DKGR Thread- Drake Gold Resources Inc. - Page 25

findinfo · Thu, 07-13-2006, 08:26 AM

70,000 from my part

domain311 · Thu, 07-13-2006, 08:35 AM

How much longer you gonna hold out, LT?

LadyTrad3r · Thu, 07-13-2006, 09:46 AM

guys i sold it all...im sick of the lies , also this new guy melvin O'neil is a piece of work....nice article on him ....its going around....at least i can take the bag off my head now.....

bdcp · Thu, 07-13-2006, 10:09 AM

I am new to the board here, and also a new trader. I have been paying attention to many of the posts here on DKGR, as I was holding 600k myself. I set my sell up about a 1/2 point too high or I would have been in good shape myself.

Can anyone post a new chart on this stock and where we see it going from here?

Is this just a correction?
Is this company really moving in the wrong direction after only two weeks?
Who would want to drive the price downward and why?
Maybe it is time to double down?

I have always noticed that I get in the shortest line at the grocery store, and it always moves the slowest...maybe its time to be a contrarian?

Any thoughts?

Thu, 07-13-2006, 10:12 AM

there was a negative report that someone did on DKGR lastnight and sent it out. Not sure why they did it but it sure seemed to work and got a lot of selling. Support is at .0095 .01 range so now we see what clayton has in his hand to combat this issue

LadyTrad3r · Thu, 07-13-2006, 10:14 AM

yaa stay far away from this now. Dt's are the ones buying it now and they will sell when it goes up again....when it hits .0145 it always sells off....

LadyTrad3r · Thu, 07-13-2006, 10:18 AM

2006-07-12 14:28 ET - Street Wire

Also Street Wire (U-CMKX) CMKM Diamonds Inc

by Will Purcell

Another Pink Sheets promotion hopes to capitalize on Saskatchewan diamonds. The opening salvoes from Drake Gold Resources Inc. seem reminiscent of Urban Casavant's flopped dog of dogs, CMKM Diamonds Inc.; perhaps for good reason. Drake hired the Melfort-based Melvin O'Neil to help with the company's still uncertain projects in the Fort a la Corne district. Mr. O'Neil previously handled investor relations matters for CMKM during its promotional heyday in 2004.

The Melfort office

It is unclear if Mr. O'Neil lent a hand in crafting Drake's latest news release, but its style seems comparable with some of the more humorous proclamations that emanated from CMKM. "Being that Mr. O'Neil has been a resident of the Fort a la Corne area for over 53 years, he comes with the knowledge and expertise Drake Diamonds needs to build a strong operation in Saskatchewan," crowed Drake, apparently believing age and residency to be key prerequisites for diamond hunters.

Drake added that Mr. O'Neil had "10 years of diamond exploration in which the last three he was with an exploration company in the region." The company did not reveal how Mr. O'Neil was involved in diamond exploration. Nor did it mention his previous employer by name.

The California-based company further enthused that Mr. O'Neil "has a long-standing reputation with all the locals, providence offices and staff as well as some of the World's largest diamond mining companies in the region." Details of that reputation were sparse, but Drake says Mr. O'Neil will help the company acquire diamond and mining projects, and help arrange joint ventures.

Drake also added John Marconette to its list of employees, another fellow it credits with a "long-standing reputation." Drake touted Mr. Marconette's involvement with "turnaround projects," hastening to assure investors those turnaround projects moved companies "from negative to positive situations," not the far less promotable, but sadly more common direction. Curiously, his assigned duties are identical to those given to Mr. O'Neil.

That apparently is by design. "Mr. O'Neil will be working mono a mono (sic) with Mr. Marconette," the company stated, in perhaps its most humorous comment. It seems unlikely that the company expects Mr. O'Neil will be working monkey-to-monkey with Mr. Marconette and hopefully the two are in fine health. Presumably, the pair will be working mano-a-mano, or hand-to-hand. Fortunately, fluency in Spanish is not a requirement on a Saskatchewan gem hunt.

CMKM produced some memorable one-liners during the run-up to its big promotion of an old kimberlite flop near Smeaton. Late in 2002, the company touted the arrival of Charles Bronson as its financial public relations consultant, leaving many to wonder why an 80-year-old movie star would suddenly be touting Saskatchewan gems. The company later corrected its news, identifying its new consultant as Howard Bronson.

