Post by fastwalker on Apr 29, 2006 10:42:35 GMT -5
Whoopee is CMKX returning to the market?
That would be outstanding if in fact CMKX returned to the marketplace and started trading again. Just for the sake of how significance that move would be, lets look back at some known CANADIAN DIAMOND history, which we can assume, CMKX will or should be very similar to CMKX, if and when it returns to the market.
Back in 1981, Chuck Fipke, a geologist based in Kamloops, found diamond indicator material while prospecting near the MacKenzie Range on the Yukon-NWT border.
Prospecting up there is doubly difficult - the season is very short, and the cost of transportation extreme. However, buoyed by his findings that year, Chuck spent the next summer firming up his discoveries, before founding DiaMet Minerals Ltd in 1983, to provide funding for the work. In 1984 he took the company public on the Vancouver Stock Exchange, but it was only 5 years later, after a lot of mosquitoes, blackflies and thin pickings that the company announced in 1989 that it had found "encouraging levels of diamond indicator minerals near Lac de Gras in NWT". Note the wording: they didn't say they'd found diamonds, only encouraging levels of indicator minerals.
The following year, the company staked 450,000 acres of property, and signed up a major mining house (BHP) as a joint partner. With the added financing and credibility of this deal, DiaMet began a series of site evaluations, and in late 1991 announced they had recovered 81 diamonds from 130 lb of kimberlite core.
That was enough for everyone else. The press release triggered the largest staking rush in Canadian history. Vast blocks of land were optioned, there was a frenzy of financing on the Vancouver and Alberta Stock Exchanges, while the value of DiaMet stocks soared. In the following year, 90 carats of diamonds were recovered from a 160 tonne sample, yielding 25% gem quality, and another 9 kimberlites were identified. In late 1993 an airstrip capable of handling 737s and Hercs had been built to supply a new 180-person camp, and by mid-1994, values of $80-150 per ton were being released.
The mining operation itself is expected, when at capacity, to produce $500 million per year, and to run for at least 25 years, with the possibility of going underground for another 10 years. Five kimberlite pipes have been identified and bulk sampled to date. Two lakes have been drained or their water levels significantly lowered, all to the strictest environmental standards.
We know that back In 1991, the first diamonds were found at Point Lake near Lac de Gras in the Northwest Territories, some 300 kilometers northeast of Yellowknife. Soon after the initial find, two diamond mines were opened in this region, the Ekati and Diavik mines.
Diavik is approximately 100 kilometres southeast of Ekati. A third diamond mine, Jericho-3, began production in 2005, in Nunavut. A fourth diamond mine, Snap Lake-4 in the Northwest Territories, should begin production in 2007.
The Jericho-3 mine is located near the north end of Contwoyto Lake in West Kitikmeot, Nunavut Territory (NT). It is operated by the Tahera Diamond Corporation, which has been exploring for diamonds in Nunavut for the past seven years. Operations will commence with an open pit mine, and despite the harsh climate, it is planned to operate year-round. It is currently projected that the mine and processing plant will have an 8-year life and employ a total of approximately 125 to 175 employees and contractors.
Currently, the majority of shares in the Ekati mine (80%) are owned by the Australian mining conglomerate BHP Billton. The remaining 20% are owned by prospectors Charles Fipke and Stewart Blusson. The Ekati Diamond Mine is the only diamond mine owned by BHP Billiton and produces nearly four per cent of current world diamond production by weight and six per cent by value. The mine is expected to be viable for 20 years.
The Diavik mine, located about 300 km (180 miles) north of Yellowknife, is owned by Britain's Rio Tinto PLC (60 per cent) and Toronto-based Aber Diamond Corp. (40 per cent). It employs 700 workers and produces 8,000,000 carats annually for total sales of $100,000,000 Cdn. The area was first surveyed in 1992, construction began in 2001, and diamond production started in 2003. It provides approximately 5% of world diamond production. The mine is also expected to remain in operation for 20 years.
The Snap Lake mine, owned by DeBeers and operated by DeBeers and AMEC consultants, is starting this year and is expected to remain in production for 20 more years. This mine is located under a lake and will be the first entirely underground diamond mine in Canada. DeBeers also owns the Victor mine, an open-pit diamond mine in a remote area in the James Bay Lowlands of Northern Ontario, approximately 90 km west of the coastal community of Attawapiskat.
Canadian diamonds, especially those from the Ekati mine, are high quality and extremely white. They're also fashionable, which was demonstrated when the Canadian teen singer Avril Lavigne attended the 2003 MTV Awards in New York wearing Canadian diamonds worth $50,000.
The significances of staking and working the claims is mind blowing in the beginning. Starting on Dec. 1, 2003, companies were given one month to apply for prospecting permits, resulting in long, round-the-clock lines at offices in Yellowknife and Iqaluit. There was a charge of 10 cents an acre to register a claim, $1.50 to $2 an acre to stake a claim. With 70 million acres involved, the cost of these claims it was expected to generate up to $140,000,000 in government revenue even before the mines open. The rush was on which is why prospectors desperate to finish filing their claims were dropping claim stakes from helicopters in poorly-accessible areas.
