Janice,
Speaking of DD, have you (or others) looked into the partners in this little venture? CMKX is only a 25% partner with what appears to be three companies that are larger (maybe) and, I would suppose, less gregarious. What do these other three companies think of Mr. Casavant? Do they trust him? Have they done DD on him? Why would they place this much money into a venture w/o checking out all their partners very carefully?
I don't know, but it seems much could be learned about CMKX credibility by talking to the partners. I have not seen any discussion about any of the others on this board, but they are 75% of the potential diamond mine.
Maybe Mr. Casavant has had trouble in the past, but many successful CEOs have had some trouble in their past, but learned some lessons from their history. The major question to me is, are there diamonds with significant value to allow mining?.. and are the four companies strong enough together to be able carry through with their plans.
Each of the companies MUST be aware of their partner's past.. ..or is Mr. Casavant, and his little company, just a lightning rod??
If he is a con man as you seem to believe, is he good enough to fool three teamates that he has to work closely with?? How vulnerable are they to CMKX's fortunes?
Many more questions than answers I'm afraid..
Thoughts anyone??
Cheers,
MachZero