LadyTrad3r · Thu, 07-13-2006, 10:18 AM

The budding promotion

Drake apparently plans to follow some of CMKM's promotional footsteps, building its diamond wing on the back of the Fort a la Corne play, although it incorrectly dubbed the district the "Fort a la Carne region." (Typographical errors were a trademark of CMKM's official pronouncements as well. Perhaps the most celebrated had that company buying a "Drill Rigg," a purchase apparently newsworthy enough to warrant capitalization, as well as the superfluous g.)

Drake says its new diamond division will target zones in Southern Saskatchewan, which it unabashedly touts as "some of the best-known kimberlite discovery areas in the world." Strictly speaking, the Fort a la Corne region is in central Saskatchewan, to the northeast of Prince Albert. Although some more seasoned explorers are starting hunts farther to the south, they are still looking for their first promotable find.

The company apparently has a project in mind. Drake is tasking Mr. Marconette, presumably working mano-a-mano with Mr. O'Neil, to finalize the acquisition of an unidentified 36,000-hectare property "in the heart of the southern mining mineral deposit district in Saskatchewan." Precisely where remains a mystery, but the company assures speculators it will release "complete discloser" (sic) and maps, once its leases receive approval.

Also a bit of a mystery is who is running Drake. The company appointed Richard Biscan to be its head early this year, but he chose to act as a consultant instead, because of existing commitments. Clayton Smith handles investor relations for the company and he apparently is an interim manager.

Drake revealed some big expectations in a company update issued by Mr. Smith issued in early July. "We would do some core samples based on further exploration but believe we have a fabulous project in the area that could mean diamonds for years to come. It has yet to be disclosed so we are limited to what we can say," gushed Mr. Smith.

Drake has its diamond cart ahead of its exploration horse, but that is nothing new on the mighty pinks. CMKM's shares traded for one-100th of a U.S. penny in the spring of 2004, but they took off when the company began attracting legions of investors new to diamonds, using the allure of two advanced projects in the Fort a la Corne region.

Shore Gold Inc. was working on a big bulk test of its mammoth Star pipe, which was just starting to produce the first gems in a parcel that now tops 6,000 carats. De Beers was also busy on a play just north of Star, and the diamond giant had over 60 kimberlites to its credit, some of which seem potentially economic.

CMKM picked up moose pasture surrounding those main hunts and it added an old play near Smeaton that delivered a nearly barren pipe in the mid-1990s. CMKM repackaged the old Smeaton kimberlite as the Carolyn pipe, and after processing several hundred kilograms of rock, it gleefully proclaimed Carolyn diamondiferous.

CMKM's shares ran to a high of 13-100ths of a U.S. cent, before Canadian regulators threw cold water on the story, demanding more details from the company's two Canadian partners. The promotion collapsed when the two juniors revealed the rock yielded just two minuscule microdiamonds, weighing just 0.000005 carat.

Still, billions of CMKM's capitalization of several hundred billion shares traded almost daily, until the Securities and Exchange Commission revoked the company's registration in the summer of 2005. The revelation that CMKM had over 700 billion shares outstanding came as a shock to many shareholders, who clung to hopes the total was far lower.

Drake's loftier share price suggests a much lower total and it says it has just 600 million shares issued, but with a company listed on the mighty pinks, who is to know the current tally for sure? Drake does have a sizeable number of free-trading shares outstanding, based on its recent market activity. The stock remains mired near 1.3 U.S. cents, but there is no shortage of buyers. Over 17 million drake shares traded on Monday, the most since mid-June, helped along by the diamond news. Early in June, nearly 100 million Drake shares traded in four days, after the company said it was acquiring Pegasus Well Services. Word of a Saskatchewan diamond play would undoubtedly spark a flurry of new interest that could keep Mr. O'Neil's Melfort telephone ringing like the old days.

LadyTrad3r · Thu, 07-13-2006, 10:26 AM

Background of Mr. Thomas Gouger III is tied with TNOG which is tied with Novak Capital. Investor impression with a little bit of DD is that these guys are all a bunch of crooks. Both TNOG and DKGR have no fundemental value at all.

TheMaster · Thu, 07-13-2006, 10:41 AM

Quote:

Originally Posted by LadyTrad3r

Background of Mr. Thomas Gouger III is tied with TNOG which is tied with Novak Capital. Investor impression with a little bit of DD is that these guys are all a bunch of crooks. Both TNOG and DKGR have no fundemental value at all.

lol and just a couple days ago i got called on bashing clayton's emu farm.

I do think the oil division has some value.. i've seen pictures of the drilling site on novaks webpage.
The diamonds division is an emu farm in my oppinion, without any emus.

I'm not a basher, i'm a realist.

