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kennedy
Did Melvin make that comment on the show ?
TIA
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Chrysler300C
Talk about storytelling , someone needs to contact the Sask. goverment and ask if any companies associated with Urban Casavant have applied for any exploration permits. You can't mine anything in Sask. without permits and enviromental assessments. It's postings like that which could prevent the joint venture partners difficulty the next time they apply for additional permits for the next drill location. Who wrote the fiction in that post which I have pasted below ?
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"En Passant - The Unexpected Move
I believe that CMKX has a clandestine operating open pit diamond mine.
Reportedly there is considerable glacial overburden associated with the Forte a la Corne kimberlite pipes. Glaciers pushed across the tops of the pipes, ?smearing? out kimberlite across the surface of the land as they moved. If that kimberlite were diamondiferous, that would mean that diamonds were available with a relatively low cost surface mining technique.
CMKX could have been selling these diamonds to raise the funds necessary to purchase 1T counterfeit shares. More precisely, these funds were used to trick the MMs into creating these shares out of thin air. Urban created demand for shares that the MMs were only too happy to supply. I believe this is the explanation for the huge volume numbers we?ve been seeing for the past few months. Naked shorters have been ?dumping? and Urban has been buying.
"
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Mr. Bill
Unless Urban Casavant obtains a joint venture partner for Green Lake, CMKX won't be able to drill there. For some reason he can't apply for drill permits on his own , and that's why CMKX first drilled private property that didn't need a drill permit. I spoke to the Sask. Enviroment Ministry representative who issued the permit to Rick Walker for the just completed drilling , and he made a point of stating that all contact with the goverment had been by Rick Walker. I've been just watching to see if a joint venture partner would be found for Green Lake, for that's the only way that project would go forward.
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Hello TSXminer
I assumed that it should have been Emmersson Koch's construction company that was doing the excavation work for the drill site. He's also the head of one of the numbered companies holding the claims ,and I believe he is on the land title of the house Urban Casavant has in Las Vegas , which by the way isn't even registered in Urban Casavant's name.
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Hello ou
Looks to me like CMKX is going to begin to move , but not based on drill results. I imagine your watching Walkers' companies also, and they sure don't have any activity. So it would seem that other forces are at work with CMKX.
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Hello fung_derf
I found this posting by TSXminer rather interesting about Melvin and Urban. I hadn't heard that information before, and I see the post is already been deleted on the CMKX forum.
Posted by: TSXminer
In reply to: tradetracker who wrote msg# 8397 Date: 5/25/2004 12:10:51 PM
Post # of 8453
Here's what Melvin told me last year when I asked him how he got his job: Apparently UC scammed Melvin's boss out of a large sum of money on one of his schemes. Melvin's boss then set Melvin up as a PR person, so as to keep "better track of UC's activities". I took it that Melvin was not actually working for UC, but for his former boss. This was authorized by UC to somehow placate Melvin's boss.
If anyone has any doubt about the preceding, try asking Melvin yourselves before calling me a basher.
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Hello TSXminer
Well it's good to see that you returned safely from the wilderness. Melvin's boss wouldn't have happened to be Koch ? Just curious for I hadn't heard that information before.
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There isn't much use in getting too excited about drill result rumours, until there is some activity in the Canadian joint venture partners which are controlled by Rick Walker. As you can see from the quote below for KPG.V, there's no activity and KPG has less than 40 million shares outstanding.
Detailed Quote - Consolidated Pine Channel Gold Corp. - http://www.pinechannel.com
Sym-X Bid - Ask Last Chg % Vol $Vol #Trade Open-Hi-Lo Year Hi-Lo Last Trade News Delay
KPG - V 211.0 0.06 · 0.08 2.0 0.08 0.12 0.01 May 21 14:46 May 04 realtime
Trade times are local to the exchange. Bid/ask/vol sizes in 000's.
