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Good Saturday to you Zen. I have to go in ~ 10 minutes,
but agree with you that the options CMKX can exercise to advance it's cause is intriguing. I say with the Goldak & TDEM surveys, in 2 1/2 short months we have certainly come a long way in extablishing such an enviable position of options. It's comforting to know Roger Glenn feels CMKX is important enough to take 1 full week of his time and further examination of the key facts and people involved.
I'll try to look later or early next week on the 10K language Red Rum offered about the property UCAD bought. It's no biggie, but I'm curious to a bit of the details of the deal.
Have a good one, and when we meet someday we'll flip to see who buys the first beer. : ) Bo
Hi wannabjaimelee.
Trust me, I learn everyday as well. Thank you for your kind words.
Believe it or not, I've studied, focused and have a good chunk of my investments in the big board or other safe investments.
A gentleman who is a retired exec and I have studied the 10 year patterns and fundementals of big board plays. We and have found 4 or 5 key components in only a certain few stocks that pass the test. The one key common in all is even though they are all HUGE in terms of market capitalization, they remain out of the news (no CNBC, no CNNfn, no Bloomberg), and we conclude that is KEY trait and their 10 year chart shows it.
Look at the 10 year chart for ASD (especially the horrible market from 2000 through March of 2003) and you'll see the strength of an amazing company in good markets and bad that stays OUT OF THE NEWS. Only a few gems like ASD exhibit such
steady solid growth in good times and bad.
My focus on CMKX has always been on the realities at play. The food for thought I offered in my last post was nothing more than thinking creatively, not touting that this is what will happen.
wanna, your thought that CMKX will go on it's own is very valid.
I continue to say...it's all about value.
When Mach attended the races, those he spoke with who are closer to the company, and one is an employee of an MM who trades CMKX. He stated matter of fact that any find or good result, equates to value and that is what will get the market's attention and push us to much higher levels.
If they chose to do it alone, they will be best served to have the help of JV's, venture capital, or fully owned subsidiaries with CMKX maintaining controlling interest.
If they chose to merge with UCAD, they create efficiencies and synergy of operations.
Success in exploration also breeds possible buyout offers by larger companies or by going private.
Getting back to value, I said before, and still believe Urban's efforts are all about making CMKX a more valuable company. The Goldak survey has validated his claims and has given CMKX the options of all the above as this proceeds.
Focused efforts on our finds, forming partnerships, and maintaining & growing investor base will yield many possibiities for success. As long as they stayed honed in on those efforts, I truly have no prediction when or if a merger is possible. As long as they stay fixed on exploration, company growth, attention to shareholders and fair trading of their stock, that's all I care about. The rest will take care of itself.
I have seen many make plays of a lifetime on MOBL, SIRI, IBZT, QBID and WNMI. I contend CMKX has even more potential to do the same, and soon. The last 3 only rose on a promise. CMKX OWNS claims with a present and future value with amazing realistic potential. I pray many good peoples' lives will be enriched because of it. Not just in what we are receiving, but in what we will have as an opportunity to give back to others.
As for my "thought out of the box"...it would require substantial cash from UCAD to buy CMKX's claims. For now, it would take quite a lot of venture capital behind UCAD to execute such a play. Although in theory, the result would be a highly valued UCAD with a share price to reflect it. CMKX shareholders would receive an amount per share for their shares, and likely smiling with such a windfall. CMKX shareholders of record as of yesterday would now also be shareholders of UCAD upon receipt of the dividend. Thus the short term windfall of CMKX shareholders is realized, then the long term windfall (1 year restricition on the dividend) forall of us is in the growth of a stronger UCAD.
Like I say, just a weekend thought.
Stay focused for now on their efforts toward value.
Be well wanna. Bo : )
Weekend thoughts...
And a rainy weekend at that. I love being on the water whether it be on a boat, waverunner or slalom ski. So far mother nature hasn't let me or my 2 kiddos (teen and pre-teen) take a trip to the lake or rivers hardly at all this year..grrr.
Here's hoping for sunny Sunday. : )
Anyway I just want to comment a bit on the London investment company (LIC) and UCAD, then take the discussion from there.
I'll preface again by saying that even though I comment on UCAD and the LIC, right now there is only an indirect effect on CMKX.
Our value is driven by the valuation and activity of CMKX itself.
The LIC seems to be putting itself in alignment with the business model of a US company many are familiar with, that being Berkshire Hathaway. Now...rest easy...I am not saying the LIC is in anyway an equivalent of BH, or investing with the same goals in mind. Buffet goes for the safest of the safe in his view and nothing else..lol He holds a stock for LIFE. Mr. Buffet and BH is in a class all it's own and I have studied and respected his way of doing business for a long time. In a nutshell BH has 2 classifications of stock the public can invest in. BH in itself is a company made up investments and subsidiaries, with Mr. Buffet having varied levels of control in each. Here is the list of 40 companies Mr. Buffet has invested in, or aquired controlling interest. It is these companies which are the basis of valuation for BH stock.
http://www.psarasratio.com/buffett.asp
OK, with that said, the LIC is planning on hitting the ground running with a business model with some of the same characteristics of BH. Of course, they are not influencial enough to assume operational control of companies such as BH does. Nor do they invest in companies with fundemetals that BH seeks. They invest in emerging US companies.
Why would they do this? What are 2 of the keys the see?
IMHO, they see potential for each company to make an impact. They see legitimacy in each company. Buffet has many nuggets of wisdom he uses in his investment decisions. Here is one:
- "Intrinsic value: present value of future cash that can be taken out of the business." -
So the first key is that the LIC invests in companies that show legitimacy and REAL potential. Microsoft, EBAY, Walmart and BHP were all emerging companies at one point. No, Mr. Buffet wouldn't have considered them, but those who did, made a hell of a lot of money. The same emerging opportunities exist TODAY.
The second key the LIC has to see and draw conclusions is the naked short selling and fair trading issues resolving favorably in the near future. I described in a previous post that "there is an elephant in the living room." Many legitimate companies have gotten squashed by such detrimental manipulation for years. The groundswell of investors has been witness to this far too long now. The LIC sees the writing on the wall, and through an exclusive such as Dateline, lawsuits and punitive action will likley follow. Most important would be the elimination of such trading practices at the time following such a story.
