misisip and all, you do have my persmission
to post any of what I post here on other boards. As long as they aren't edited in any way, go ahead and copy and paste away. :)
misisip, I only posted on Allstocks, but like I was saying earlier this week, this is becoming the only board with consistant good DD, teamwork and no "over-the-top" drama. That's why I plan on posting here only.
If you do copy THE LIST post, you can also copy my post on DIMAOND MINES, shown on the History Channel, and the post of WHEN BUYBACKS MAKE SENSE.
I believe that THE LIST provides the most relevant roadmap for what to look for in the near future that will determine company value and market (pps) value for us.
In my humble opinion, there seems to be 4 scenerio's that can result, all of which are good for current sharholders.
1) The company remains it's own entity and becomes a reporting company. CMKX then adds value to it's balance sheet & market capitalization (pps) by continuing drilling and mining operations on it's own or with JV partners.
2) A merger takes place and this new entity becomes a reporting company. It then adds value to it's balance sheet & market capitalization (pps) by continuing drilling and mining operations as a now larger company.
3) After becoming a reporting company, CMKX (on it's own, or post merger) can initiate a share buyout IF (and only if) the market value (pps) is below the intrinsic value of the company (See Warren Buffet's article). A share buyout would likely NOT occur if the market value (pps) is in line with the intrinsic value of the company.
4) After becoming a reporting company, CMKX (on it's own or post merger) with the approval of the Board of Director's, can accept a bid for any or part of it's claims or finds by larger competitor's most likley already in the region. (See my DIAMOND MINES post).
Note, becoming a reporting company is key for #3 and #4 to occur. That's why it is exciting that it's being done.
Roger Glenn's involvement has the attention of many, including the larger companies in the region. He and his firm carry too much weight to be ignored. The future holds much to be positive about.
Off to enjoy the weekend. :) Until Monday, be well. Bo
