Veteran, Very Conservative
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! bet that 1,250,000 at 0033 was a buy!
Thanks azco, maybe the buying will start again!!!
I believe 0034 was a resistance point and like the 002s and 003s It my opinion that the MMs are going to make us work past it
L2 update and I'm sure it obsolete by now
http://investorshub.advfn.com/uimage/uploads/2010/5/12/gljjfcnex_l2.PNG
Holly crap did you see us blow by the 0034s
Thank you smitter, Lets keep it on CNEX on the right side of your post box you will see the TOU: \
You are posting to the Cannon Exploration, Inc. (CNEX) board. Please keep your post about the stock and company. Do not post about other users or other stocks.
Weeeeeeee 3/003 on the ask and we are there!
Welcome to the board hellcatjr
3 deep on the ask @ 003
We had the same problem with 002 on Monday about the same time of the morning, once the MMs are finished with the games we will be solid in the 003
The MMs played the 002s just like this earlier this week, they want to hold it back before the big run to cover themselves
I think these MMs want to keep it below 003 but they don't control enough of the float to do so
watch out here come the 0032
Have they ever used the phrase, "BUYERS ARE LIARS". Here we just say that's a "RICKY"when someone on the FRGY board tells a lie.
Monthly trade volume report for FRGY
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=frgy&SortBy=volume&Month=4-1-2010&IMAGE1.x=22&IMAGE1.y=12
Yea I know, I'm the shareholder in the corner turning blue holding my breath.
I agree MOP, I have a call and an email into Rick, I wanted to say "WTF" is going on but I decided to take a less offensive approach.
up from 220 yesterday morning I believe.
Morning CARS, it's a beautiful day for a 2007 filing!
yes I see the reasoning now.
I was just reviewing some of my earlier L2, they have been around I just have not seen them at the top.
Good morning Smitter et al, I went ahead and placed the report for all to see from the latest Alert.
Cannon Exploration Inc. (OTCPK: $CNEX)
Cannon Exploration Inc. (CNEX) engages in the precious mineral exploration business in Canada. It was formerly known as Park 8000 Corp. and changed its name to Cannon Exploration Inc. in March 2008.
The Company was incorporated in 1983 and is based in Phoenix, Arizona.
Share Statistics (11-May-10) FY
2007
FY
2008
%
Chg
Q4 2008 Q4 2009 %
Chg
Symbol CNEX Revenue, $Mn n/a n/a n/a n/a n/a n/a
Current price $0.0022 Gross marg. n/a n/a n/a n/a n/a n/a
52wk Range: $1.01-0.0010 Oper. margin n/a n/a n/a n/a n/a n/a
Avg Vol (3m): 169,591 Net margin n/a n/a n/a n/a n/a n/a
Market Cap. 143.0K
Dil. Shares Outst. 15.3M EPS, $ n/a n/a n/a n/a n/a n/a
Source: Reuters.com, SEC Filings.
Financial Summary
Financials are currently unavailable for CNEX.
Financial Strength (11-May-2010) Company Industry Sector S&P 500
Quick Ratio (MRQ) n/a n/a n/a n/a
Current Ratio (MRQ) n/a n/a n/a n/a
Long-Term Debt to Equity (MRQ) n/a n/a n/a n/a
Total Debt to Equity (MRQ) n/a n/a n/a n/a
Source: Reuters.com, SEC Filings.
Analyst Consensus
No chart available.
Source: www.ft.com
No consensus analysis data available.
Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=CNEX.PK
Investment Highlights
CNEX has acquired an option for 100% interest in the formerly producing Queen Alexandra mine, located just outside of Dryden in northern Ontario, Canada. The mine consists of one shaft and one exploration pit, which are 65 meters apart, and seven trenches.
The Queen Alexandra Mine has known gold values, having produced gold in the past. In the early 20th century, an English mining syndicate sank an 85 foot shaft and milled 18 tons of ore, grading 16.6 ounces of gold. Cannon Exploration has conducted limited ground geophysical surveys on the project, which have indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
CNEX recently announced that the it will be returning to the Queen Alexandra property sometime in late May to continue with the next stage of exploration.
The Company has also engaged a new geophysics company to contract for the management of the next phase of exploration on the property. Currently the companies are in the process of reviewing data from the previous exploration programs, and will draw from the information to complete the plan for the spring/summer program. The move to a new partner for the exploration of the Queen Alexandra is based on the Company’s desire to become compliant with the NI 43 101 standards on a going forward basis.
The Ontario Geological Survey lists 55 companies that have active programs or properties staked for base metals, gold, uranium, molybdenum and diamonds, in the Kenora District, which includes Dryden.
Many of the properties have had previous exploration and some extraction over the years, but the many juniors are back in there as mineral prices remain high.
The area’s geology is structurally complex and much of what lies deep down is relatively untouched. In the Kenora area, compared to more established camps like Red Lake, there are only a few diamond drill holes that have penetrated down 1,000 feet. Many companies are referring to historical information (drill logs, prospecting/assessment reports, government surveys and records, production logs) in an effort to take some of the guesswork out of the search for metals in the area.
Champion Bear, Treasury Metals, Manitou Gold, MPH, Canadian Arrow and Tamaka Gold, to name a few, are some of the companies currently exploring for various mineral deposits in the Kenora and Dryden regions.
Source: http://www.cannon-exploration.com/cannon/index.htm
Technical Analysis
Source: http://stockcharts.com
CNEX is below its 50-day moving average. This bearish sign is even more significant because the moving average is also trending lower.
CNEX is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
CNEX’s MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below zero, which suggests that the underlying moving averages are bearish.
Comparative Analysis
No direct competitors available.
Insider Trading Activity
NET SHARES PURCHASE ACTIVITY
Inside Purchases – Last 6 Months
Shares Transaction
Purchases n/a n/a
Sales n/a n/a
Net Shares Purchased (Sold) n/a n/a
Total Insider Shares Held n/a n/a
% Net Shares Purchased (Sold) n/a n/a
Net Institutional Purchases — Prior Qtr to Latest Qtr
Shares
Net Shares Purchased (Sold) n/a
% Change in Institutional Shares Held n/a
Source: Yahoo Finance
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Welcome to you gold miners from KATX, to you who did not get in early on the other here is your opportunity to get in early on this one. Just a little over 100 miles to the east is the Red Lake Mining area and there must be a dozen mines operating there and the topography is identical to the Queen.
GLTA
That's a good question, to say that Rick said they were going to file them I guess. All we can do at this point is wait, your welcome to wait with us. I call FRGY my safety deposite box for money. Do your own DD and see what you come up with, I play longshots, GLTY.
We are awaiting the 2007 audited financials to be filed followed by amended 08-09 thuse clearing up the filings and having a Caveat Emptor removed. Then there will be a PR as to what direction the company is going. As far as when the actual filing is going to take place your WAG is as good as anybodies.
Don't get me wrong, I am not accusing Rick of a criminal act, I'm just saying that with as many emails he has returned saying the filings this or that. I just can't believe any sane man would put his package that far out on the line and not be trying to deliver what he says. I'm waiting, just frustrated.
tyguyen is always throwing wild speculation out there with nothing to validate his posting. He works under the principle that anyone can be right 50% of the time
Come ON Rick lets get the Filings completed WE. meaning I will never make anymore mother-in-law jokes unless you like them/
Don't feel alone, many of us thought that it might consolidate today.
Well we just blew by my prediction of a 50 mil trade day and it is trading very nicely a good uptrend in the works
Alright CNEXers I have to run to a another jobsite be back in a couple hours.