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September 2, 2004
August Focus Stock Pick Update
CMKM Diamonds, Inc. (CMKX)
“Let’s Get Ready to Rumble”
Yesterday The Green Baron Report released its most positive and aggressive short- term outlook on CMKM Diamonds, Inc. (CMKX). The article stated that we have “never felt as strongly about the company’s future as we do today”, and “we are within weeks of a move substantially higher in CMKX stock”. We went on to say, “We continue to believe that CMKM Diamonds has mineral rights to perhaps the most valuable property in the world, and the company may be close to revealing just how valuable it really is.”
The next thing we know, CMKM Diamonds drops a press release this morning that helps define just how valuable the company may be. On September 2, 2004 CMKM Diamonds Inc. announced that the company has finalized a joint venture agreement where St. George Metals, Inc. (Pink Sheets: SGGM) will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration of $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM. The company has received a $2,500,000 payment with three additional payments of $2,500,000 anticipated within the next 30 days.
The Green Baron Report views the cash contribution as vitally important and substantial at this point in time. CMKM Diamonds has already received $3 million from US Canadian Minerals at the end of July, and it is possible that CMKM will receive another $12 million if UCAD executes the options on its agreement. Together with the $10 million coming from SGGM, CMKM Diamonds is looking at potentially an influx of $22 million in cash in the near-term.
We view these commitments of cash as a tremendous vote of confidence in the value of CMKM Diamonds’ mining rights. The Green Baron Report believes that CMKM Diamonds is on the verge of releasing core drilling samples and mining data that will shock the world. The valuation of even one large dimondiferous kimberlite pipe could send CMKX stock significantly higher. Gold and other precious minerals on claims held by CMKM Diamonds and its partners are likely to increase valuation further.
Today SGGM stock rallied from .01 per share to trade as high as .12 per share. We uncovered that SGGM has 950 billion authorized shares, and it is likely that almost all of its shares are restricted. Since CMKM Diamonds is receiving 200 billion shares of restricted SGGM stock, the valuation with SGGM stock at about .05 per share is astounding. We believe it is too early to extrapolate hard valuation numbers based on this price, but we do believe it clearly indicates that CMKX’s current trading price is grossly undervalued. Just for fun though, if SGGM stock were to remain at today’s closing price of .066 per share, CMKM’s position in SGGM would be worth $13.2 billion. We’ll let you play with the math from here, but remember this deal is only for 5% of CMKM’s mineral rights, and the maximum number of shares in CMKX is 800 billion (but likely much lower).
Based on recent public releases, it appears likely that CMKM Diamonds, Inc. will reward its shareholders soon with yet another stock dividend in SGGM. Although there is no guarantee this will happen, the announcement today clearly indicates to us that CMKX stock is on the verge of a dramatic break out to the upside. The Green Baron Report will patiently await mining results from the company that we think will support our belief that CMKM Diamonds is The Stock Play of a Lifetime.
August Focus Stock Pick Update
CMKM Diamonds, Inc. (CMKX)
“Let’s Get Ready to Rumble”
Yesterday The Green Baron Report released its most positive and aggressive short- term outlook on CMKM Diamonds, Inc. (CMKX). The article stated that we have “never felt as strongly about the company’s future as we do today”, and “we are within weeks of a move substantially higher in CMKX stock”. We went on to say, “We continue to believe that CMKM Diamonds has mineral rights to perhaps the most valuable property in the world, and the company may be close to revealing just how valuable it really is.”
The next thing we know, CMKM Diamonds drops a press release this morning that helps define just how valuable the company may be. On September 2, 2004 CMKM Diamonds Inc. announced that the company has finalized a joint venture agreement where St. George Metals, Inc. (Pink Sheets: SGGM) will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration of $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM. The company has received a $2,500,000 payment with three additional payments of $2,500,000 anticipated within the next 30 days.
The Green Baron Report views the cash contribution as vitally important and substantial at this point in time. CMKM Diamonds has already received $3 million from US Canadian Minerals at the end of July, and it is possible that CMKM will receive another $12 million if UCAD executes the options on its agreement. Together with the $10 million coming from SGGM, CMKM Diamonds is looking at potentially an influx of $22 million in cash in the near-term.
We view these commitments of cash as a tremendous vote of confidence in the value of CMKM Diamonds’ mining rights. The Green Baron Report believes that CMKM Diamonds is on the verge of releasing core drilling samples and mining data that will shock the world. The valuation of even one large dimondiferous kimberlite pipe could send CMKX stock significantly higher. Gold and other precious minerals on claims held by CMKM Diamonds and its partners are likely to increase valuation further.
Today SGGM stock rallied from .01 per share to trade as high as .12 per share. We uncovered that SGGM has 950 billion authorized shares, and it is likely that almost all of its shares are restricted. Since CMKM Diamonds is receiving 200 billion shares of restricted SGGM stock, the valuation with SGGM stock at about .05 per share is astounding. We believe it is too early to extrapolate hard valuation numbers based on this price, but we do believe it clearly indicates that CMKX’s current trading price is grossly undervalued. Just for fun though, if SGGM stock were to remain at today’s closing price of .066 per share, CMKM’s position in SGGM would be worth $13.2 billion. We’ll let you play with the math from here, but remember this deal is only for 5% of CMKM’s mineral rights, and the maximum number of shares in CMKX is 800 billion (but likely much lower).
Based on recent public releases, it appears likely that CMKM Diamonds, Inc. will reward its shareholders soon with yet another stock dividend in SGGM. Although there is no guarantee this will happen, the announcement today clearly indicates to us that CMKX stock is on the verge of a dramatic break out to the upside. The Green Baron Report will patiently await mining results from the company that we think will support our belief that CMKM Diamonds is The Stock Play of a Lifetime.