Fair trading would allow emerging companies the sustained pps growth they need without resorting to dilution to fund their operations. This in turn builds shareholder confidence, and opens up other financing opportunities.
In a nutshell, the second key I mention is something I believe they considered, and feel the climate is NOW very favorable for change!
UCAD happens to be one of those companies with a bright future.
What if UCAD had all of the claims owned by CMKX? Imagine the share price movement of UCAD, and the windfall for CMKX shareholders for the cash received for their shares. Imagine such a deal in a climate with no naked short selling or illegal trading practices?
Yes, my last paragraph was thinking out of the box. Wet weekends will do that to a guy. : )
Be well, Bo
More DD on the London investment company.
They've been busy. Bo
_________________________________________________________________
Quintek Enters Into Agreement With London Investment Company for thePurchase of $2.38 million of Quintek Common Stock
HUNTINGTON BEACH, Calif., Aug 05, 2004 (PRIMEZONE via COMTEX) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
"This investment will significantly increase the asset base of Quintek providing for more financial stability," said Andrew Haag, CFO of Quintek. "This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004."
Robert Steele, CEO of Quintek commented, "Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies." He continued, "This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors."
The investment company has entered into a "lock-up" agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to secure funding, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
SOURCE: Quintek Technologies
By Staff
CONTACT: Quintek Technologies Andrew Haag, Chief Financial Officer (714) 848-QSI1 ahaag@quintek.com Investor Relations Cinapsys, Inc. Mark Moline (866) EASY-IRM, Toll Free (949) 497-6684, Direct mark@cinapsys.com
(C) 2004 PRIMEZONE, All rights reserved.
Billy and investorcg, see my post #8460...
http://www.investorshub.com/boards/read_msg.asp?message_id=3852106
If the oddity and enormity of the last 20 minutes of trading wasn't CMKX & Atty Glenn giving the MM's their last chance to cover for profit, then my post applies.
Many issues should come to light soon to our benefit.
Have a good weekend all! : ) Bo
SSWH: Mach, when you have a chance to speak
with Jerry or Paul, ask if there has been any dilution of shares in the last 3 months to explain the dramatic drop in stock price. If not, then we are way oversold here. I would think any news about promising clients would send us back to the levels we were seeing in the spring or beyond.
As always Mach...thank you! Bo
Apply for CMKX Visa here: http://cmkxtreme.com/
young-n, it is exactly why Atty Glenn's comments
and legal response, along with a Dateline exclusive will be more powerful than anticipated, which is to our gain!
Some of the possible offenses include:
The unexplained huge trade blocks from out of nowhere.
Freezing of the ask at .0004 day in and day out, even though 90-97% daily buys are going through for ~ 6 weeks now.
Signals (100, 200, 300, 400, 500 & 911?) that may be a form of collusion between Market Makers.
Any form of naked short selling, which is a gross offence of artificial manipulation.
Misuse of LEGAL SHORT SELLING practices.
Hiring of paid bashers and pumpers to lie, defame and libel a company or it's employees in an attempt to mislead investors or commit fraud in order to profit. Pumpers set up market expectations and price, only to have the bashers manufacture lies and doubt. In turn, trading is slowed to a crawl or halted to try to create a small or large selling panic in investors. The result is a profit for their short positions.
And I'm sure many could add more to the list. I pray those that have the power to rectify this situation, notice our dilemma.
One and all, there is an elephant in the living room.
_______________________________________________________________
I haven't seen the docket on John O'Quinn's current suit. The last I understood about 1 month ago, it is only in the early stages of litigation. There are simply too many plaintiff's to manage in his case. He has companies which may or may not still be in business, so record collection and info verification is going to be sketchy and difficult. Company officers from the company's may be hard to reach, and because of the large number, cross-examination by the defense will have many targets to shoot at. From my understanding, the case has just been consolidated and an amended complaint by the plaintiff has been filed. Like I say, I haven't followed the docket, so I'm not sure on the status or ruling of peliminary objections the defense may have filed.
Zen...I'm not sure if you have been privy to the docket as of late to determine if the defense has filed an Answer or any other pleadings yet.
If not, there is a long way to go on that case. The next phase of the trial would be discovery. With the mass of plaintiffs and records involved, O'Quinn's task is daunting and he may run into problems on the technical end of his case.
In contrast, Atty Glenn has what may be the best singular example of naked short selling in CMKX. His focused case, plus exposure from any Dateline story will result in a more focused effort than Atty Quinn. In comparing the trading records at given points in time versus the actual amount of shares issued at that time, he may have a prima facie case. Of course it is his choice whether to attempt to meet the duties of proving a prima facie case. He has the choice to proceed with a regular evidenciary trial, or settle this matter with the MM's out of court at least regarding any civil damages and changes in trading practices. The criminal matter may still stand with penalties if those arraigned are found guilty.
This issue is a big. We see it every day.
Let's shake up the world and make it right. : )
Be well, Bo
BlueD..excellent job over there.
Mach's board and your new board are rising to the top as 2 forums for great discussion.
You and Canuck hit the ground running. Keep doing what you're doing and don't look back. : )
Bo
More DD on Langley and key exec...
From another board:
Mr. Cannon Brookes is the Investment Manager at Arlington Group plc. Having been educated at Eton College, he graduated from the University of Exeter with BA Hons in Economics before working as a research analyst at BZW and then ABN Amro in Sydney, Australia. While there, he specialised in BANKING AND MINING sectors and performed a wide array of analytical duties before returning in late 1998 to begin working for Jupiter Asset Management as one of their trainee fund managers.
In January 2000, he moved to Arlington Group plc where he has been involved in all aspects of the Company's investment process, particularly in the financial analysis of potential new deals. Mr. Cannon-Brookes is also the Assistant Investment Director of both Jubilee Investment Trust plc and
Langley Park Investment Trust plc.
http://www.arlingtongroup.co.uk/management_team.html
The investment company is a newly formed London-based company that has applied for its shares to be admitted to trading on the London stock exchange as an investment trust. The investment company has been established specifically to invest in U.S. micro cap companies with long-term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by Sept. 30, 2004.
