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.
what does it mean to be always moronic?
are you always ironic?
Does Walter really always follow through on what he says?
Is it true? Do we really have a computer enhanced geological imaging system that enhances the image of potential kimberlite pipes?
Do all phases have very good kimberlite indicator minerals (KIMs) and the geological formations have the classic kimberlitic formations?
Thank you Gump for that link to Shore Gold Inc.
You should order and take delivery of your certificates. This way your broker can't use your shares to short CMKX.
yawn...
No one owns the claims, the claims have all lapsed and no longer exist. They were carried on the books simply for the purpose of doing a major share swap.
http://www.ir.gov.sk.ca/adx/asp/adxGetMedia.asp?DocID=3572,3385,2936,Documents&MediaID=8780&...
If you want to know who is behind 101047025 SASK. LTD. contact Saskatchewan Justice and get a Notice of Directors.
http://www.saskjustice.gov.sk.ca/Corporations/default.shtml
The Seven waves of the Perfect Storm - courtesy of Lalita Tripurasundari
In my opinion, a number of factors have combined to create the "Perfect Storm" many have spoken about. This storm comes in several waves and consists of the following:
1) A bounty of "natural resources" which Mother Nature has blessed upon the Providence of Saskatchewan such as radon and arsenic.
2) A Saskatchewan government that has been called the Eastern Europe of Western Canada and is aware of the economic and social benefits of under the table and behind closed door deals.
3) A continued enforcement of the International Trade Regulations against "conflict diamonds" a term created by DeBeers to keep up the illusion of scarcity.
4) New "innovation" that's allowed the use of technology unheard of just few short years ago, such as cars and compasses!!
5) A changing regulatory environment that will help us evade things by going offshore with the proceeds of all our illegal sales.
6) The "Laws" of artificial supply.
7) A "management team" with a long term plan that realizes that special special word fraud.
(start of excerpts) Dr. Hutchison:
There’s two principal other players in the area as well as Casavant. The other companies are a joint venture between De Beers-Kensington and Cameco, which is called the Fort ? la Corne joint venture. They hold 22,544 hectares, which is about 58,000 acres, as you say. And the other company is a company called Shore Gold, who owns slightly more than 28,000 hectares but remember size only matters in bed when you are going at it like rabid monkeys!
Now, the Casavant properties are "significantly larger than these and broadly surround them". They are also directed, or concentrated towards the northwest of the De Beers joint venture area. Now, historically the De Beers joint venture was basically staked and claimed on the basis of information known to them at the time, prospecting techniques which were available to them at the time, which are slightly outdated at the moment. So obviously, like any mining company, they've made a focus on a particular area of interest to them. But Casavant has come along at a time where the technology is a little bit more advanced and I've been very fortunate in being able to access land surrounding, as you say, the De Beers and also Shore Gold. They are planning to use this technology to delineate kimberlites surrounding the De Beers and the Shore Gold properties which have nothing to do with our company but we love dropping names!
Fort a La Corne is actually internationally known as being quite an exceptional area for kimberlites and for diamonds. It’s known because it’s got an unusually large number of exceptionally well-preserved kimberlites, and these are also proven to be diamond bearing. Now kimberlites throughout the world are typically fairly heavily eroded – eroded as a result of just simply their age and erosion by rivers and also by glaciation, et cetera, but the Fort ? la Corne kimberlites have been unusually well preserved and because they were in place in an area where there was a rapid accumulation of sediments, which helped preserve them, and then subsequently the result of about 100 meters or so – it varies, depending where you are – but about 100 meters of glacial overburden, which has helped to protect these as well. And, as I say, it sets up an internationally-known area for large kimberlites and kimberlites of significant size and because they’re diamondiferous, there’s a potential for very large quantities of diamonds on other companies claims!
When you look at a map of the De Beers claims and look at where the Casavant claims lie in association with them, you’re really talking a matter of – well the minimum is really about half a kilometer distance between a known kimberlite and De Beers area, compared to the boundary or the border with Casavant claims, so that’s really a very small distance but it is huge in the fact those areas have been drilled off previously with nothing being found!