Thu, 07-13-2006, 10:09 AM	#244 (permalink)
bdcp Join Date: Jun 2006 Location: Atlanta Posts: 2	DKGR Chart I am new to the board here, and also a new trader. I have been paying attention to many of the posts here on DKGR, as I was holding 600k myself. I set my sell up about a 1/2 point too high or I would have been in good shape myself. Can anyone post a new chart on this stock and where we see it going from here? Is this just a correction? Is this company really moving in the wrong direction after only two weeks? Who would want to drive the price downward and why? Maybe it is time to double down? I have always noticed that I get in the shortest line at the grocery store, and it always moves the slowest...maybe its time to be a contrarian? Any thoughts?

Thu, 07-13-2006, 10:18 AM	#247 (permalink)
LadyTrad3r Super Member Join Date: Jun 2006 Posts: 544	Melvin O'Neil 2006-07-12 14:28 ET - Street Wire Also Street Wire (U-CMKX) CMKM Diamonds Inc by Will Purcell Another Pink Sheets promotion hopes to capitalize on Saskatchewan diamonds. The opening salvoes from Drake Gold Resources Inc. seem reminiscent of Urban Casavant's flopped dog of dogs, CMKM Diamonds Inc.; perhaps for good reason. Drake hired the Melfort-based Melvin O'Neil to help with the company's still uncertain projects in the Fort a la Corne district. Mr. O'Neil previously handled investor relations matters for CMKM during its promotional heyday in 2004. The Melfort office It is unclear if Mr. O'Neil lent a hand in crafting Drake's latest news release, but its style seems comparable with some of the more humorous proclamations that emanated from CMKM. "Being that Mr. O'Neil has been a resident of the Fort a la Corne area for over 53 years, he comes with the knowledge and expertise Drake Diamonds needs to build a strong operation in Saskatchewan," crowed Drake, apparently believing age and residency to be key prerequisites for diamond hunters. Drake added that Mr. O'Neil had "10 years of diamond exploration in which the last three he was with an exploration company in the region." The company did not reveal how Mr. O'Neil was involved in diamond exploration. Nor did it mention his previous employer by name. The California-based company further enthused that Mr. O'Neil "has a long-standing reputation with all the locals, providence offices and staff as well as some of the World's largest diamond mining companies in the region." Details of that reputation were sparse, but Drake says Mr. O'Neil will help the company acquire diamond and mining projects, and help arrange joint ventures. Drake also added John Marconette to its list of employees, another fellow it credits with a "long-standing reputation." Drake touted Mr. Marconette's involvement with "turnaround projects," hastening to assure investors those turnaround projects moved companies "from negative to positive situations," not the far less promotable, but sadly more common direction. Curiously, his assigned duties are identical to those given to Mr. O'Neil. That apparently is by design. "Mr. O'Neil will be working mono a mono (sic) with Mr. Marconette," the company stated, in perhaps its most humorous comment. It seems unlikely that the company expects Mr. O'Neil will be working monkey-to-monkey with Mr. Marconette and hopefully the two are in fine health. Presumably, the pair will be working mano-a-mano, or hand-to-hand. Fortunately, fluency in Spanish is not a requirement on a Saskatchewan gem hunt. CMKM produced some memorable one-liners during the run-up to its big promotion of an old kimberlite flop near Smeaton. Late in 2002, the company touted the arrival of Charles Bronson as its financial public relations consultant, leaving many to wonder why an 80-year-old movie star would suddenly be touting Saskatchewan gems. The company later corrected its news, identifying its new consultant as Howard Bronson.