Okay, here is where some will probably get upset with me.
After reading the above, one can surmise the amount of effort required to just get started and the timeline for “required” events to happen in the proper sequence.
Assuming that CMKX is seeking to legitimize its shareholder base for a return to the marketplace, one could safely assume the cert pull is the required first step. In this scenario, we will assume that during CMKX’s self imposed hiatus from the markets, that it has in fact caught up to date all necessary paper work. We should also entertain the prospect that valuation was established and other requirements in place to ensure a smooth transition, when the actual event takes place.
Would it make sense for CMKX to return to the pinkies where it would be subjected to the same manipulations? No! We have to assume that if in fact the filing was done and we are looking to return to the market, CMKX would target an entry into either the AMEX or the Nasdaq. Without going into detail, the filing requirements and PPS standards can be found on the net.
Is this a feasible scenario? Yes of course, UC did state that he anticipated .54 a share?
Well, that figure could be attained on the pinkies, look at NDOL for example. I bout into that around .14 up to the mid .20s, currently this stock is valued at 77.5 PPS. BTW, this movement all occurred within the past several weeks. We anticipate $1.00 or more a share with a PR and an expected move to a big board…Thank you Jesus…!
Any way, I doubt that the efforts being taken to ascertain legitimate shareholders was done in order to return to the pinks or even the OTCBB (remember, back when RG assured us that the paperwork was done?) So we have to assume a move to a big board. Now consider the public display of all the legitimize the marketplace and foil manipulations AND THE FACT THAT THEY WANT TO DO AWAY WITH THE PINK MARKET, then you can easily assume such a move.
Ok, if we assume that we are headed back to the market, then we have to assume the effort is being done to clean us up and provide that transparency required to prevent further manipulation / NSS. After all, with proper transparency relevant to the company’s financial health, manipulations will be just a tad bit harder, especially if all the “real” shares are in our hot little hands.
Maybe we do have some entitlement coming our way? Maybe what we have coming our way is simply this, a clean CMKX trading on a big board where the FMV (fair market value) of CMKX will, after a necessary R/S, will in fact still make us all wealthy.
After all, wasn’t it touted that less than a million shares would be sufficient to make you very comfortable? I would personally feel conformable with a FMV at around .54 PPS.
Fw
That would be outstanding if in fact CMKX returned to the marketplace and started trading again. Just for the sake of how significance that move would be, lets look back at some known CANADIAN DIAMOND history, which we can assume, CMKX will or should be very similar to CMKX, if and when it returns to the market.
Back in 1981, Chuck Fipke, a geologist based in Kamloops, found diamond indicator material while prospecting near the MacKenzie Range on the Yukon-NWT border.
Prospecting up there is doubly difficult - the season is very short, and the cost of transportation extreme. However, buoyed by his findings that year, Chuck spent the next summer firming up his discoveries, before founding DiaMet Minerals Ltd in 1983, to provide funding for the work. In 1984 he took the company public on the Vancouver Stock Exchange, but it was only 5 years later, after a lot of mosquitoes, blackflies and thin pickings that the company announced in 1989 that it had found "encouraging levels of diamond indicator minerals near Lac de Gras in NWT". Note the wording: they didn't say they'd found diamonds, only encouraging levels of indicator minerals.
The following year, the company staked 450,000 acres of property, and signed up a major mining house (BHP) as a joint partner. With the added financing and credibility of this deal, DiaMet began a series of site evaluations, and in late 1991 announced they had recovered 81 diamonds from 130 lb of kimberlite core.
That was enough for everyone else. The press release triggered the largest staking rush in Canadian history. Vast blocks of land were optioned, there was a frenzy of financing on the Vancouver and Alberta Stock Exchanges, while the value of DiaMet stocks soared. In the following year, 90 carats of diamonds were recovered from a 160 tonne sample, yielding 25% gem quality, and another 9 kimberlites were identified. In late 1993 an airstrip capable of handling 737s and Hercs had been built to supply a new 180-person camp, and by mid-1994, values of $80-150 per ton were being released.
The mining operation itself is expected, when at capacity, to produce $500 million per year, and to run for at least 25 years, with the possibility of going underground for another 10 years. Five kimberlite pipes have been identified and bulk sampled to date. Two lakes have been drained or their water levels significantly lowered, all to the strictest environmental standards.
We know that back In 1991, the first diamonds were found at Point Lake near Lac de Gras in the Northwest Territories, some 300 kilometers northeast of Yellowknife. Soon after the initial find, two diamond mines were opened in this region, the Ekati and Diavik mines.
Diavik is approximately 100 kilometres southeast of Ekati. A third diamond mine, Jericho-3, began production in 2005, in Nunavut. A fourth diamond mine, Snap Lake-4 in the Northwest Territories, should begin production in 2007.