In February 2004, Arlington agreed to acquire the crushing and grinding sections of the El Tambo gold processing plant located in Chile. Arlington agreed to undertake the dismantling, transportation and refurbishment of this plant before on-selling it to Archipelago's Indonesian subsidiary. Arlington has agreed to acquire up to £4 million of this mining equipment with the consideration received in the on-sale being up to £5 million.
Zen, thank you for your post and
you find you made a good decision too.
It's only my opinion, but until around early April of this year, you couldn't tell me there was a better board than Allstocks. Many, many great minds were there, and was also well moderated.
If you look at their boards today, bashers are allowed to rule the day on Allstocks unmoderated. Threads are lacking DD and some look like an AOL coffee house chatroom. If you take 1 look at the last 3 or 4 pages of their CMKX thread, and you'll see what I mean on how they may get a nomination for worst board of 2004...
Needless to say, but I haven't posted there in months, and all for the better because I like this board and the people very much.
Welcome aboard as we're seeing this one through together.
Bo : )
narvo, before I answer, ns is right and
with the twists and turns of the pr, I turned left where I should have turned right...LOL
Excellent call ns, and thank you.
ns is correct, how it will work is that UCAD will have 50% of the LIC's shares in escrow.
If UCAD's pps is less than the market value at the close, the LIC will receive it's own shares back from what UCAD was holding in escrow. The shares given back reflects the decline in value. Then, the remaining LIC shares will be released to UCAD.
Forgive me on that one guys. I was wrong on that point and very glad ns caught it. : )
ns is also correct in saying it is like an insurance policy for the LIC, but I see it as a limited one, and here's why.
Tell me if I'm wrong, but it almost sounds like a 1 time deal.
If there is a difference in UCAD's pps to market value after a close (which means after only 1 trading day which this occurs), the LIC is paid it's shares back for the difference and by that UCAD is in full ownership and control of the remaining LIC shares in escrow.
Thus, the LIC would be protected from any pps to market value difference for 1 day. UCAD's benefit however is the ability to now trade (sell) the LIC's share for additional liquidity or financing. And all it takes to execute these terms is ONE CLOSE resembling the terms of the agreement.
Narvo, to best answer your question, anytime venture capital places monies or equity at risk toward and enterprise, the market normally looks favorably upon this. The company with the added resources is of course in a better position to support and expand their business. I'm not sure where you got in, but over the last month UCAD is holding water and fairing nicely, in what has been a very tough big board market over the last 3 weeks.
Be well, and thank you again ns. It's been a long week. : ) Bo
For now it's an exchange of shares HUSTLER, but
it may well turn into cash for UCAD, because the terms of the agreement are favorable to UCAD to benefit in that way with mitigated risk.
My last post may help explain why that is so.
Hope your evening is good. Bo : )
PR Perspective
It relates to a JV partner, so at the time of this post, this PR only applies to CMKX in an indirect way. Any JV Partner can chose to invest or not to invest additional money to CMKX's efforts. If UCAD choses to invest additional monies toward our efforts, it is their final decision to do so with or without today's PR. As the pr of July 27th states, UCAD had one year to exercise it's option agreement with CMKX, to purchase an additional 10% of CMKX's mineral claims for $15,000,000.
It does appear UCAD is committed to our efforts based on what we have seen to date.
So, as of now this PR has only an indirect effect to CMKX.
The PR would of course have more of a direct effect to CMKX if a UCAD/CMKX merger occurs
As for the PR itself, it simply is an agreement between a London Investment Group and UCAD, for an exchange of a stated amount of each other's shares. They are simply investing in each other.
The London Group is not allow to sell UCAD's shares for 2 years. period.
On the other side, 50% of the London Investment Company's shares that UCAD will be held in escrow for 2 years.
For the other 50%, UCAD has a bit of an insurance policy built into the agreement in case the London Group's price per share < market value.
If this happens the London Group must give UCAD additional shares with a value equal to the difference of the pps to the intrinsic value of the stock. PLUS, UCAD will get all of the London investment company shares held in escrow as well.
_________________________________________________________________
Quoting from that portion of the PR:
Fifty percent of the investment company's shares issued to U.S. Canadian Minerals Inc. will be held in escrow for two years following their issuance and in the event the per share market price of U.S. Canadian Minerals Inc. common stock at such time is less than the per-share value of U.S. Canadian Minerals Inc. stock at the time of the closing, the investment company shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. PLUS, the remaining shares held in escrow shall be released to U.S. Canadian Minerals Inc. at such time.
_________________________________________________________________
The benefit for UCAD is there is a high probablility the LIC pps on at least one trading day will be less that the market value of their shares (intrinsic value). Thus, there is a high probablility that UCAD will own the full amount of the LIC's shares per the terms of the agreement in a short period of time. UCAD will then be able to freely trade these shares.
Again, it's a PR which only affects us indirectly at this point, but I just wanted to dissect its intent as I see it.
Be well, Bo
UCAD PR 8-19-04
Press Release Source: U.S. Canadian Minerals Inc.
London Investment Company Enters Into Agreement With U.S. Canadian Minerals Inc. for the Purchase of $9,005,355 USD of U.S. Canadian Minerals Inc. Shares
Thursday August 19, 4:56 pm ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2004--U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) announced today that it has signed an agreement with a private investment company for the purchase by the investment company of $9,005,355 USD of U.S. Canadian Minerals Inc. common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that will apply for its shares to be admitted to trading on the London Stock Exchange as an investment trust. The investment company has been established specifically to invest in U.S. micro cap companies with long-term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable UCAD to continue its rapid growth and expand its worldwide operations," said Rendal Williams, CEO of U.S. Canadian Minerals Inc.
The investment company has entered into a "lock-up" agreement with U.S. Canadian Minerals Inc. pursuant to which it has agreed not to trade U.S. Canadian Minerals Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of U.S. Canadian Minerals Inc., the investment company will issue to U.S. Canadian Minerals Inc. $9,005,355 USD equivalent of its shares at a price per share valued at one pound sterling.