Now, diamonds and diamond deposits and kimberlites in particular don’t fall quite into the realm of oil reservoirs where if you’ve got an oil reservoir claim, you can quite often be taking oil from other people’s properties because oil obviously is a liquid commodity and diamonds don’t behave in that fashion, but kimberlite pipes, although they have a surface manifestation or a near surface manifestation, they also have feeder pipes associated with them, which can occur a range of depth so with the existing known kimberlites in the De Beers area, there’s a very real possibility that there are feeder channels associated with them that are on the Casavant properties and this will take millions of dollars to find so wish Urban well when you see him at the Casino!
Now, the other point is that worldwide, in worldwide settings, kimberlites tend to be found at the surface of the earth, at the surface, kimberlites appear as linear-type trends, and also in subparallel linear trends across the region. Now, when you look at a map of the claims that De Beers and the associated surrounding Casavant properties, and also Shore Gold, there’s a very obvious linear trend to where De Beers have delineated kimberlites, and if you follow that line off the end of the De Beers properties, you get into Casavant properties, so there’s no good geological argument to suggest that there’s no good likelihood of kimberlites being found at the extension of those linear trends within Casavant properties, and also there’s no good geological argument to suggest that there’s not a good chance of finding subparallel and similar trends of occurrence of kimberlite in other areas of the Casavant property. So, it’s very much a possibility, a strong possibility, that the occurrence of kimberlites in De Beers claims and also Shore Gold claims nearby are suggestive of a strong likelihood that all the kimberlite is grabbed up by other companies and individuals!
Now, in the Fort a La Corne area, because you've got such exceptional preservation, you've actually got preserved the upper reaches of the volcanoes so the surface manifestation below the glacial overburden in Fort a La Corne is much, much wider. You've got almost a champagne glass-type cross section of the kimberlites in that area so you've got much more kimberlite, much more material to deal with in terms of extracting diamonds at the end of the day. And ultimately a larger mine so I congratulate the other players who actually have kimberlites!
People get very excited about kimberlites in general, but the fact is that worldwide, a fairly small percentage of kimberlites are actually diamondiferous or diamond bearing. Having such a high proportion of it for our field is particularly exciting, at least for the other participants and we hope to sell enough stock before this becomes obvious to our shareholders!
Of course, the next stage is that you want to find pipes which have sufficient quantities of stones or diamonds and an appropriate quality to be economic and that’s the next stage. Now, at the moment, De Beers and Shore Gold are getting themselves involved with a prospecting program where they are using large diameter drilling in order to look at not only the fact that they've got diamonds there, they knew that already, but in what sort of quantity and in what sort of quality, and It will give them an answer in terms of what the economic potential of the pipe is, but in our situation we tend to let our pipes lapse and our competitors pick them up who we then threaten with an orchestrated email campaign!
It’s very easy to put a dollar figure on a property which is in such an early stage of exploration as the De Beers claims at the moment, and also Shore Gold, and similarly with Casavant. Casavant, although we have a very good area in terms of kimberlite potential, we're a little short at this stage of actually putting a dollar figure on it. However, it’s true to say, certainly, that should a mine develop on the Fort ? la Corne area, it will be a large mine almost certainly, and a large mine, a world-scale mine, absolutely, is of the order of that kind of figure -- $40 to 80 billion that you're quoting. My prediction of these potential values are not far off the mark. There needs to be a good statistical backing to support these ultimately, but that’s the kind of information that comes from a good exploration program and that’s the kind of program that Casavant are going to be putting in place as we speak, pretty much, so I would say that those kind of figures aren't far off the mark, should an appropriate mine be forthcoming on the site, however, this most certainly won't occur on any of our sites because they have all been picked over!
Well, first we have to identify kimberlites on the property and there have been some other companies that will be working historically in the area and kimberlites are very much known from the area and absolutely it’s the case in the De Beers region, which Casavant claims are surrounding, and so this is the first stage which is worth only $1.00 CDN!
Now, I mentioned a little bit earlier that we are in the fortunate position of being at the forefront of some good technology and having access to the forefront of good technology in terms of aerial-based prospecting. Particularly, we are going to be putting forward a plan for doing some aerial surveys – both aerial surveys, which are called resistivity surveys, and the traditional survey, which is an aeromagnetic survey which we won't pay for unless ordered to by a court of competent jurisdiction!