Fundamentals · Holders · Forum · Trade Workstation · Market Depth · 3 Month Closes · Technical Charts - 1 Yr / 3 Yr / 5 Yr · Java Charts - Intraday / Historical · · Company · 1yr Bulletins · Sedar · Historical · Short · Portfolio
Bid Ask
Price 0.02 0.045 0.05 0.055 0.06 0.08 0.09 0.11 0.12 0.13
# Shares 250,000 15,000 100,000 75,000 211,000 2,000 25,000 10,000 20,000 20,000
# Orders 2 1 1 1 5 1 1 1 1 1
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Drillbit
From what I remember of Topo's past posts on RagingBull, he's an ranting lunatic. It seemed for a while that all he wanted to do, was hunt down and do physical harm to anyone who didn't agree with him. I would feel a lot more comfortable if it had been a more balanced poster who had spoken to Urban Casavant, rather than this Topo .
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Hello Red
Curious to know if you have ever spoken to Urban Casavant in the past ? Other than Rick Walker, I haven't found anyone in the mining game who has had a conversation with Casavant in the last few years . I know he has burned a lot of bridges in Sask. in the past, but I've never seen anyone in the juniors who is so difficult to contact.
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Hello sublime
I'm curious as to what newsletters are writing about CMKX ?
TIA
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jawz_2020
I don't believe that CMKX has any drill results to release at this time, due to the fact that the results aren't back from the lab for the joint venture holes. Below is a post from Stockhouse KPG.V forum by poster Grizzly on May22/04 . I wasn't able to contact Rick Walker last week myself, but it seems that Grizzly was.
"KPG.V the co that cmkx is doing the earn in on is the best bet in this play. Rick Walker is the pres of KPG. I own CMKX as well, but with only
32 million shares outstanding it is a better bet in my humble opinion.
I talked to walker mid week, he said kim's in the oven results in next 3 or so weeks. He also said more drilling is planned very soon. June could be very intresting. KPG is still a lotto ticket with a chance, and the odds are gettin better on the up side........also maybe a SUPRIZE in early June
If I buy any more kpg i will have to report lol
drill it and they will come
griz "
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sublime
Maybe a more suttle approach next time could be beneficial. Lol ! I was just curious how he acted around investors, I'm still debating whether this is a scam or not. I've played his stock plays in the past , but this one is far removed from his usual methods of promotion. As I mentioned before , I know for a fact the Casavant extended family is hurting financially from this stock . So here's hoping he has the incentive to rescue the family, and make us some money along the way.
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Hello sublime
I certainly can't be bothered checking my grammar and spelling for a investment forum. Half the time I'm watching another screen while I'm typing anyways , so I'm lucky to form even an full sentence.
When you previously spoke to Casavant at the race, was he apprehensive or very at ease while discussing CMKX ?
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Hello Red
I have no problem here in Toronto loading the www.pinechannel.com website , so it could be an issue with cross border IP's main pipelines. I was going to go out to Sask a few weeks ago and have a look around, but it was suggested to me to wait until June when more would be going on. I will look forward to seeing what you find out in the Green Lake area.
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Hello Red
It's too bad you wouldn't have time to drop in on Rick Walker , he's the person I'd sure love to talk to. I still haven't been able to reach him , and I've been trying at least several times a day for over a week now. He's not usually that hard to track down , so I'm curious what's going on. It will be interesting to see if you locate the drill rigg on your trip through and what you find out.
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Hello Willy
I'm quite sure that there will be a promotion with CMKX sooner or later. But if you do a valuation of CMKX at the number of shares out that even Sterling admits , and at a value of $.10 per share , the actual value of the company would be more than any other mining conglomerate in the world. Between the 100 million shares of CMKX that I have, and double the value of KPG.V and UCA.v that I've accumulated ,I'd have over 40 million dollars. I'm afraid I just can't believe a investment of this much could ever reach that amount of wealth. I'm sure we'll have a profit out of CMKX, but I can't imagine those values becoming reality.
