Post by bluediamonds on Jul 1, 2004 16:41:04 GMT -5
Races Update: CMKX bigger than anyone can imagine
By: skippergas
01 Jul 2004, 02:15 PM EDT
Msg. 39430 of 39459
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From CMKX Diamonds board:
Diamondhead
Newbie
member is offline
Posts: 9
My day at the races - 6/26/04
« Thread started on: 06/30/2004 at 21:51:24 » <br>
--------------------------------------------------------------------------------
I haven't had time to sit down and type this out until now and I got a PM from another newbie here asking about it so I figured I'd just get this done. After today's events and confusion at the very least this may be good news to hear. Take this FWIW obviously as I know how skeptical everyone has become. So, here goes.
---------------------
I spend a total of several hours throughout the day Saturday with the race team and Ron Casavant as well as a very well informed guy named Jim. IMO Jim was definately more in the know about the financial side of things than Ron and in turn, Ron was in the know about the drilling.
I got to see and hold a piece of kimberlite from Carolyn.
We talked about alot of the current facts about the operation at first. I did find out they have a total of 10 men working up there, all with between 20-30 years experience. I also asked about Melvin's "oreo cookie" comparison. He said to me that the average kimberlite pipe in the NW Territory is approx. 80 ft in diameter. He said they drilled Carolyn in what they thought to be close to center and went out 150 ft in opposite directions and were still in kimberlite. That makes Carolyn at least 300 ft wide and he also said they're not sure how much further out it went.
He aslo said that they have found a new top priority drill site which is supposed to be much bigger than Carolyn. He said he didn't know how this particular pipe was missed by DeBeers and all other local prospectors. He then explained to me that this new site is not going to be accessable to the drill rig until winter when everything freezes due to it being in a marshy area. Ron seemed very excited while telling me about this new discovery.
Finding this was a direct result of the airborne survey. He said that they were very excited about the survey results and that there are numerous "top priority" sites to keep the drill team busy 24/7. This answered alot of the questions I've had about the drilling status. Ron also told me that the money to finance the drilling operation was a combination of JV partners and private investors.
Now to my conversations with Jim. I don't know Jim's exact role with CMKM because when I asked he just said that he just did PR type things with Ron at the track and he said he's a shareholder himself and that he volunteers his time to help out Urban and CMKM. Take that however you want. I certainly don't have any idea what that means but never the less, Jim was obviously well informed when it came to the legal activities taking place as well as the securities issues.
He couldn't stress to me enough that we all need to be patient. He said this to me many times throughout the day. I told him how disappointed I was in Friday's trading activity and more specifically that the pps didn't increase after what I viewed as a great PR about the airborne survey results. He assured me that this issue was being taken care of. I specifically mentioned naked shorting and that there appeared to be alot of it going on during Friday's trading. He acknowledged the fact that he was also aware of that. I asked him if that was the reason Urban hired a law firm of the caliber of E&A and specifically Roger Glenn and he shook his head yes.
He also said to me that this is bigger than anyone can imagine. Again, take that however you want. He would not expand on that topic.
He reassured me about Urban's plan. He said to me that there is in fact a plan in place and that it will be followed to the letter and has been so far. He also told me that Urban really does want this to be an opportunity for grassroots people such as myself to have a chance to be in on the ground floor of something huge, such as what he's about to unveil. Jim really had alot of conviction when he spoke about this. He really did seem sincere. If he wasn't, he's a darn good actor.
I asked about the rumors that Urban has been in Texas buying new drilling equipment. He straight out said, "I can't comment on that." I told him I understood. He then said that this is a very sensative time and that he had to be careful what he talked about. I assured him again that I was good with that and I didn't pry.
I asked him directly about when we would see a release of the share structure and asked if Melvin's estimate last week on IBC of approx. 3 weeks was accurate. He said that would probably be pretty close. I also asked him if at least the first layer of the naked short issue would be revealed at that time. He shook his head yes again but I could tell he didn't really want to say anything about it. I left it at that.
As I was getting ready to head home I looked up Ron and thanked him for talking with me and sharing what's been going on as well as thanking him for the CMKXTreme hat he gave me. I found Jim an also thanked him for being so up front with me and that I enjoyed talking with him. I told him I planned on coming to the US Nationals in Indy Labor Day weekend and that I hoped we had great news to talk about by then and he said, and I quote, "You can count on that."
Oh, one more thing before I wrap this up. Ron and Jim were both excited about Urban planning a shareholders party in Las Vegas. They say he is very serious about it. They said it would be posted on the company website when everything is finalized. I told them both if they have a party in Vegas, I'm there!!!
Anyway, that's it. Believe what you want but I know that everything I have told here is 100% truth. I've enjoyed the posts of some very intelligent investors here. Keep up the good work and hopefully, I'll see you all in Las Vegas.