Thu, 07-13-2006, 10:18 AM	#248 (permalink)
LadyTrad3r Super Member Join Date: Jun 2006 Posts: 544	Cont. The budding promotion Drake apparently plans to follow some of CMKM's promotional footsteps, building its diamond wing on the back of the Fort a la Corne play, although it incorrectly dubbed the district the "Fort a la Carne region." (Typographical errors were a trademark of CMKM's official pronouncements as well. Perhaps the most celebrated had that company buying a "Drill Rigg," a purchase apparently newsworthy enough to warrant capitalization, as well as the superfluous g.) Drake says its new diamond division will target zones in Southern Saskatchewan, which it unabashedly touts as "some of the best-known kimberlite discovery areas in the world." Strictly speaking, the Fort a la Corne region is in central Saskatchewan, to the northeast of Prince Albert. Although some more seasoned explorers are starting hunts farther to the south, they are still looking for their first promotable find. The company apparently has a project in mind. Drake is tasking Mr. Marconette, presumably working mano-a-mano with Mr. O'Neil, to finalize the acquisition of an unidentified 36,000-hectare property "in the heart of the southern mining mineral deposit district in Saskatchewan." Precisely where remains a mystery, but the company assures speculators it will release "complete discloser" (sic) and maps, once its leases receive approval. Also a bit of a mystery is who is running Drake. The company appointed Richard Biscan to be its head early this year, but he chose to act as a consultant instead, because of existing commitments. Clayton Smith handles investor relations for the company and he apparently is an interim manager. Drake revealed some big expectations in a company update issued by Mr. Smith issued in early July. "We would do some core samples based on further exploration but believe we have a fabulous project in the area that could mean diamonds for years to come. It has yet to be disclosed so we are limited to what we can say," gushed Mr. Smith. Drake has its diamond cart ahead of its exploration horse, but that is nothing new on the mighty pinks. CMKM's shares traded for one-100th of a U.S. penny in the spring of 2004, but they took off when the company began attracting legions of investors new to diamonds, using the allure of two advanced projects in the Fort a la Corne region. Shore Gold Inc. was working on a big bulk test of its mammoth Star pipe, which was just starting to produce the first gems in a parcel that now tops 6,000 carats. De Beers was also busy on a play just north of Star, and the diamond giant had over 60 kimberlites to its credit, some of which seem potentially economic. CMKM picked up moose pasture surrounding those main hunts and it added an old play near Smeaton that delivered a nearly barren pipe in the mid-1990s. CMKM repackaged the old Smeaton kimberlite as the Carolyn pipe, and after processing several hundred kilograms of rock, it gleefully proclaimed Carolyn diamondiferous. CMKM's shares ran to a high of 13-100ths of a U.S. cent, before Canadian regulators threw cold water on the story, demanding more details from the company's two Canadian partners. The promotion collapsed when the two juniors revealed the rock yielded just two minuscule microdiamonds, weighing just 0.000005 carat. Still, billions of CMKM's capitalization of several hundred billion shares traded almost daily, until the Securities and Exchange Commission revoked the company's registration in the summer of 2005. The revelation that CMKM had over 700 billion shares outstanding came as a shock to many shareholders, who clung to hopes the total was far lower. Drake's loftier share price suggests a much lower total and it says it has just 600 million shares issued, but with a company listed on the mighty pinks, who is to know the current tally for sure? Drake does have a sizeable number of free-trading shares outstanding, based on its recent market activity. The stock remains mired near 1.3 U.S. cents, but there is no shortage of buyers. Over 17 million drake shares traded on Monday, the most since mid-June, helped along by the diamond news. Early in June, nearly 100 million Drake shares traded in four days, after the company said it was acquiring Pegasus Well Services. Word of a Saskatchewan diamond play would undoubtedly spark a flurry of new interest that could keep Mr. O'Neil's Melfort telephone ringing like the old days.

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Thu, 07-13-2006, 08:26 AM	#241 (permalink)
findinfo Join Date: Feb 2006 Posts: 8	70,000 from my part

Thu, 07-13-2006, 08:35 AM	#242 (permalink)
domain311 Join Date: Jul 2006 Posts: 3	How much longer you gonna hold out, LT?

Thu, 07-13-2006, 09:46 AM	#243 (permalink)
LadyTrad3r Super Member Join Date: Jun 2006 Posts: 544	guys i sold it all...im sick of the lies , also this new guy melvin O'neil is a piece of work....nice article on him ....its going around....at least i can take the bag off my head now.....

Thu, 07-13-2006, 10:12 AM	#245 (permalink)
Stock_Analyzer Posts: n/a	there was a negative report that someone did on DKGR lastnight and sent it out. Not sure why they did it but it sure seemed to work and got a lot of selling. Support is at .0095 .01 range so now we see what clayton has in his hand to combat this issue

Thu, 07-13-2006, 10:14 AM	#246 (permalink)
LadyTrad3r Super Member Join Date: Jun 2006 Posts: 544	yaa stay far away from this now. Dt's are the ones buying it now and they will sell when it goes up again....when it hits .0145 it always sells off....

Thu, 07-13-2006, 10:26 AM	#249 (permalink)
LadyTrad3r Super Member Join Date: Jun 2006 Posts: 544	Background of Mr. Thomas Gouger III is tied with TNOG which is tied with Novak Capital. Investor impression with a little bit of DD is that these guys are all a bunch of crooks. Both TNOG and DKGR have no fundemental value at all.