Owner
Post by Franko10 ™ on Mar 28, 2005 9:18:15 GMT -5
no link was provided sorry guys
Posted by: BPH
In reply to: None Date:3/27/2005 9:23:01 PM
Post #of 153246
Everyone on this board: This is a MUST READ!
Been contemplating on putting out more information on CMKX but oh well are time is coming. Urban is holding onto a large amount of cash understanding at one point CMKX can develop there own diamond mine but realize the cost is so substantial and I mean exceeding over $100 million dollars he's now talking with DeBeers to Joint Venture. The major league things Andy Hill is referring to is DeBeer's. They have been surveying the property in Canada for quite some time and they made a mistake by not undertaking this property years ago but hey Urban's timing was good. DeBeer's has had there run and now this will be a new start for the multi-billion dollar company. From what I understand DeBeer's will be fronting most of the capital with a payback by Casavant. Company will receive 50-60% percent of the profits on each joint venture. From what I hear DeBeer's is putting a valuation on the property in excess of 100 billion dollars and this is just whats been surveyed. Im sure the figure can go much higher in the near future. The reason so much stock was sold; Urban thought he could finance the whole deals himself and realized it was going to cost more than he thought. The SEC raised a flag when they found tens of millions of dollars in the bank in Vegas but now they understand from CMKX's attorneys and along with DeBeer's what really is going on. If you just take CMKX's cash on hand the stock is worth what its trading at. The last thing I heard CMKX is considering selling out but not until the first 4-5 joint ventures. I assume the whole deal is worth between 2-4 cents a share. This will probably go down as one of the most sought after played stocks that really hit it big. Watch now as the story unfolds. There has already been 3 different individuals that have identified Debeer's in negotiations with CMKX. Good luck to all.