Diamondhead
Logged
--------------------------------------------------------------------------------
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
ragingbull.lycos.com/mboard/boards.cgi?board=CMKI&read=39430
By: skippergas
01 Jul 2004, 02:15 PM EDT
Msg. 39430 of 39459
Jump to msg. #
From CMKX Diamonds board:
Diamondhead
Newbie
member is offline
Posts: 9
My day at the races - 6/26/04
« Thread started on: 06/30/2004 at 21:51:24 » <br>
--------------------------------------------------------------------------------
I haven't had time to sit down and type this out until now and I got a PM from another newbie here asking about it so I figured I'd just get this done. After today's events and confusion at the very least this may be good news to hear. Take this FWIW obviously as I know how skeptical everyone has become. So, here goes.
---------------------
I spend a total of several hours throughout the day Saturday with the race team and Ron Casavant as well as a very well informed guy named Jim. IMO Jim was definately more in the know about the financial side of things than Ron and in turn, Ron was in the know about the drilling.
I got to see and hold a piece of kimberlite from Carolyn.
We talked about alot of the current facts about the operation at first. I did find out they have a total of 10 men working up there, all with between 20-30 years experience. I also asked about Melvin's "oreo cookie" comparison. He said to me that the average kimberlite pipe in the NW Territory is approx. 80 ft in diameter. He said they drilled Carolyn in what they thought to be close to center and went out 150 ft in opposite directions and were still in kimberlite. That makes Carolyn at least 300 ft wide and he also said they're not sure how much further out it went.
He aslo said that they have found a new top priority drill site which is supposed to be much bigger than Carolyn. He said he didn't know how this particular pipe was missed by DeBeers and all other local prospectors. He then explained to me that this new site is not going to be accessable to the drill rig until winter when everything freezes due to it being in a marshy area. Ron seemed very excited while telling me about this new discovery.
Finding this was a direct result of the airborne survey. He said that they were very excited about the survey results and that there are numerous "top priority" sites to keep the drill team busy 24/7. This answered alot of the questions I've had about the drilling status. Ron also told me that the money to finance the drilling operation was a combination of JV partners and private investors.
Now to my conversations with Jim. I don't know Jim's exact role with CMKM because when I asked he just said that he just did PR type things with Ron at the track and he said he's a shareholder himself and that he volunteers his time to help out Urban and CMKM. Take that however you want. I certainly don't have any idea what that means but never the less, Jim was obviously well informed when it came to the legal activities taking place as well as the securities issues.
He couldn't stress to me enough that we all need to be patient. He said this to me many times throughout the day. I told him how disappointed I was in Friday's trading activity and more specifically that the pps didn't increase after what I viewed as a great PR about the airborne survey results. He assured me that this issue was being taken care of. I specifically mentioned naked shorting and that there appeared to be alot of it going on during Friday's trading. He acknowledged the fact that he was also aware of that. I asked him if that was the reason Urban hired a law firm of the caliber of E&A and specifically Roger Glenn and he shook his head yes.
He also said to me that this is bigger than anyone can imagine. Again, take that however you want. He would not expand on that topic.
He reassured me about Urban's plan. He said to me that there is in fact a plan in place and that it will be followed to the letter and has been so far. He also told me that Urban really does want this to be an opportunity for grassroots people such as myself to have a chance to be in on the ground floor of something huge, such as what he's about to unveil. Jim really had alot of conviction when he spoke about this. He really did seem sincere. If he wasn't, he's a darn good actor.
I asked about the rumors that Urban has been in Texas buying new drilling equipment. He straight out said, "I can't comment on that." I told him I understood. He then said that this is a very sensative time and that he had to be careful what he talked about. I assured him again that I was good with that and I didn't pry.
I asked him directly about when we would see a release of the share structure and asked if Melvin's estimate last week on IBC of approx. 3 weeks was accurate. He said that would probably be pretty close. I also asked him if at least the first layer of the naked short issue would be revealed at that time. He shook his head yes again but I could tell he didn't really want to say anything about it. I left it at that.
As I was getting ready to head home I looked up Ron and thanked him for talking with me and sharing what's been going on as well as thanking him for the CMKXTreme hat he gave me. I found Jim an also thanked him for being so up front with me and that I enjoyed talking with him. I told him I planned on coming to the US Nationals in Indy Labor Day weekend and that I hoped we had great news to talk about by then and he said, and I quote, "You can count on that."
Oh, one more thing before I wrap this up. Ron and Jim were both excited about Urban planning a shareholders party in Las Vegas. They say he is very serious about it. They said it would be posted on the company website when everything is finalized. I told them both if they have a party in Vegas, I'm there!!!
Anyway, that's it. Believe what you want but I know that everything I have told here is 100% truth. I've enjoyed the posts of some very intelligent investors here. Keep up the good work and hopefully, I'll see you all in Las Vegas.
Diamondhead
Logged
--------------------------------------------------------------------------------
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
ragingbull.lycos.com/mboard/boards.cgi?board=CMKI&read=39430