Now the aeromagnetic survey is the type which has been used by De Beers and Shore Gold historically for finding their claims but this new sort of aerial technique, and the resistivity survey gives the opportunity of finding kimberlites, which are hard to find by traditional techniques. So we will be implementing that process and my understanding is that the contracts are being signed with a contractor to get into the air within a matter of a week or so and at the same time, we are ready on the basis of historical aeromagnetic data, we've already delineated a few targets on the ground, which are worth looking at in more detail. We’ve got a ground crew, which we have together, which are going to be moving into the field very shortly and will be looking at these targets. As the aerial data start coming on stream, we'll be able to refocus our ground-based surveys and so, for example, if something very exciting comes up on the airborne survey within the next couple of weeks, we can send someone into the ground to look at them immediately of course we've been saying this for years and years now!
And the third stage, which is going to be concurrent with the other two I've just mentioned, is a drilling program. Our drilling is basically the last thing that happens, once you've got a good detailed ground survey and have delineated something that looks like it’s probably a kimberlite. We already have some targets which are appropriate for our drilling at the moment, and we anticipate that, as I say, it to come forward from the aerial and also from the detailed ground surveys, we'll be delineating more targets which we can drill for those and of course when the drill flops and we don't hit anything we will be sure to bury the results or create some kind of rumor about a DeBeers take-over!
I would imagine that the airborne survey is probably going to commence within a week or so and slightly farther down the line for the drilling, and that kind of time scale also for the ground-based surveys unless we get attacked by killer sun spots so prevalent in this wild and untamed part of the globe!
Please post this on Sterling's board...
By: gr8hiker
13 Dec 2004, 12:44 PM EST
Msg. 130762 of 132754
Jump to msg. #
A nice rumor to chew on today:
tradinginbama
Diamond Finder
Gender:
Posts: 57
Re: RB rumor
« Reply #9 on: Today at 10:59am »
--------------------------------------------------------------------------------
I was on paltalk when this happened - the only reason I'm posting is to get the facts straight - make up your own mind after that....as we on paltalk did after it was presented to us.
The one that put this out goes by the name saskatoon_dog. He IM'd this to one of the board regulars and asked him to disseminate it. The regular did say that dog had been IM'ing him for a couple of weeks. Other board member chimed in and said they had also received IM's in the past from dog and he didn't seem to be a "problem child". The regular decided it was not worth posting to any board, that's why you haven't seen it till now, apparently someone decided to put it up on RB.
IMO, take it with a grain of salt - it's all rumor and we've been thru many of them before. But it would be sweet if true (like most of the others we've heard...lol). Here's the text copied directly from paltalk:
saskatoon_dog: CMKX made a deal last week with MM's to sell about 45-50b shares at .0001 from 75B nevada mineral inventory to create an inventory for MM's..The inventory is to make them survive the squeeze and recuperate the losses when this goes up to .55 to 60 cents..So the MM's may not lose, but will not win also this time with CMKX..this is going to be the scenario..CMKX will file by Dec 23 and a squeeze will start, but when they file the fourth quarter rev and EPS there will be a big squeeze..to keep the price stable at this time CMKX will give tender offer(.54) for the remaining shares (float is zero) and UC has all the float..most of the shareholderers will be gone when this goes to 10-25 cents..but the longs will only benefit from tender offer..when this is done CIM will IPO into AMEX in late Jan or Feb..enjoy the ride and ask all the whiners to shut up..i will not come back to this board again.
"please leave him a cold glass of milk and some fresh cookies... will ya???
I think he would prefer three lines of coke a six pack and a pack of marlboros.
yes, a debt of their own shares, they now own those shares and can sell them at will.
read it agin buckwheat, the shares are in CMKX's hands to sell, they never said they cancelled the shares.
"Being able to reacquire these shares for this price is a great opportunity for the Company,"
What is so great about it? Was the stock cancelled or held in treasury?
anyone know this woman?