The Jericho-3 mine is located near the north end of Contwoyto Lake in West Kitikmeot, Nunavut Territory (NT). It is operated by the Tahera Diamond Corporation, which has been exploring for diamonds in Nunavut for the past seven years. Operations will commence with an open pit mine, and despite the harsh climate, it is planned to operate year-round. It is currently projected that the mine and processing plant will have an 8-year life and employ a total of approximately 125 to 175 employees and contractors.
Currently, the majority of shares in the Ekati mine (80%) are owned by the Australian mining conglomerate BHP Billton. The remaining 20% are owned by prospectors Charles Fipke and Stewart Blusson. The Ekati Diamond Mine is the only diamond mine owned by BHP Billiton and produces nearly four per cent of current world diamond production by weight and six per cent by value. The mine is expected to be viable for 20 years.
The Diavik mine, located about 300 km (180 miles) north of Yellowknife, is owned by Britain's Rio Tinto PLC (60 per cent) and Toronto-based Aber Diamond Corp. (40 per cent). It employs 700 workers and produces 8,000,000 carats annually for total sales of $100,000,000 Cdn. The area was first surveyed in 1992, construction began in 2001, and diamond production started in 2003. It provides approximately 5% of world diamond production. The mine is also expected to remain in operation for 20 years.
The Snap Lake mine, owned by DeBeers and operated by DeBeers and AMEC consultants, is starting this year and is expected to remain in production for 20 more years. This mine is located under a lake and will be the first entirely underground diamond mine in Canada. DeBeers also owns the Victor mine, an open-pit diamond mine in a remote area in the James Bay Lowlands of Northern Ontario, approximately 90 km west of the coastal community of Attawapiskat.
Canadian diamonds, especially those from the Ekati mine, are high quality and extremely white. They're also fashionable, which was demonstrated when the Canadian teen singer Avril Lavigne attended the 2003 MTV Awards in New York wearing Canadian diamonds worth $50,000.
The significances of staking and working the claims is mind blowing in the beginning. Starting on Dec. 1, 2003, companies were given one month to apply for prospecting permits, resulting in long, round-the-clock lines at offices in Yellowknife and Iqaluit. There was a charge of 10 cents an acre to register a claim, $1.50 to $2 an acre to stake a claim. With 70 million acres involved, the cost of these claims it was expected to generate up to $140,000,000 in government revenue even before the mines open. The rush was on which is why prospectors desperate to finish filing their claims were dropping claim stakes from helicopters in poorly-accessible areas.
Okay, here is where some will probably get upset with me.
After reading the above, one can surmise the amount of effort required to just get started and the timeline for “required” events to happen in the proper sequence.
Assuming that CMKX is seeking to legitimize its shareholder base for a return to the marketplace, one could safely assume the cert pull is the required first step. In this scenario, we will assume that during CMKX’s self imposed hiatus from the markets, that it has in fact caught up to date all necessary paper work. We should also entertain the prospect that valuation was established and other requirements in place to ensure a smooth transition, when the actual event takes place.
Would it make sense for CMKX to return to the pinkies where it would be subjected to the same manipulations? No! We have to assume that if in fact the filing was done and we are looking to return to the market, CMKX would target an entry into either the AMEX or the Nasdaq. Without going into detail, the filing requirements and PPS standards can be found on the net.
Is this a feasible scenario? Yes of course, UC did state that he anticipated .54 a share?
Well, that figure could be attained on the pinkies, look at NDOL for example. I bout into that around .14 up to the mid .20s, currently this stock is valued at 77.5 PPS. BTW, this movement all occurred within the past several weeks. We anticipate $1.00 or more a share with a PR and an expected move to a big board…Thank you Jesus…!
Any way, I doubt that the efforts being taken to ascertain legitimate shareholders was done in order to return to the pinks or even the OTCBB (remember, back when RG assured us that the paperwork was done?) So we have to assume a move to a big board. Now consider the public display of all the legitimize the marketplace and foil manipulations AND THE FACT THAT THEY WANT TO DO AWAY WITH THE PINK MARKET, then you can easily assume such a move.
Ok, if we assume that we are headed back to the market, then we have to assume the effort is being done to clean us up and provide that transparency required to prevent further manipulation / NSS. After all, with proper transparency relevant to the company’s financial health, manipulations will be just a tad bit harder, especially if all the “real” shares are in our hot little hands.
Maybe we do have some entitlement coming our way? Maybe what we have coming our way is simply this, a clean CMKX trading on a big board where the FMV (fair market value) of CMKX will, after a necessary R/S, will in fact still make us all wealthy.
After all, wasn’t it touted that less than a million shares would be sufficient to make you very comfortable? I would personally feel conformable with a FMV at around .54 PPS.
Fw
Owner
Buddy that is a good posting and I would like to add to it some thoughts I have had on this subject if in fact a move to a higher exchange were to happen,.. now for me to think in this area I would think that one it would be a lower amount of shares,.. ie CIM and on another different exchange (other then the American's exchanges) 