Fifty percent of the investment company's shares issued to U.S. Canadian Minerals Inc. will be held in escrow for two years following their issuance and in the event the per share market price of U.S. Canadian Minerals Inc. common stock at such time is less than the per-share value of U.S. Canadian Minerals Inc. stock at the time of the closing, the investment company shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to U.S. Canadian Minerals Inc. at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before Sept. 30, 2004.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
IBZT: No Problems, I've had a decent year all
in all, but one that reeked was good ole' IBZT.
It was like sitting in an acid bath. I cut losses at ~.03 and felt confident the downward spiral would continue.
They truly had the product that would have taken the market by storm and been THE "toy you had to have." Unfortunatley management is poor and lacks honesty. It's too bad, they had a good thing going and great publicity in January & February of this year. Now, IBZT's future and existence is truly in question.
Bo
Mach, again excellent post and
I am on board with you about Urban's generosity. What he exhibits is extraordinary, which is why those that don't undertstand, need to find quiet time to reflect on this.
Urban asked that shares be distributed to charities. Everyone, whether you agree or disagree with this needs to sign off and find your favorite quiet place in your house or yard. Or maybe go to a favorite quiet spot in your community, and think about what type of person it takes to offer shares of his company to charities. He would not do so if he knew he stock was going to go down or had no value. He knows what's coming, and by his example SHOWS US ALL how to respond once our financial security is established.
The means at how he does this matters not, and in fact may have in turn addressed a concern I have long had. However, his generosity is to be deeply felt and admired.
Be well, Bo
Mach, very good post. For people
concerned about that issue, every person should have your post available to them.
As for me...the share distribution truth/rumor/tale interests me not at all.
My last post explains what I feel is important from all of this. I'm pleased CMKX addressed it, no matter the means they used to smooth their request to him.
Stervc stated in his post last night they asked or suggested he refrain from posting on message boards, or appearing on paltalk.
That's the best post the guy ever wrote.
shiztx...
I'm sure the person who posts under the name of Stervc is a nice man. I honor his service to our country.
But this is business. Very important business.
The founder, other companies and venture capital have placed a lot of money and trust in CMKX. We as shareholders have our hard earned money, and that same trust in the company.
CMKX effectively uses public promotion largely to a great success. Whether it be at the races, paltalk, or internet radio, Urban and Melvin have shown how much this family of shareholders means to them. Urban has no problem with Melvin, Ron or himself discussing company issues in the above forums.
They understand about keeping a shareholder base and actually growing it.
Based on the posts you have read of Stervc, and the unexplainable following he has, do you think it's better for the shareholder base and new investors to gauge their investment decision on FACTS and DD, or unexplainalbe posts and speculative paltalk sessions?
My answer is facts and DD of course.
Stervc stated he was asked for him to refrain from posting or appearing on paltalk. They asked or requested this of him.
So, no matter what they told him or asked him to do for them as a favor, the bottom line is they believe shareholder base based on facts and DD are important too. Someone whose posts and comments are far removed from fact, yet has such a large following, can affect the base. I know some will say "if they are basing their investment decisions on stervc, then they shouldn't be investing."
I agree. But they are.
Please note, this discussion IS NOT a major focus of what is to come. Valuation, diamond finds, leveraging and becoming a reporting company are what drive this company. Shareholder base is a backbone and is best served when all are informed based on facts. He is well intentioned, don't get me wrong. You simply have to know the history of this and ask yourself why they would ask him to refrain from posting and appearing on Paltalk (a forum used by their IR representative)
No matter...Onward!! : )
Didn't mean to vent all...and will be my last post, unless there is some point of clarification needing to be made.
Be well, Bo
prospector, to best answer your Q of this morning,
please see my post# 8198.
http://www.investorshub.com/boards/read_msg.asp?message_id=3813722
Hope your night is a good one. Bo : )
No Probs, it's best to analyize that way especially
in light of the data available from Shore Gold and Debeers/Kensington.
The data from the link you provided shows a realistic mining output of tons per day. Being conservative is how I view things, and still produces impressive numbers for our holdings in terms of valuation.
In looking at their website this afternoon, I see where mining operations at EKATI run 24 hrs/day, 365 days/yr. In it's short time mining, they produce 4% of the world's diamonds by weight and 6% of the world's value.
Your link was a wealth of information, and was a 1999 reference piece. I'd be curious to see how their production numbers today compare to their 1999 projections.
Our advantage lies in the large number of claims, and our recent arial and TDEM studies. And you are right in saying that a pipe which shows mining potential and actualyy progresses to that stage would be key for CMKX, not only to the value from diamond production, but the remaining claims would immediately be worth more.
Off and running again.
Be well, Bo
Your link was a great find. Here's why...
I didn't think the info was spotty, but rather enlightening.
It is true that in November of 1998, BHP reported the Panda Pipe being .45 carats/ton. But this pipe, as well as their others were tested various times through the 90's.
For example, in December of 1994, the same Panda Pipe was reported having a .90 carats/ton (2557 carats found in a 2835 ton sample). Also in December 1994, the Fox Pipe was reported to have a .62 carat/ton.
This shows that even though varied results come from cross sections of the same or different pipes, the pipe can still be minable.
In fact, in the late 90's, they began mining operations on the Panda, Misery, Koala, Sable and Fox pipes. In 1999, they estimated 3 - 5 million carats per year to be mined. They assumed $100/carat. That is $300 - $500 million dollars per year output from just 5 pipes! In this same discussion, they estimated mining operations from these pipes to last 25 years.
Using the low estimate of $300,000,000 per year * 25 years = $7.5 billion,.... again from just 5 pipes.
I really haven't seen any reference to the quality of diamond b/w FALC and the NW region.
What I have seen is that earlier this year Debeers/Kensington pulled a complete diamond from 140/141 which was colourless.
Also, the costs of mining in FALC region are much lower (by as much as 1/2) than the NW territory.
Thus, I have no problem accepting Dr.D's statement about the FALC region because much is out there which shows it's promise.