Linda Lane aka Peaches
seaweed7777@aol.com
http://www.miyaji.co.jp/IGEG09.JPG
this is mine except that I have a badass bridge and rotosound
round wounds and of course no treble cover.... egads
http://homepage.ntlworld.com/paul.gray/basstuffjpegs/rickblue.JPG
yawn...
http://personal.nbnet.nb.ca/mccorp/rush.html
finally you post a real bass...
"I am sure Walker will be heard from soon.
Won't that be delightful, a dream within a dream like they say in the Emerald Isle.
What is not registered is their claim to the claim. The disposition holder is registered and he is noted on the disposition record as the holder of the disposition, but at no time is he registered.
I think arete means register the claims, so in fact there is a registration that must happen prior to the claim being issued. Which would mean arete is right in that they have to register the claims for the claims to exist because claims are not like rabbits you can pull out of top hats.
"However, I have talked/emailed several times about why UC or CMKX doesn't have those claims in their own name and was told because they are not a registered disposition holder.
This is true, they are not a registered disposition holder, that means their name is not on title. Their interest shows up in an agreement, I presume, that is also not registered on title as a lien or encumbrance, which also means technically that unless that interest can be registered and enforced it does not exist for any legitimate filings, SEC or otherwise.
yes...
I did find out one thing and that is it is illegal for a Sask resident to buy and sell securities of CMKX. Of course this won't stop anyone from doing it.
If you are registered as a Sask. corporation you are enttitled to apply for and receive grants in the province of Saskatchewan.
Actually Gump I have a licence for Manitoba, Ontario and B.C. and I did not have to write a test to get any of them. The test in B.C. is just recent and is very basic - much less basic than a drivers licence. So quit insulting TSX!
I would dispute that one with you, Gump.
If a company wants to own mineral claims and receive credits and incentives in a given jurisdiction they need to be registered there.
Gordon Balon
Balon, Krishan Law Firm
1335B 2nd Avenue W
Prince Albert, SK S6V 5B2
Ph: (306) 922-5151
Fax: (306) 763-1755
bkm.law@sasktel.net
A shareholder could contact Gordon Balon for more information.
http://www.saskjustice.gov.sk.ca/Corporations/default.shtml
If you contact Sask Justice you can find out if Roger Glenn did the incorporating. Perhaps he did this when he was up here for the wilderness fishing trip with the yokels.
yawn yawn yawn
Are you Saunders?
R u related to the Shore Gold Saunders?
How do you know?
Net Smelter Returns Royalty
1.1 Net Smelter Returns Royalty shall be the Gross Revenue received by , less Permissible Deductions, calculated on a quarterly basis with the following meaning in effect:
(a) "Gross Revenue" means the aggregate of the following amounts received in each quarterly period following the commencement of commercial production:
(i) the revenue received by NEWCO from arm's length purchasers of all mineral products produced from the Property ("Products"),
(ii) the fair market value of all Products sold by NEWCO in such period to persons not dealing at arm's length with NEWCO, and
(iii) NEWCO'S share of the proceeds of insurance on Products;
(b) "Permissible Deductions" means the aggregate of the following charges (to the extent that they are not deducted by any purchaser in computing payment) that are
paid by NEWCO in each quarterly period:
(i) sales charges levied by any sales agent on the sale of Products,
(ii) transportation costs for Products from the Property to the place of beneficiation, processing or treatment and thence to the place of delivery of Products to a purchaser thereof, including shipping, freight, handling and forwarding expenses,
(iii) all costs, expenses and charges of any nature whatsoever which are either paid or incurred by NEWCO in connection with the refinement or
beneficiation of Products after leaving the Property, including all weighing, sampling, assaying and representation costs, metal losses, any of umpire charges, and any
penalties charged by the processor, refinery or smelter, and
(iv) all insurance costs on Products and any government royalties, production taxes, severance taxes and sales and other taxes levied on Products or on the production or value thereof (other than any Federal, Provincial or municipal taxes levied on the income or profit of NEWCO),
Provided that where a cost or expense otherwise constituting a Permissible Deduction is incurred by NEWCO in a transaction with a party with whom it is not dealing at arm's length (as that term is defined in the Income Tax Act (Canada), such cost or expense may be deducted but only as to the lessor of the actual cost incurred by NEWCO or the fair market value thereof, calculated at the time of such transaction and under all the circumstances thereof.
