Uranium, JV partners

[azesm]

From IHUB, by Zeninvestor32


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From Z
« Thread started on: Aug 9th, 2004, 9:34pm » <br>TEXT



Part one of two:

"I HAVE SOME INFORMATION TO SHARE" by Zen (IHUB)
« Thread started on: Today at 9:14pm »<br>
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The following is from Zeninvestor32 over at Investors Hub...

I HAVE SOME INFORMATION TO SHARE

My initial position on this information was "screw the short/bashers. they don't deserve to know this and I'd rather they be caught offguard if anything I have found out actually turns out true." Ultimately, given the bluntness of their attacks and my conviction today that this ball is rolling and cannot be stopped, I feel it in the best interests for me to share what I have uncovered with everyone.

A few disclaimers first. EVERYTHING contained herein is public information that I have obtained by simple searches online. Just a lot of dot connecting with publicly available information. I've provided all the links. I have not been tipped off by anyone and, in fact, have seen every one of these companies below touched on by a post online at some point. (Oddly enough TSX Miner actually tipped off the big gun). Second, I have no idea if ANY of this has any actual connection to CMKX. I present it for you to evaluate and reach your own conclusions. Personally, I find it compelling. You may not. How you treat this information is up to you. I am just posting what I have found. Again, there could be ZERO connection to CMKX within. You decide how to interpret this info. I may have nailed this and, conversely, I may have found NOTHING of any relevance. Only time and formal PRs by the company will tell.

Onwards we go.

First things first, I've already mentioned that I have some suspicions of uranium being somehow involved here. From what I have uncovered, this region of Canada (Saskatoon, Saskatchewan) is one of, if not THE, richest uranium regions in the world. It is no surprise that Cameco, the #1 uranium producer in the world, is headquartered here. ( www.cameco.com ) I have always figured that if any rights were to be sold off, this would be a key one to sell because uranium is so highly specialized and regulated. I just didn't think it was something that Urban or any of his family probably would care to deal with. So that being the case, my first logical conclusion was any uranium producer in the area might be interested. That lead me naturally to Cameco. But that's a pretty big leap without some kind of tie.

Now at the same time, I began looking more deeply into our Canadian JV partners wondering whether they had anything more to offer us than just some drilling money. I knew Rick Walker was involved in UCAD and also held officer positions at all three of our other JV partners (Carina, Pine, and Shane). So then I began dissecting all three of these JV partners knowing that something was obviously brewing with a merger of sorts. I mean, come on, Rick Walker is pres. of all 4 of our JV partners? Pretty obvious that SOMETHING was cooking. I just didn't (and don't) know what. But this lead me to look more closely at anyone else involved in those Canadian JV partners.

I came up with Rick Kusmirski. He's the only other director (besides Walker) listed for United Carina. ( www.unitedcarina.com )

He is the only other director I could find for Consolidated Pine Channel outside of Rick Walker. ( www.jnrresources.com/s/ManagementProfile.asp )

Now a little background about Rick. He was the project manager for Cameco in their Athabasca Basin region exploration program. ( www.jnrresources.com/s/ManagementProfile.asp ) And he is the current President of JNR Resources which holds a JV agreement for uranium exploration in the Athabasca Basin region. Do minimal research on Athabasca Basin and you will find that it is considered probably the world's richest location for uranium. Number one. Naturally I saw something developing here. One of our chief guys among our Canadian JV partners wasn't just the exploration manager for Cameco, the #1 uranium producer in the world, he was their project manager for Cameco's #1 location -- the Athabasca Basin. I'd say this makes him what I would term a "heavy hitter" in the uranium business. And he is tightly woven into two of our Canadian JVs. I personally felt this was a pretty tight connection. But then I went further.

I mentioned that Rick Kusmirski is also the president of JNR Resources (trading as JNN on the Vancouver Exchange). ( www.jnrresources.com )

JNR Resources has two prominent JVs with International Uranium Corporation (trading as IUC on the Toronto Exchange). Now things get interesting. Just two weeks ago, the President of IUC became a director on the board at JNR Resources. ( www.resourceworldmag.com/news.cfm?show=newsresults,quote&id=232388&pfmt=1 ) I would say this makes for a VERY tight connection between UIC and JNR. There are only 4 directors at JNR. And one is the president of UIC. Well, naturally, this led me to look further into what Hochstein and UIC might be bringing to the table.