Finally, BHP was the pioneer. They blazed a long rough trail to do what they did, making it easier for all who followed.
In the 80's and 90's, BHP's new diamond find required embracing new technology and wade through the government red-tape and restrictions until clearance was finally obtained in the late 90's. We are entering the region with a very strong position in terms of the number of anomalies owned. A trail has already been blazed by predesessors (BHP), so hopefully obtaining permits and navigating to the operational stage has become easier.
Be well, Bo
No Problems, thanks. Your post had a
compelling technical edge to it and it was much appreciated.
Good to know it's in your blood though. If we get stuck, we may ask you to pass a question or two along to your family members...lol
Bo
grrr...prospector, I just wrote a very
lengthy dissertation on most of my thoughts on the issue, and some other very important factors, and when I went to submit it...poof, it took me back to the sign in screen, and hitting the back button didn't take me back to the post. %#&^*@!
I have to run for now and will try to piece together much of what I wrote later. Bo
No Problems, excellent post. Question for you...
First, I'd like to say you seems astute in the geophysical and mining side of this equation. So, welcome to this board! I'm no expert in that field, and try to learn about mining fro what I read.
I hope you wouldn't mind if I ask technical questions from time to time. Your experience appears evident, and would be apreciated always.
Are there parameters for results we should be looking for from our test drilling samples to conclude they are positive??
I ask, because it was my feeling 2 over months ago that the pr about Carolyn was only the partial picture of their efforts there. It turns out that is so, since further results will be known soon. Also, we have drilling which has begun on the current site.
So, with tests coming in, I'm just trying to gauge our expectations here.
I saw expectations 2 months ago set way too high on what the purpose of a test drilling is. Correct me if I'm wrong, but aren't we simply looking for results which will lead to further testing or bulk sampling?
Thank you for your help on this. Bo
You nailed it Mach. All of this
very real value and potential in our claims, and we still have an ace in the hole with the naked shorting issue.
I held my tongue on the naked shorting issue until last Friday. Now, I believe it is a reality. I trust Atty Glenn in addressing it and making a world of difference in how our stock is traded!
Lastly, I wasn't trying to overstep what Dr.D. posted in what I offered in my last post. Last night, he and I, along with some others, were constructive in assessing the proper carat/ton figure for his valuation model.
What I found tonight simply cuts to the chase and gives us a reference for a profit/ton figure that is easy to see. Also, I understand he was just trying to show our maximum potential. However, I wanted to show a more realistic and feasible mining capacity than he did. I simply don't see mining 2 miles in diamter, 500-900 feet deep over the entire sqaure foot of the area. We would have created a canyon rivaling nature's own...lol. I just tried to align profit figures and mining estimates in the feasible range, and still came up with a mighty impressive valuation.
Bo : )
What would you pay for an Oreo?
You gotta love the double stuffed ones, and pass the milk please. : )
I scan much DD and try to find as many valid posts as I can, whether they be from frequent or infrequent posters.
The post of Dr.D's regarding valuation, (reposted by bluediamonds tonight), was the first of his that really caught my attention of what he brings to the boards. Last night, I was interested in narrowing it down to what to expect from the Oreo pipe and fit his theory. As you can see on the thread bluediamonds was kind enough to bring over, rather than the .5 carat/ton figure Dr.D used in his example, a likely range could be .16 carats/ton, to as high as .26 carats/ton.
I was able tonight to reference Debeers/Kensington's projections on their expected cost and profits from FACL, then apply it to our Oreo Pipe.
From Debeers/Kensington:
"Regardless, De Beers has made some early computer-modeled extrapolations of what the rock is worth.
A cautiously optimistic scenario for the 140/141 pipe suggests a value close to $150 per carat and a grade range of 0.20 to 0.25 carats per tonne. This translates into values of around US $30 per tonne but the early stage of evaluation makes grade and revenue calculations highly speculative. On the basis of industry-quoted numbers, Kensington estimates that operating costs could go as low as US $10 per tonne, making for gross profits of about US $20 per tonne. And with an anticipated daily rate of production of between 40,000 and 60,000 tonnes of ore from the 140/141 pipe, alone, that would make for significant cash flow. The prospect of putting other pipes into production could easily double or triple the mine's output.
However, the biggest criticism of the project to date has been the initial grades of the 140/141 pipe. Yet, a grade of 0.20 to 0.25 carats per tonne is actually similar to De Beers' wholly-owned Victor pipe in Ontario, which is tiny by comparison. Nonetheless, it is expected to be a full operational diamond mine by 2006. Admittedly, the rock value for the Victor pipe is projected to be a much higher US $60 per tonne. Having said that, it needs richer rock as it is only 1/37 of the size of the 140/141 pipe and would be more expensive to mine from an engineering and logistical perspective.
De Beers' modeled values for macro diamonds from kimberlite 140/141 also range from US $20 to $220 per carat - a wild variance suggesting the need to do more systematic bulk sampling in 2003. However, core drilling in 2002 has shown several new phases of kimberlite and an increase in geological complexity from that seen in previous drilling. Continued bulk sampling of these new areas of kimberlite could reveal a number of enriched zones in the body (pipe)."
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So we see that .20 to .25 carats per ton is consistant with the .16 to .26 carats per tonne from Shore Gold's Star Mine. Thus, the numbers Dr.D., I and others hashed out last night as it relates to his theory are correct. A range of .16 to .26 carats/ton is a fair estimate to apply to his theory. So basically, divide his figures by 2 or 3. Whichever, the numbers are still impressive.
We also see Debeers/Kensington estimates profit at $20US per ton of ore.
I have my own belief and basis on valuation which differs a bit from Dr.D.
Let's see how this all fits in our Oreo...
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Dr.D. assumes in his post the entire 16 billion tons will be mined. Respectfully, I just don't see it that way. I would think the amount mined would be substantial, but much less than every square inch in our pipe. I'm going to use 5 billion tons mined as a conservative, and more feasible target. This is less than 1/3 of the 16 billion, and yet will still clearly illustrate our potential here.