1.2 The payment on account of the Royalty for each calendar quarter will be calculated and paid within sixty (60) days after the end of each calendar quarter. Smelter settlement sheets, if any, and a statement setting forth calculations in sufficient detail to show the payment's derivation (the "Statement") must be submitted with the payment.
1.3 In the event that final amounts required for the calculation of the payment on account of the Royalty are not available within the time period referred to in section 1.2 of the Agreement, then the provisional amounts will be estimated and such payment will be paid on the basis of this provisional calculation. Positive or negative adjustments will be made to the payment on account of the Royalty for the succeeding quarter.
1.4 All payments on account of the Royalty will be considered final and in full satisfaction of all obligations of the NEWCO or with respect thereto, unless Seagrove delivers to NEWCO a written notice (the "Objection Notice") describing and setting forth a specific objection to the calculation thereof within sixty (60) days after receipt by Seagrove of the Statement. If Seagrove objects to a particular Statement as herein provided, Seagrove will, for a period of sixty (60) days after NEWCO'S receipt of such Objection Notice, have the right, upon reasonable notice and at reasonable times, to have NEWCO'S accounts and records relating to the calculation of the payment in question audited by the auditors of Seagrove. If such audit determines that there has been a deficiency or an excess in the payment made to Seagrove, such deficiency or excess will be resolved by adjusting the next quarterly payment due hereunder. Seagrove will pay all the costs and expenses of such audit unless a deficiency of five (5%) percent or more of the amount due is determined to exist. NEWCO will pay the costs and expenses of such audits if a deficiency of five (5%) percent or more of the amount due is determined to exist. All books and records used and kept by NEWCO to calculate the Royalty due hereunder will be kept in accordance with generally accepted accounting principles. Failure on the part of Seagrove to make claim against NEWCO for adjustment in such sixty (60) day period by delivery of an Objection Notice will conclusively establish the correctness and sufficiency of the Statement and payment on account of the Royalty for such quarter.
1.5 All profits and losses resulting from NEWCO engaging in any commodity futures trading, option trading, metals trading, gold loans or any combination thereof, and any other hedging transaction with respect to a Product which is a precious metal (collectively "Hedging Transactions") are specifically excluded from calculations of the payments of the Royalty pursuant to this Agreement (it being the intent of the parties that NEWCO will have the unrestricted right to market and sell Product to third parties in any manner as it chooses and that Seagrove will not have any right to participate in such marketing activities or to share in any profits or losses therefrom). All Hedging Transactions by NEWCO and all profits or losses associated therewith, if any, will be solely for NEWCO'S account. The amount of Net Smelter Revenue derived from all Product subject to Hedging Transactions by NEWCO will be determined pursuant to the provisions of the paragraph 1.5 and not paragraph 1.1.
1.6 Seagrove may transfer all or any portion of the interest in the Royalty, but if the Royalty becomes payable to three or more parties, those parties will appoint, and will deliver to NEWCO a document executed by all those parties appointing, a single agent or trustee of all such parties to whom NEWCO will make all payments on account of the Royalty. NEWCO will have no responsibility as to the division of the Royalty payments among such parties, and if NEWCO makes a payment or payments on account of the Royalty to such appointed trustee or agent in accordance with the provisions of this paragraph 1.6, it will be conclusively deemed that such payment or payments have been received by Seagrove. All charges of the agent or trustee will be born solely by the parties receiving payments on account of the Royalty.
dream on...
probably cuz they're scaredy cats...
double yawn...
yawn...
To show what a nice guy he is Mr. Walker sued Dale's widow.
"Mr. Walker grew busier in early in 2001, when the head of United Carina and Pine Channel, Dale Hoffman, passed away. Mr. Walker had been a director of Mr. Hoffman's companies, and he took over the top job at both. His first task was to unravel a financial tangle the developed when Mr. Hoffman had transferred cash from the two public companies to his private businesses, in preparation for an exploration program, and it took over a year to sort things out with Mr. Hoffman's estate."