are stringing this thing to middle of october. They are intentionally doing this. When we get the great pr in the middle of october, we will have a pr saying that the we have found diamonds and a pile of other great mineral. these are my views.
trade15, folks, we might as well use common sense, we are not going to get anything concrete until about the middle of october, this will be in an effort to get us to the party. don't we see what is happening here, sggm and ucad is pouring money into cmkx left and right, the goods are there. But they want us to form a great fraternity by coming to the Party at the end of october.
Jlindst, cmkx, ucad, and sggm know what they have, they are going to released mind altering results right before it is time for the party. they are going to give us just enough information to cause the price to move a little, this will be done to get us to the party. Then once we get there, uc will have arranged for the media to be present, and this is when we will get the life changing resuslt, this is cmkx will really take off. look out, we are getting ready to take off. October will be the month in my opinion.
correct me if I am wrong, but did'nt cmkx drill up to a thousand feet on the first (carolyn pipe) hole, and when we got the results of the pipe being diamondiferous, the price shot up to .0012. Now it would appear to me that if cmkx has only drilled 808ft according to this morning's latest pr, then they have found alot of what they were looking for. This is a great sign to me. And also st.George metals is constantly pouring money into this company. I think something big is about to take place. UC has to know that something great must take off in order to get the shareholders to Las Vegas for the party. The shareholders will make this party successful. All of this seems to be playing out in a way that lead right up to or near the cmkx/ucad party date. But however you picture this, something is leading up to something big and large.
'hundred to one' , will uc be giving out free shares at the party? I see this party possibly being a poor showing unless uc gives us something to come to the party for.
can someone tell me what is going to be so exciting about going to Vegal for the cmkx/ucad party? Can someone give me a solid reason why the shareholders should go? For me to go and to spend my hard earned money, I will need some real incentive. I am a long shareholder.
"Casper1" UC only has roger with him for security and legal issues.
Casprs1, with all respect to you, I disagree with your statement that uc is not smart enough to come up with such a plan as is happening. It takes a genious to tie up 1,4000,000 acres of land and, moreover, to have obtained the mineral rights along the way. A man with that kind of foresite is smart enough to craft up any such of a-billiion dollar plan.
A thought, what if sggm is a conmpany of cmkx bought under another alias.what are thoughts?