Use the $20 per ton profit from Debeers/Kensington's estimate, what do we get?
5 billion tons mined * $20 profit per ton = $100,000,000,000 profit
$100 Billion Dollars!
That's from 1 pipe...one dunkable oreo.
And we have many more where that came from. 108 to be exact.
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Also, did anyone else notice we will be getting other results from Carolyn soon? : )
Again, these were test drillings.
From these or from any other test drillings, we simply need to see results that geologists state that bulk mining can begin to occur. I know I sound like a broken record on this point, but I'm not seeing it anywhere else. I feel it is vital to have the market and investors in tune with expectations, and not repeat the past. Test drillings that we have been doing involve small boare at ~2.5 inches. Bulk mining that Shore and Debeers are doing at FALC involve 24 inch and 36 inch bores. Hopefully our news will be such that additional testing or bulk mining efforts are in our future as well.
Be well, Bo
Good morning Sir Mach. I hope the
new addition and your family are still doing great.
Investorg and Big bring up good points about the .0004 wall.
We can all agree how obvious this situation has been over the last 4 to 5 weeks. 90-97% buys at .0004 trade after trade, day after day, with no movement.
I am more than a bit curious to the answer as well, and anxious to see Atty Glenn's comments on trading practices and the naked short problem.
If there is buying by UC or other venture capital at these levels in order to retire shares, or support our efforts, I doubt we will know about this even though it is to our benefit in the long run.
The end result of either scenerio is a windfall for us. I do hope it resolves soon.
Bo
lasombra, if you send me your e-mail address, I'll send the link that way.
That board is new, and seems off to a good start, but I would recommend staying active here however. There's no guarantee that board will stay that way. As you have seen over the last month, both Dr.D and Zen have began posting here, and this board is always in the top 20 in the most read IHUB boards of the day. As more and more boards become less a place for learning, discussion and good natured fun, I would expect continued growth of this board.
Bo
Nandi, good morning. I agree with you, but being it
is Mach's board, I would be out of place to solicit posters, even someone as committed as Zen.
He has popped in here and Dr.D. has found his way here too.
Dr.D and I ended up discussing some realistic projections last night on another board, but my main posting for thoughts and theories will be here. I like it here, and respect the field work Mach does far above anybody else I've seen. This board is well moderated, which is something that cannot be said about the most other boards anymore.
The only reason I registered to post on the Community CMKX board is the good moderation and constructive discussion. The thread last night focused on Dr.D's projections based on the carat/tonne calculations he offered about 10 days ago.
We have 109 magnetic anolmalies, thus I feel his .5 carat/ton is conservative, and so does he. However, last night we tried to focus in on the area we are now drilling.
In looking at Shore Gold's Star Mine, we calculated a range of .16 to .25 carats/ton. Even dividing his prejected revenue and profits from his original post by 2 or 3, still results in a very impressive valuation of our site. And that's just our first target area. We have 108 to go. : )
Be well, Bo
And thank you Dr.D. Of the 23 points I listed
(11 from the first list, and 12 from yours), 5 of the 23 have been accomplished or revealed to the market to date.
This means 18 vital issues remain, and will be addressed by pr or other means in the NEAR FUTURE. Some of the issues such as new targets and mining results will repeat themselves, but there is much to look forward to.
Of course, the information is not limited to the 18 remaining points, which makes this journey all the more compelling. : )
Dr.D., feel free to e-mail me at any time at Bo_3441@netzero.com
Bo
elo, good morning and best to you this week as well. : )
Good post Dr.D. It is becoming more
exciting by the day isn't it? : )
Every point accurately reflects what is in store for this emerging company.
In June, someone had posted the following list of things to look for. After it I will post your list which addresses some of the points and adds what is occuring more recently.
After each point, I'll humbly offer where we are currently.
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Here is what we need to see to complete the move to a credible, respected diamond exploration company (not in any kind of order)…
1. Complete internal audit - (**Done and results expected soon)
2. Transfer agent finalized - (**Done - First Global)
3. Magnetic “picture” of ALL of your claims - (**Done AND TDEM
analysis also done with very valuable findings!)
4. Disclosure of share structure to your shareholders -
(**Pending. The audit, naked short issue and current meeting give the company information and ideas on how and when to announce Share Structure, becoming a reporting company and address the NSS issue in the most effective way. As for me, I'm waiting for the SEC filings for the true share structure.)
5. Hire securities attorney to protect interests and aid
in movement(s)to become reporting and move to different exchange.
(**Done - D. Roger Glenn. His work will also include guidance on many corporate issues as well as the above.)
6. Announce next drill target(s) based on magnetic survey (**Done - the OREO pipe has been announced with drilling commencing 10 days ago. 109 magnetic anomalies in all.)
7. Announce filing of documents to move to new exchange (**Pending, but expected soon)
8. Announce successful move to OTC exchange. (**Pending, but I contend it may be either the OTC or AMEX, not just the OTC as an option)
9. Announcement of estimation of valuation of cmkx claims. (**Pending, but know the Goldak survey and TDEM analysis are key to the company's value. Current drilling efforts of course add to this as well.)
10. Announce drilling commencement on new drill targets. (**Done)
11. Announce core samples results from core samples of latest drill. (**Pending, and will occur when tests completed)
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Dr.D's list:
1. We have the meeting wrapping up and we should get some info from that meeting. I hope to God we get some info from this meeting since they PRed it would be taking place. ??? (**Pending, and expected soon. I would anticipate very positive results)
2. The drilling has been going on and we may get some kind of geologist’s preliminary results. The word is that we have been drilling this OREO the same way we drilled Carolyn. Probably 4 or 5 drill holes with a small 2 ½ inch core sample (mini samples) that will be collected. Of course some will be sent to the lab and some stored as per agreement with CMKX and the JV partners.
