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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: dave brown who wrote (1825)	9/3/1999 10:17:00 AM
From: Marshhawk	Read Replies (2) \| Respond to of 2769

Dave, good post. As they say in West Tennessee, I was 'proud for you' for not responding in kind to certain negative aspersions. As is obvious to everyone, I want the CMR stock price to go up. I have no position with the company, and no warrants or options [of course, I could be lying]. I also agree with you that more transparency would be better. Ralph said he had found no mention of insider transactions on Carlson (?) and maybe he can post the hyperlink. The Whistle Stop/Red Engine/CMR connection makes my head swim. I have attempted to convert your numbers at 1 RE share=.75 CMR share and have ignored positions of Manning, Plexman and Wozny. I come up with 1.929,422 CMR shares; and approximately 3 mil CMR options and warrants. I assume the other 6 mil shares, options and warrants are tied up in the Whistle Stop business. I also assume that Elwood, Ferreira and Teod. are in this business to, hopefully, make money. My point, since the amalgamation, is that given their stock position, they make oodles of money if they either bring Werner and Maskwa into production, and/or if they hit big at BINCO. We know 250 k of options (as memory serves me, set to expire in Feb and exercised in Jan) were exercised at .35 and sold at .50 by Ted. So the discussion of this week seems to revolve around whether Bill or Paul may have exercised and sold options to the tune of 500k in the last year. If Ted were underhanded, wouldn't he have exercised the options 2-3 years ago and sold at $4? If one looks at Sedar, and looks at what I think is the annual report, CMR is stating shareholder equity at something like 37 mil. As initially (and still in many people's minds) Werner, Maskwa and BINCO were pipe dreams, and as there are now some tangible drill results, underground shafts, mill and refinery, is it surprising that shares went from 0.06 to 0.66? My understanding is that Ferreira discovered (or rediscovered?) the Werner and Maskwa properties, prior to working for CMR. Is it unusual for him to be given shares and/or Net Smelter Rights in payment for his discoveries? You have to help me with question 6, cause I think I misunderstand the question. If Ted, Paul and Bill have 10 mil shares, and if Ted sold 250 at .50, and if they will get more options and warrants in the future, why would they "take down the latest flow through private placement?" Do I misunderstand take down, or are you referring to the "large private placement a year before the arrangement." I don't know about Bill, but I'm pretty certain that Ted and Paul do not have excess incomes to be taking down private placements and that this represented outside capital. [I have no proof one way or the other]. In regards to #7, good question. As there is no more Red Engine, does that mean that RE options and warrants were converted at .75 to 1. In our capitalistic society, those who are willing to accept risk have outsized rewards if they deliver. If one assumes for the moment, that the drill results at Werner and Maskwa are indicative of economic deposits, then the crucial issue for CMR for the last 18 months (and continuing in my mind at least) is acquisition of capital. It seems to me, that as the insiders get very rich if things pan out, that they would not sell into a falling market which would have the net result of making financing more difficult. [I realize my argument is somewhat diminished by the 250 k option conversion sale this winter] As I've said in the past, I often feel I agree with 90% of what you say. It seems I disagree most with your analysis of CMR's managements motives. It seems that the crucial issue remains financing. They've announced that they have the 1.2 mil in flow through. And it seems that some of the other 10-15 mil of planned finance has come through. The latest document on Sedar, says that buying the Cobatec facility at 1.5 mil will decrease cost of Werner going into production to 6 mil from 10 mil. Those of us who are bulls will be in the doldrums until financing announced. Obviously this is not my area of expertise, and I have some difficulty in understanding why it has taken so long to raise 10-15 mil given the roaring bull market in metals. With Ni at 7k, people with money in Toronto and Montreal and NYC must be looking for viable projects. Thanks again for your level headed response, especially after being referred to as a monkey. PS: Have you looked at the INCO threads on SI. Boring!

To: dave brown who wrote (1825)	9/3/1999 10:54:00 AM
From: Ralph Kern	Read Replies (1) \| Respond to of 2769

We wondered if you had a life. The information you posted is available to all shareholders and has been over the past year. Hundreds of thousands of Canmine shares have been purchased by investors who have all that information. So what precisely is your point? I am flattered to think you consider me a Canmine insider. I'd love to buy some of those options and warrants you describe. If you look carefully at the options and warrants listed, many have been out of the money and have expired. Don't think it would be in the interest of those individuals to have a low share price. As the 'declared' short position on CMR is only 5K I can't understand what your own interest would be to negatively impact the share price with unsubstantiated comments. Do you have an undeclared short position? Or are you looking to continue your pointless charade? Nice try again Davey.