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The_Free_Nebula
You certainly said it all when you posted " His credibility is on the line (Whatever that really means on the RB) ". Let's face it , how can anyone actually give credibilty to anyone , when everyone is using investment forum usernames rather than there real identity. I've thought that it should be an requirement for users of forums on the internet, to have to post their real identity rather than some username. It would certainly reduce the abuse that we see throughout the internet and make it a much more civil enviroment.
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Hello ou
Seems that you and I are thinking along the same lines. Where would the money come from indeed, I figure he's been scrambling and trying to buy time all along, to try and keep this play alive. You can't fault Urban for trying , but he sure could have done a lot better job at the start.
Since we both know how Canadian companies must release news in a timely fashion under TSX Venture regulations . I find it unlikely that Rick Walker would allow the drill results to be back, and not released in a news release. I believe Rocket's thoughts on the upcoming promotion of CMKX are probably close to the actual events that will transpire . CMKX will try and piggyback off of KRT.V and Shore Golds upcoming bulk sample results.
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fung_derf
Well if it wasn't meant to be a joke , and he's actually serious , he may need to be introduced once again to reality.I just can't imagine how anyone could possibly think a stock trading at $.0001 could ever reach a share price as high as he has claimed in the past. Didn't I see Sterling once post that he expected CMKX to be 16 dollars sometime in the future ?
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Sterling missed his calling , he should have been a writer for the Twilight Zone. Between he and Oaks , who I suppose is still sitting on the hill looking at the view, really need a dose of reality. As far as that Topo character is concerned , his claim to fame should be the way he spent all his time threatening poster on RagingBull. CMKX has turned out to be the most bizarre stock that I have ever invested in, since I started doing this for a living after school.
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Hello sublime
Sometime have a look at NNOS and see if you notice anything interesting or familiar. As they say , "so the story goes "
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Hello sublime
Well I've never believed the crap about naked short selling myself. I've always figured it was Casavant selling shares to try and finance this stock play , after all why else would he have increased the authorized shares to 500 billion . The rumour I heard was that he got taken during the initial pump when the stock was still CMKI by a group from Las Vegas . He and the extended Casavant family had been unable to unload shares during that run, and he's been scrambling ever since to get out of this mess . I made good money on the first run to $.05 , and then waited for him to let it settle back and do a share consolidation, which never happened. From what I've been told there are a lot of ordinary Casavant folks and Sask. locals who have been hurt very badly financially by this whole stock play gone bad. If you have ver followed Canadian junior stocks ,you know what I mean by this play not following the usual pattern of initial pump and run , then share consolidation followed by cheap financings and then the promotion to higher levels. Didn't happen here for he and the family never got the chance to sell on the initial runup.
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Tim71
Here's just a thought , it's a holiday here in Canada on Monday . So most brokerages and Canadian players aren't even around today , so maybe the vast amount of volume on CMKX is usually coming out of Canada. Could be no connection at all , but it does make me wonder.
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Hello fung_derf
I know for a fact that Melvin's old username was halfstep3, for I use to read and correspond to his postings. If you called him he would verify that those postings were by him.
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Thanks ou
I was skeptical when I read the first email from someone I know, who stated that the $.0002 asks dissappeared yesterday for a short time. I appreciate the confirmation that the $.0003 never showed as the lowest ask.
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Hello sublime
So you didn't happen to see the $.0002 ask dissappear for a short while yesterday ? Maybe they were seeing things yesterday, one of the effects of long term ownership of CMKX shares. Lol I have no idea , but they are sure the $.0002 vanished for a short while off of level 2 yesterday.
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Hello sublime
I actually find the filings and news releases from Walkers' companies , about the only factual information available in regards to CMKX.
Does anyone know if $.0003 actually showed up as the lowest ask yesterday on CMKX ? A few people mentioned that to me last night , but I had been out for a while yesterday ,so I hadn't been watching level 2. If that actually happened, then I would question if the $.0002 ask is in fact real.
