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Post by wojomojo on Jul 15, 2004 0:43:21 GMT -5
I wonder if CMKX is the front man for DeBeers. Recent events- Our lawyer, our advertising, DeBeers coming clean with the DOJ in the US. I think they would still have a hard time marketing their diamonds in the USA but what about a "CASAVANT" brand diamond. All that money for advertising where do you think it is coming from and Debeers is profitting from all of it. We all end up happy as DeBeers gets their land for mining. Urban gets his CASAVANT brand diamonds and we the shareholders -well that remains to be seen. Hopefully Urban and Glenn have talked real nice to DeBeers about us.
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Post by stevpot99 on Jul 15, 2004 0:48:05 GMT -5
there would be a heathy buy out if that happened what do you think the lands worth alone IMO
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Post by wojomojo on Jul 15, 2004 1:07:19 GMT -5
Hard to tell at this early stage. Only a couple people privy to that info maybe Urban and the geologist. Lets say 6 big pipes= $500B + 6 average pipes=$250B + 6 small pipes= $125B. Conservative estimate a little less than a trillion. That is a lot of retail 'CASAVANT' brand conflict free diamonds sold worldwide. That is just 18 anomalies we'll say the other 82 are not worth our time to mine (maybe $10B each) but worth something to someone, maybe our JV partners. Add it up 1 trillion 695 billion$$$$$$$. Of course that is over the life of the mine maybe 30 years so you divide it up to get the annual return. My calculator don't go that high. JMO
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Post by stevpot99 on Jul 15, 2004 2:04:22 GMT -5
and if there is 500 billion shares(which i dont think we have) thats 3 dollars a share
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Post by wojomojo on Jul 15, 2004 2:14:16 GMT -5
We will never get fair value for our part in this adventure. Urban was talking somewhere in between .50- .60 a share awhile back. Don't know if this plan was in effect then. I believe half that figure .25- .30 to be more representative of what we may be offered being they probably don't know what they got for value yet and Urban probably does not want to go back on his word.
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Post by wojomojo on Jul 15, 2004 2:46:06 GMT -5
Remember if this goes to a buyout- value will be the last detail played out. And it will be played way down. I look at it as a 11:1 reverse split where we get 1 and they get 11. Like somebody fat-fingered the bid-ask again. Remember this is business and someone has to make money to pay the bills so they say.---Tell me a fact and I'll learn, tell me the truth and I'll believe, tell me a story and it will live in my heart forever. This CMKX story is one I will never forget no matter how it turns out.
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Post by IQ on Jul 15, 2004 8:52:45 GMT -5
Does your estimate include all the other precious metals that are excavated like gold, silver, etc...
What about uranium surely they have found that too, oil, that whole area is just full of precious minerals etc.
Just something to think about too.
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Post by azesm on Jul 15, 2004 10:10:21 GMT -5
There is no one's brand name on De Beers's money!
If someone happens to need money he can sell all his goods to De Beers but De Beers doesn't pay for brand names.
Because De Beers has its people on Fifth Avenue.
Casavant brand name is a dream yet.
We'll stay small guys for a long time. But we'll grow fast (at least have to) and we have one-two aces in hands: that's our - sorry for that word - potencials.
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Post by wojomojo on Jul 15, 2004 12:19:16 GMT -5
DeBeers problem is they are still associated with 'Blood" diamonds. They will not be able to live that down for quite some time. In the meantime CASAVANT diamonds are sold as conflict free Canadian diamonds. People might have a hard time buying DeBeers even if they said they were conflict free and from Canada. A new shot of energy is needed and this might be our time.
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Post by azesm on Jul 15, 2004 12:48:31 GMT -5
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