Replies to post #297338 on CMKM Diamonds Inc. (fka CMKX)

[TSXminer]

There were never any JV's between CMKX and Shore Gold or Kensington. And no, there wrere no "secret deals" either...both Shore and Kensington were fully reporting companies and would have been bound by securities law to report any such JV's.

[Pedro2004]

Keep in mind that Urban never exercised any of the JV’s option agreements.

It’s a shame – because if Urban would’ve exercised the option – CMKM would own the below.

I put this up on 66 awhile ago –

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There are two claims acquired in the year 2000: S-134434 and S-134435

CONSOLIDATED PINE CHANNEL GOLD CORP. 17.50%
UNITED CARINA RESOURCES CORP. 17.50%
SHANE RESOURCES LTD. 25%
FIRST LABRADOR ACQUISITION INC. 25%
TWIN OAKS MANAGEMENT INC. 15%

The CMKM Canadian JV’s owned 60% of the two claims.

For a couple of hundred thousand dollars –
Urban could’ve optioned these claims – and CMKM would’ve owned 29.4% of the two claims.
But – Urban never optioned them!


During the time period from 2002 through 2005: the Canadian JV’s sold 15% of the rights to the claims leaving them with 45% in the year 2005.

Then the CMKM Canadian JV’s sold them off:






As you can see – the claims were adjacent to Shore Gold’s 122.

.... western flank of the diamondiferous 122 Kimberlite owned by the DeBeers/Kensington joint venture.


Forest Gate ended up buying out the other owners – and ended with 100% ownership of the two claims. Once they did – they started to sample.






Link to complete report -- http://viewer.zoho.com/docs/f4IbW







Link to complete report -- http://viewer.zoho.com/docs/j6Ihe




If Urban would’ve executed the option -- CMKM would've owned 29.4% of the diamond claims.