(**Pending, remember we won't see what Shore Gold or Debeers/Kensington are pulling out of the ground now. They are BULK MINING. What we need to see are ENCOURAGING RESULTS that allow the experts to conclude bulk mining can begin on the OREO or CAROLYN pipes)
3. The UCAD dividend record date will be Tuesday at close (T-3 = 20th -3 days = 17th close). The last time to get CMKX and be qualified for the UCAD dividend will be by the market close of Tuesday, the 17th of August 2004, at approx 4:00PM EST. ;)
(**True, and good for all of us)
4. We may or may not see a market maker cover on the NSS position although we are hoping for a cover. If we don’t do not panic because this means they have a huge naked short position in my opinion and decided to try and pay the UCAD dividend and play as if there is no NSS position at all. Why? To discourage disgruntled investors and hopefully sham them into selling their CMKX shares, possibly 100’s of billions when the PPS doesn’t move and no cover is evident. If no cover by the record date, simply hold all of your CMKX shares and wait for news from the company. :o
(**Agree. Again, I'm waiting for the SEC filing on share structure and Atty Glenn's comments and stradegy on the NSS issue.)
5. Many investors that have not made up their mind may begin to buy in for a taste of the UCAD dividend. This means we may get some upside PPS action from skeptical investors that decide to buy in before the market close on Tuesday and decide to pay a little extra if need be to get the dividend. :P
(**Pending, and expect the same reaction unless other news comes into play :) )
6. Hopefully we will get some clarification as to the distribution of the UCAD dividend this week. I personally hope Sterling’s speculations were right about the UCAD dividend being paid on the “legit float” and excluding all of the restricted shares. I know we had the OTCBB, Pink Sheets, and TD Waterhouse info released, but I sure would be glad to get it from CMKX. As I’m sure most would. ;)
(**Agreed and my opinion is that a pleasant surprise will occur.)
7. Very possible we may get the CIM dividend breakdown some time this week or possibly at the end of next week. We can dream can’t we? (**Pending and curious how this one will play out)
8. Maybe we will find out how to get one of those CMKXtreme Prepaid cards. I still can’t get any info on how to obtain one. I am still not sure why I would want too seeing I have Credit Cards running out of my billfold already, but it could help Team CMKX, so why not. There still is no link from the CMKXtreme web site giving info on how to get the card. (At least the last time I checked there was no link) ???
(**I'm asking the same question. I'd love the card, but just need to know where on-line to get it.)
9. As a long shot we could get some more dividend announcements this week coming from the meetings in Saskatchewan with possibly some share and hopefully a cash dividend. Why not dream big if I’m going to dream? :P (**Pending, possible at any time, and would assure a base and family of shareholders for years to come.)
10. We may have picked up some more JV Partners as some of the junior mining companies may have wanted to get on board the CMKX Express. ;D (**Pending, we should know soon)
11. We may have picked up some more claims using our aerial survey and company expertise to grow the company and build more company value. :P (**Pending, we should soon)
12. Who knows, we may actually get a look at the O/S from a PR some time this week. It is possible. :o
(**Or O/S will be revealed from the pending SEC filings as they become a reporting company, and move to another exchange)
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Dr.D, excellent as always. I hope me reposting your points, as well as the points offered 2 months ago, provide a road map for knowing what to expect as CMKX emerges into a growth company.
Be well, Bo
Everyone, please read sqft's post. I had...
..copied it and was going to paste here in this post for all to see. sqft, good job in bringing it here.
It is very different. It has me quiet inside, with the peace of knowing this is going to happen for all of us.
Everyone knows Melvin's style. His verbage and sense of humor. His only saying what he can.
This post offers a humble, real, very capable person now giving a glimpse of a man's dream, and the plan that is now CMKX.
This isn't about our opinions on here, and who's post was longer, funnier, more comforting or took us on the wildest ride of speculation. He's telling you what our business is, and what it is not. He explained what mini-sampling is versus bulk sampling like Shore Gold. Both of these points, we have tried to offer to help many understand where CMKX is and what to expect.
He's telling you about his job and more into the trust, belief and love he has for Urban. He shows us his personality and helps answer as many questions as he is allowed. But Urban is his friend, his strength for his wife and his family, and his boss. What he wasn't able to answer for us in the past, it was because Urban, and more recently Atty Glenn, having very good reasons for not doing so. He trusts Urban's dream and plan, and so do I. I know many of you do as well. We have been BLESSED up to this point to have the pubilicity and attorney representation that will very soon begin to realize all of our hopes and dreams. Our trust, support and loyalty to Urban's business and dream will open up the potential in all of our lives.
Speaking of potential, in my opinion the revenues and costs illustrated by Melvin came from this week's meeting. All parties were at the table. The geologists (plural - more than 1) spelled out for Atty Glenn what is now before us. That is: the most sophisticated survey showing over 100 anomalies in one of (if not the) most diamond rich areas of the world. Large anomalies with great potential. You can sense the brainstorming sessions of the meetings with the different ideas of simply picking prime targets and beginning mining the areas. There is a sense that the Oreo Pipe is one of real promise from what he is saying.
There is also a sense of a very real naked shorting issue that is going to be revealed in the very near future. Two nights ago, I made my one and only post I will make on proboards35. I felt it gave them insight to different issues about our potential, and finished by what I thought about the naked shorting issue. Up until that time, I truly had no deep assurance about what to expect. After Friday, I felt that assurance and spoke about it for the first time.
Unfortunately, something happened on the proboards35 that is happening on other boards. Bashing most likely from paid MM's are getting in these sites and posting heavily in order to be automatically considered moderators. When that happened on pro35, good posts were deleted again and again, until the entire board was wiped. My post went with it and I'm not able to retrieve it. Many true longs who posted there started their own board and proboards35 will likely die off or become a useless forum. Mach, this board is truly the best. Thank you.
In my deleted post from the other board, I mentioned that something unexpected came from Melvin by Friday. Ignore his verbage and spontaneous dancing attacks (lol), he said in as many words, the naked shorting ,problem is huge and will be addressed.
Like I say, his verbage included the word bejeeezus...lol, but the fact remains,
He said it.
In this recent period, you may love him or not, like his personality or not (I do), but when it came to the serious questions or issues, he always gave straight answers or refused to comment. His trust and loyalty for Urban was and is, always in place, and since Atty Glenn coming on, his answers and UC's have been more reserved as advised by Roger.