And that is when I was blown away. UIC is considered one of 11 corporations owned primarily by what are referred to as the Lundin Group. They are a multi-billion dollar family holding a collection of mineral and natural resource companies that leaves your mouth gaping. Here is a large PDF file that you can pull up all their information from ( www.intluranium.com/data/LundinGroupSummary.pdf )

UIC is one of their babies. And in fact, the largest shareholder of UIC is Adolf Lundin ( www.antenna.nl/wise/uranium/uciuc.html ). Adolf Lundin in fact I found out is the senior Lundin that basically is president, chair, or director of practically all their holdings along with his sons Ian and Lukas.
By the way, the Lundins also own Lundin-Petroleum ( www.lundin-petroleum.com ) should we have any oil/gas rights Urban wants to sell. Heck, the Lundins own a piece of just about every natural resource known to man (although conspicuously no diamond company).

Now when I was doing my search on UIC, I came upon this link ( www.antenna.nl/wise/uranium/uciuc.html ) where I noticed that their US office was headquarted in Colorado. Hmmmm. Not far from Nevada. Wouldn't that be a coincidence if they too filed some kind of corporate articles at the same time as De Beers. So I checked the Nevada corporate listings and unfortunately found nothing. But thinking maybe they filed in the state they are headquartered in, I went ahead and checked Colorado. I did a search for Lundin. I pulled up Lundin Investments LLC. Articled filed on June 10, 2004. 2 weeks after De Beers filed in Nevada. One week after Roger joined CMKX.

Be right back with part two.

[azesm]

Part 2 of 2:

continued...

What do I see? I see that outside of Rick Walker, the man apparently second in command among our Canadian JV partners is Rick Kusmirski. A former Cameco bigwig who happens to have the president of one of Lundin's corporations on his board of directors at his other Uranium project, JNR Resources. I guess what will be debated is whether you think this is a strong link or not. My personal opinion is that if our property is rich in uranium, oil/gas, and any other precious metals or resources, Mr. Kusmirski has some connections that will not only know it, but will be very interested in it. I also personally question how some are dismissing TDEM and the Goldak survey as simply "informing us that we have kimberlite". If that's all that did, IMO, why would we waste our money on such an advanced, state of the art survey. That post I put up the other day about TDEM was enlightening. I think they know a lot more from our property than the fact that we just have some cool looking kimberlites. There are some people in fact that beleive with TDEM (thus possibly the importance of THAT release), we may know EXACTLY what we have and EXACTLY where it is and EXACTLY how much of it is there. That is all debatable and I don't doubt for a spit-second that TSXMiner and all the bashers will jump on this assumption immediately. But that's fine. I just raise it as a talking point for everyone. Do some research into TDEM and its capabilities. I know some people that have. I have my opinions. Maybe you'll have yours.

Again, the above is all for your digestion. Everything is public. And maybe some bright people here will find new connections from the above that I completely missed that make this evidence stronger. Again, for all I know, Urban and CMKX have never contacted or been contacted by Cameco or UIC or any of the Lundins. Given the above, however, if we have uranium, oil/gas and more, I'd be very surprised if Mr. Kusmirski didn't facilitate an introduction for us.

Perhaps there's a lot more going down in Canada this week with Roger's attendance than anyone suspects. Perhaps our Canadian JVs were underestimated in their importance. I know TSX Miner is of the opinion that "Mr. Kusmirski hates Urban." That's fine. That's his opinion. And frankly TSXMiner has seemed like the most objective set of eyes on this board (personally I still say he is a pure basher with his recent concession to our kimberlite as trying to make him seem a more credible basher). Plus, even if Mr. Kusmirski didn't care for Urban, money is a powerful motivator to set aside differences. I admit to not knowing the mining community up there but I certainly would never take TSX Miner's commentary on that relationship as having much worth. Just my opinion on that.

What is happening with our JVs? Time will tell. Did I hit any real, relevant connections above? Time will tell. I am sharing all this info as food for thought as we get deeper and deeper into this mystery novel.

For tonight, I post this for you to consider. I will not be responding to any replies. Debate amongst yourselves. I already have my opinions. I am sticking to my belief that extensive posting is no longer relevant here. So this is my one post today. It is not about a company PR but it is what I considered relevant enough to merit posting. I hope it was helpful. Catch you tomorrow.


Z

As always, these are my personal opinions.