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CMKX information , from Shane Res SEI.V latest Sedar filing just out today. Here's the latest Sedar filing for Shane Res which is one of Rick Walkers' companies and will give you a bit of an idea about the Surround Project as so many CMKX extremists like to call it. I hope the link below works alright.
http://sedarfiles.stockwatch.com/sedar/viewsedardoc.asp?docid=607418
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Hello fung_derf
Well at $.08 a share and only 40 million shares out KPG.V has a great deal less risk of a share consolidation and is a reporting company. Also they have acquired land positions in other areas which gives them many other potential drill programs. Such as the land postion they recently acquired and shown in the news release below.
United Carina and Consolidated Pine stake Alberta land
2004-02-04 12:39 ET - News Release
See News Release (C-UCA) United Carina Resources Corp
Mr. Rick Walker of United Carina reports
United Carina Resources and its 50/50 joint venture partner, Consolidated Pine Channel Gold, have expanded their land acquisition by staking of 129,024 hectares approximately 70 kilometres southwest of Ashton Mining of Canada's K296 kimberlite pipe located in the Buffalo Hills area of Northern Alberta. Ashton's exploration in the area has discovered 38 kimberlites, of which 25 are diamondiferous.
The UCA/KPG property is situated along several parallel northeast/southwest trending basement linear features which transect Ashton's Buffalo Hills block which extends southwest into the vicinity of previously located kimberlitic indicator minerals within overburden whose source remains unknown. The indicator mineral grain morphology (surface condition) tends to show a relatively short transport distance. The geochemistry of the garnets is similar to those reported by Ashton for its pipes in the Buffalo Hills.
The qualified professional for the property is Paul A. Hawkins, PEng, of Calgary, Alta. A program to review indicator mineral occurrences and airborne geophysical data is under preparation.
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sublime
I've been concerned about an share consolidation since Rick Walker told me that Casavant informed him near the end of the year , that at that time, there were 80 billion shares outstanding. That's the same information that Rocket Red received from Walker , and I believe it to have been fact at that time , due to Walker's history as a straight shooter. The rumours of a merger certainly don't make me feel comfortable for you can be sure the share holders won't do well on such a venture. I'm just hoping there is a promotion and price rise before these rumoured events take place ,so that I can take a profit and be gone. I'll hold the CDN stocks longer term, if I feel that there could be potential for this play over a longer period of time. With around 40 million shares outstanding there's a lot less chance of a share consolidation with KPG.V or UCA.V. As far as a promotion is concerned , I'm thinking along Rockets' line of thought , that the timing of a promotion will be based on when Shore Gold's bulk sample results are released.
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Hello sublime
I realize that most of you most likely reside in the USA , which would make it more difficult for you to trade Canadian stocks .But you could possibly find buying the CDN partners shares a safe hedge against a negative action by CMKX such as a share consolidation or less than attractive merger. I may have 100 million shares of CMKM , but I purchased a larger dollar value of the CDN companies KPG.V and UCSA.V , just in case Casavant pulls a fast one. At least with Walkers' companies there are exchange filings and a informed corporate head , who can be reached at times for timely information.
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Tim71
CMKX can't withhold information due to the fact that the joint venture partners have to make timely disclosures as outlined under the regulations of the TSX Venture exchange and the British Columbia Sec. Comm. That's why we saw a progress report from KPG.V and UCA.V recently , due to the regulations of disclosure of the CDN exchange . Rick Walker will press release the results once obtained, for he won't risk the chance of his companies being halted or suspended . And as far as the Walkers' companies merging with CMKX it would never happen for the TSX Venture exchange would not allow it ,and I know from the Sedar filings of KPG.V that no notices have been filed about that intention.