Melvin would not recklessly be allowed to say such a thing during such a critical time for CMKX. Urban has spent over the last 10 to 15 years of his life on his work, his dreams. Atty Glenn is a partner in a lawfirm with GLOBAL PRESENCE. He would not allow such a statement be made by Melvin now. Urban, Atty Glenn, JV Partners, Venture Capital Firms and geologists are going through the most important meeting they have ever faced in their business and in CMKX's history! This lays the groundwork for all that is to come. In my humble opinion, Melvin's comments today and his words on Thurs & Fri triggered something in me that I cannot explain, but only sense being 20 years in business, planning, law and investments.
My sense is we are about to show the world that we are a serious company that is postured to do some serious business in the diamond industry. We are also a company that will have it's stock fairly traded, or the culpable parties will be exposed.
There are so many good people on here and elswhere that will be touched, and families healed or well on the road to healing because of the burdens that will be lifted. I pray it be soon.
From what I have written above, I feel deep within me that may well happen.
Be well, Bo
CMKX: About Houstontex's post...
VISA is a Bank of America product, and has been since 1958 since its inception.
http://usa.visa.com/personal/about_visa/who/who_we_are_history.html
I did not see Citigroup mentioned anywhere in the press release. I haven't seen the card. If someone has seen the card, I ask they post to confirm if Citibank is provider of the card.
Please note, it is not a big hairy deal whether Citigroup is the provider or not, other than keeping the facts straight. In assuming Citigroup as the provider, Houstontex was establishing the Roger Glenn connection, when I'm not sure we know who the provider is at this point. At least I don't.
It's not a revelation when I state thousands of financial institutions, Citibank just being one, provide VISA cards worldwide.
This does not diminish VISA's involvement here. In fact I appreciate Bank of America's support very much! No matter the name of the providing bank, that is outstanding and rare for any company under .20/share to offer. It just doesn't happen.
Now if we confirm Citibank is the VISA provider, I'd say BOA and Citi are not bad company indeed. : )
I simply haven't seen who is issuing the card. If others have, please feel free to shed light on the matter. Be well, Bo
Mach, thanks and as always...
Your hands on work is the best, hands-down.
Very exciting times ahead for both SSWH and CMKX.
Sorry this is short, but heading out for the evening here.
Bo : )
Mach: What's buzzin at SSWH?
Football and basketball seasons are fast upon us, and I know what I'd like to see from them. Just wondering if you've had a chance to speak with them recently. Bo
Debeers link - Kimberlite/Uranium
http://216.239.57.104/search?q=cache:osRyK_jiyYgJ:www.debeerscanada.com/files_2/pdf_documents/victor....
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As we can see from this study, even though uranium was found in the country rock and kimberlite tested, they determined it wasn't minable.
Please note, what I'm offering is just discussion and trying to learn more about our claims and their potential based on what Zen32 wrote a few days back.
My initial thought when I read his post boiled down to one simple but important point. If Shore Gold's Star Project and Debeers/Kensington's #122 were uranium rich, they certainly would have identified and reported this in their findings by now.
It seems at least for the portion that Debeers tested, this conclusion holds true.
That is not to say we won't find minable uranium in our country rock or kimberlite, but our business is diamonds. Based on the above, our efforts will stay concentrated on diamonds, unless minable uranium is found by chance.
If others have found additional info to agree or disagree with the above, I would certainly welcome reading it. : )
The other point of Zen32's uranium post can't be dismissed however. Because he connected the dots to key players in the industry with CMKX, we cannot overlook CMKX's huge leverage position. With the promising Goldak survey, we have seen over the past 3 weeks how such leverage works to our benefit.
If CMKX chooses to have a percentage stake in uranium mining, or any other natural resource (i.e. oil and natural gas), they have the collateral in their claims to afford such a venture.
Be well, Bo
Dr.D., post away long winded and all.
Mine range from merely posting a link I feel is relevant to the industry or CMKX, to embelished novels as well sometimes..lol.
With years of business, law and investing experience behind me, I'll be the first to say that I still learn everyday.
In 10 or 20 years that will hold true for me without a doubt.
No, the posters aren't large in number here like other boards, but many bring great points and ask excellent questions. This board keeps it real and spares the drama. : )
I think a lot of people on here, you and I as well, have questions whether they be general or specific. I say, let's all start asking questions. Questions trigger much discussion and have us all researching and doing DD for the answers.
If there is a point we can't seem to agree on or find the answer, then maybe Mach can present our questions to the company, or have them asked at the races. If in presenting them to the company Melvin is not sure of the answer, we can ask it be forwarded to Urban. Urban could then get back to Melvin to give us the answer.
It's just a thought.
With that, I have a question. My question to you and to everyone is regarding the uranium connection. Zen32 posted a few days back about the key people invovled in uranium mining companies and how they are connected to CMKX.
Can we find a 'mining connection' between our claims and uranium? Translated, is it possible for the kimberlite or the makeup of our surface mining area to contain minable uranium?
So far I have come up with one related link from Debeers I'll post in the near future. I'm seeing where kimberlite is a source of uranium, but I'm not finding anywhere where kimberlite is a minable source of uranium. Information regarding the composition of our surface mining area isn't easily found either.
Being an alum of PSU, JoePa has a saying that you're never as good as you think when you win, and you're never as bad as you think you are when you lose.
Now I don't know how that applies to their last 3 out of 4 seasons. I've held my breath so long waiting for them to return to their form of old, my head may pop off around game 3 or 4 of this year.
I'm breathing easy with CMKX however. They have too many serious alliances with JV Partners, E & A, NHRA & ASA, Goldak and VISA not to be considered a great short and long term investment.
If you read my past posts, you'll see way back when I offered that our Goldak survey is the key to our valuation in both the short and long term. This was something I offered on Allstocks as well, prior to posting here. The area we are drilling now is certainly important for it's own intrinsic worth. But successful results INSTANTLY make the rest of our claims that much more valuable to CMKX, and to whoever wants to buy all or part of these remaining claims.
Welcome aboard again Dr.D. It's a good group here.
Be well, Bo
Be blessed Billy. Bye for now all...