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Mr.Bill
It seems to me that CMKX gets bashed due to the fact that Casavant refuses to inform the shareholders of the current events regarding CMKX. The only way to obtain information about the company itself or it's drilling progress , is to contact the joint venture partners and speak to their company head. Anyone who has played the exploration juniors for any length of time knows that they're a long shot, and that just one isn't going to make you a millionaire . But CMKX is heavily invested by rookies, who are under the illusion that thier going to get rich off of CMKX, reminds me of the tulip episode in Holland long ago.
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Well Skunks
I see we find ourselves involved with the same stock once again. I'm really getting worried , now that I see Willy is also interested . Lol
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bountyee
Hello ou
From what I've been told , I don't believe Casavant could even acquire a drill permit on his own. What I can't understand is why some of the numbered companies holding the supposed CMKX claims haven't applied for drill permits themselves. I know Emmerson Koch heads at least one of the numbered companies, and he should be in a position to apply fro permits on the numbered companies behalf. As far as Melvin is concerned , his hands are basically tied by Casavant , and it's not really worth even bothering to inquire about any events with him. About the only information that I believe about this drill program ,is what I've been able to hear from Rick Walker. Walker's companies will be the source of information that Casavant won't be able to mute, due to the CDN partners having to make timely disclosures as outlined by the TSX Venture exchange. I keep expecting a promotion to begin along the lines that Rocket described , timed with the upcoming results from Shore Gold's bulk sample. But so far I haven't seem any clear indication that it's getting close .
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speedober
The news release below should have that information.
United Carina, Cons Pine hit kimberlite in Saskatchewan
2004-05-04 18:35 ET - News Release
See News Release (C-UCA) United Carina Resources Corp
Mr. Rick Walker of United Carina and Consolidated Pine Channel Gold reports
The first two holes drilled on United Carina Resources' and Consolidated Pine Channel Gold's Smeaton, Sask., area property have encountered significant intersections of kimberlite.
Hole No. 1 entered kimberlite at a depth of 410 feet and continued in kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort a la Corne area to date. Hole No. 2 entered kimberlite at a depth of 394 feet and stayed in kimberlite to 640 feet for a total thickness of 246 feet.
Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis.
After a short break to allow ground conditions to thaw and dry out, drilling is about to resume on this target, with two or three more holes to be drilled. The purpose of these holes is to further define the geometry of the kimberlite pipe and to provide further samples to assay for any diamond content.
The Smeaton property is currently jointly owned by United Carina and Pine Channel, with CMKM Diamonds and U.S. Canadian Minerals each earning a 25-per-cent interest. The 25-per-cent interests will be earned by CMKM Diamond and U.S. Canadian Minerals each providing $50,000 (U.S.) and each financing $200,000 (Canadian) worth of exploration on the 27-claim property. Following the drilling of the current target, further work will be conducted on the other areas of the property. Urban Casavant, president of CMKM Diamonds, the operator, has informed the companies that the project is ahead of schedule and under budget.
The qualified person on this project is Ralph Newson of Saskatoon.
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fung_derf
In regard to CMKX holding back results , would be extremely difficult for them to do that . Since the Canadian partners trade on the TSX Venture Exchange, they are required under the regulations of the exchange to release those results in a timely fashion. Under CDN regualtions they can't keep the results to themselves , so Casavant doesn't have much choice in this situation.
One interesting observation today, is that the asks have thinned out a great deal on KPG.V this afternoon and the bids have actually increased.
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Red
You know the one thing that is bothering me at this time , is the lack of interest or volume on any of Rick Walkers companies. I own 100 million of CMKX ,but I hedged and bought more of Walker's at the time , due to the 80 billion issue. The both of us have played these juniors for a long time , and have a idea how the game is played , so know what I mean by being troubled by the lack of activity with the CDN partners.
TIA
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Hello Red
Have you been able to talk to Rick Walker lately ? I've been trying to reach him for about a week , but so far haven't called at the right time. He's about the only one that I've found that relays accurate information. Like when he told the both of us about the 80 billion shares outstanding back at the end of last year.
TIA
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